secwatch.observer — SEC 8-K summary
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Issuer:     CID Holdco, Inc. (DAIC)
CIK:        0002033770
Form:       8-K
Filed at:   2026-09-29T11:00:37+00:00
Accession:  0001213900-26-104296
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

CID HoldCo to acquire Envoy Technologies for $65M in stock; BladeRanger gets 9.99% stake plus convertible preferred
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- CID to acquire 100% of Envoy for 10,833,333 Envoy-Side Shares valued at $65M based on $6.00/share reference price.
- Consideration: 233,543 common shares to BladeRanger (9.99% of pre-close outstanding) plus 8,433,123 Series C Preferred; Envoy noteholder gets 2,166,667 Series C shares.
- Series C Preferred: $6.00 stated value, non-voting, 1-for-1 convertible, subject to 19.99% ownership blocker until stockholder approval sought by Jan 31, 2027; not a closing condition.
- Closing targeted Oct 6, 2026, subject to Israeli/TASE approvals and conversion of Envoy's $12.5M convertible note; BladeRanger gets one board seat and one executive designee.
- Deal supersedes Sept 14, 2026 term sheet; BladeRanger lock-up until earlier of April 1, 2027 or six months post-conversion; termination fee up to $150,000 for fiduciary out.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026104296/0001213900-26-104296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026104296/ea0306797-8k_cidhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-104296

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