secwatch.observer — SEC 8-K summary
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Issuer:     CID Holdco, Inc. (DAIC)
CIK:        0002033770
Form:       8-K
Filed at:   2026-09-16T21:23:33+00:00
Accession:  0001213900-26-100595
Event type: m_and_a
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CID HoldCo agrees to acquire Envoy for 67.3% post-closing dilution; Nasdaq delisting hearing pending
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- DAIC to acquire 100% of Envoy Technologies from BladeRanger (TASE: BLRN); issues 10,833,333 shares valued at $65M ($6/share), 67.3% of post-closing cap.
- Consideration: 233,543 DAIC shares to BladeRanger plus Series C Preferred (8,433,123 to BladeRanger, 2,166,667 to Blink); Blink's $12.5M Envoy note converts to 20%.
- Closing targeted Oct 6, 2026; definitive agreements due Sept 25, 2026; stockholder approval targeted Jan 2027; BladeRanger gets 1 board seat post-closing.
- H Capital note: $550K (10% OID, 8% interest, 6-mo maturity), convertible at lower of $1.50 or 90% VWAP floor $0.50; default price $0.01, $500/day damages.
- Nasdaq hearing Sept 15, 2026: DAIC presented plan to fix MVLS <$50M, MVPHS <$15M, late Q2 10-Q; delisting risk remains if plan denied.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026100595/0001213900-26-100595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026100595/ea0305699-8k_cidhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-100595

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