CID HoldCo's preferred stock purchase agreement terminated by lead investor; company disputes

CID Holdco, Inc.

On July 27, 2026, lead investor terminated the Securities Purchase Agreement citing alleged failures of closing conditions and breaches of representations.
Company disputes the termination and is evaluating its rights and remedies under the agreement.
Issuance of Series AA and Series B preferred stock will not close unless parties otherwise agree.
Company is also exploring options for its creditors, indicating potential financial distress.
The agreement was entered on July 22, 2026, and terminated five days later.

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