CID HoldCo, Inc. (Dot Ai) entered into a Securities Purchase Agreement for an aggregate investment of up to $6,000,000 in convertible preferred stock, consisting of $2,000,000 in Series AA and $4,000,000 in Series B Preferred Stock. The agreement includes provisions for a special committee to evaluate a proposed sale of operating assets and establishes board transition rights for investors. The company is an IoT and AI-based SaaS company providing asset intelligence for industrial technology.
