Recent Updates — DAIC
The Nasdaq Hearings Panel granted CID HoldCo, Inc. (Dot Ai) a request for continued listing on The Nasdaq Stock Market, subject to the company submitting an application to transfer its securities to the Nasdaq Capital Market on or before November 2, 2026. This decision follows the completion of the acquisition of Envoy Technologies and the filing of delinquent quarterly reports, which allowed the company to regain compliance with shareholders' equity requirements. Additionally, the Board appointed Avi Cohen as an independent director to fill a Class I vacancy until the 2029 Annual Meeting. Dot Ai operates in the ambient IoT and asset-intelligence sector.
CID HoldCo, Inc., doing business as Dot Ai, completed its acquisition of 100% of Envoy Technologies from BladeRanger Ltd. on October 9, 2026. The transaction is valued at approximately $65 million based on a reference price of $6.00 per share and involves the issuance of common stock and Series C Convertible Non-Redeemable Preferred Stock to BladeRanger. Additionally, Blink Charging Co.'s outstanding $12.5 million convertible note remains subject to conversion into Dot Ai common stock upon satisfaction of specific conditions, including stockholder approval and SEC registration effectiveness. The acquisition adds an electric vehicle carsharing business to Dot Ai's portfolio and is intended to help the company meet Nasdaq’s minimum stockholders’ equity requirement for continued listing. CID HoldCo operates in the ambient IoT and asset-intelligence sector.
CID HoldCo, Inc. entered into a Securities Purchase Agreement to acquire 100% of Envoy Technologies, Inc., from BladeRanger Ltd. The transaction values the acquisition at $65 million, with CID issuing approximately 10.83 million shares valued at $6.00 per share, including common stock and Series C Convertible Preferred Stock. Closing is targeted for October 6, 2026, subject to customary conditions and Nasdaq stockholder approval. BladeRanger will designate one board director post-closing. CID HoldCo, Inc. operates in the shared electric vehicle mobility sector.
CID HoldCo, Inc. entered into a binding term sheet to acquire 100% of Envoy Technologies, Inc., issuing approximately 67.3% of its post-closing fully diluted capitalization in consideration, including Series C Preferred Stock and Common Stock. The company also issued an unsecured convertible promissory note with a $550,000 principal amount to H Capital Ventures Management Consultancies Co. LLC. Additionally, the company settled outstanding debt obligations totaling approximately $1.09 million by converting them into 2,815,506 shares of Common Stock and transferring assets to LHT I, LLC. The filing also discloses a Nasdaq Hearings Panel appearance regarding compliance with continued listing requirements for market value and timely filings. CID HoldCo operates in the technology sector, focusing on electric vehicle mobility solutions.
CID HoldCo, Inc. received an Additional Staff Determination from Nasdaq on August 27, 2026, identifying its failure to file the Form 10-Q for the period ended June 30, 2026, as a new basis for potential delisting. This follows prior determinations citing failures to maintain minimum Market Value of Listed Securities ($50 million) and publicly held shares ($15 million). The company has requested a hearing before the Nasdaq Hearings Panel and paid a $20,000 fee, which stays suspension pending the decision. CID HoldCo intends to request an extended stay until September 3, 2026, to present its plan for completing the delinquent filing. There is no assurance that the panel will grant the stay or rule in the company's favor. The Hearings Panel’s decision will determine the future of trading on Nasdaq. CID HoldCo operates as an IoT and AI-based SaaS company providing asset intelligence technology.
CID HoldCo, Inc. received an additional delisting notice from Nasdaq on August 12, 2026, citing a market value of publicly held shares below $15 million for 30 consecutive days. This follows an earlier determination that the company failed to meet the $50 million minimum listed securities requirement. The company requested a hearing before the Nasdaq Hearings Panel, which stays any immediate suspension or delisting filing pending a decision. Concurrently, lender LHT I, LLC issued a Notice of Default due to missed monthly installment payments since January 2026 and the Nasdaq staff determination. The default amount is $1,057,417.37. LHT I demanded immediate assembly of collateral and threatened foreclosure on company assets if not resolved by August 13, 2026. The company expects foreclosure, which would transfer a material portion of its operations and assets. CID HoldCo, Inc. operates in the artificial intelligence sector.