CID HoldCo, Inc. announced the termination of a Securities Purchase Agreement dated July 22, 2026, with certain investors. The lead Investor delivered a notice of termination on July 27, 2026, citing alleged failures of conditions to closing and purported breaches of representations and warranties. Consequently, the planned issuance of Series AA Convertible Non-Redeemable Preferred Stock and Series B Convertible Preferred Stock will not be consummated. The Company disputes these allegations, maintaining it was ready, willing, and able to close, and is evaluating its rights and remedies under the agreement while exploring options for its creditors. CID HoldCo, Inc. operates in the technology sector.
