debt
confidence high
sentiment positive
materiality 0.65
Dot Ai (DAIC) retires $867K White Lion notes, secures $500K new convertible note, regains Nasdaq bid price compliance
CID Holdco, Inc.
- Retired $867,000 in White Lion secured convertible notes; all liens released.
- Issued $500,000 senior secured convertible note to Phillips Equities & Trust at 6% interest, 12-month maturity.
- Note convertible at 80% of lowest 5-day VWAP; subject to 4.99% beneficial ownership limit.
- Regained Nasdaq minimum bid price compliance; closing bid price above $1.00 for 12 consecutive days.
- Still evaluating options to resolve MVLS ($50M) and MVPHS ($15M) deficiencies.