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AI brief of an SEC Form 8-K · CID Holdco, Inc. (DAIC)

CID HoldCo settles $368,107 in executive loans for 55,613 shares and cash

Mixed Impact 4 of 5 financing Written later

CID HoldCo agreed on October 9, 2026 to cancel about $368,107 in loans from its CEO, CFO/COO and CTO. In exchange, the company will pay about $37,075 in cash and issue 55,613 shares at a deemed price of $6.00 per share, and it has committed to issue 752,889 more shares to other creditors. The deal removes debt but adds new shares that can be sold after the April 15, 2027 lock-up ends, and the filing says it was approved as a related person transaction.

Key points

  • Executive loans totaled $368,107.25 as of October 9, 2026, including principal and unpaid interest.
  • Settlement terms: about $37,075 cash (roughly 10% of the debt) plus 55,613 shares at a deemed price of $6.00 per share.
  • As of October 15, 2026, the company committed to issue 752,889 shares to other creditors on similar terms.
  • Shares are locked up through April 15, 2027; the cash payment is due by December 31, 2026, and a resale registration statement is due by November 30, 2026.

The filing

CompanyCID Holdco, Inc. (DAIC)
Form8-K, current report
Filed with the SECOct 16, 2026, 4:41 PM ET
Accession number0001213900-26-110296

Items reported: 1.02 Termination of Material Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 16, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.