CID HoldCo raises $6M via Series AA and B preferred; appoints Risico director, Daiss president

CID Holdco, Inc.

Aggregate purchase price of $6M: $2M for 400k shares Series AA Preferred, $4M for 800k shares Series B Preferred.
Series B Preferred convertible into Series AAA Preferred, which is convertible into common; holders get board majority upon conversion.
Funds from Series B placed in restricted account; release conditions include stockholder approval, registration effectiveness, and stock price/volume thresholds.
Joseph Risico appointed to Board of Directors; Ryan Daiss appointed President of subsidiary SEE ID HOLDING Corp. under Employment Agreement.
Transaction intended to help regain compliance with Nasdaq MVLS ($50M) and MVPHS ($15M) listing requirements.

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