CID Holdco, Inc. (DAIC) Form 8-K — Sep 29, 2026
CID HoldCo (Nasdaq: DAIC) entered a definitive Securities Purchase Agreement dated September 25, 2026 to acquire 100% of Envoy Technologies from Israel's BladeRanger (TASE: BLRN) in an all-stock deal valued at $65 million at a $6.00 reference price. The consideration is 10,833,333 shares (as-converted), including 233,543 common shares plus 8,433,123 Series C Preferred shares to BladeRanger and 2,166,667 Series C Preferred shares to the holder of Envoy's $12.5M convertible note. Closing is targeted for around October 6, 2026, subject to Israeli and TASE approvals, conversion of the Envoy Convertible Note, and the noteholder's joinder.
Key figures
- Deal Value Usd
- 65000000
- Outside date
- October 6, 2026
- Envoy side shares
- 10833333
- Warrants outstanding
- 15654983
- Lht settlement shares
- 2815506
- Assumed lease backstop
- 700000
- Warrant exercise price
- 287.5
- Yorkville sepa capacity
- 50000000
- Buyer shares outstanding
- 2337767
- Pre closing liability cap
- 250000
- Reference price per share
- 6
- H capital convertible note
- 550000
- Indemnification deductible
- 100000
- Stockholder approval target
- January 31, 2027
- Common shares to bladeranger
- 233543
- Bladeranger envoy funding cap
- 500000
- Post closing funding threshold
- 2000000
- Envoy convertible note principal
- 12500000
- Series c preferred to bladeranger
- 8433123
- Company debt reimbursement threshold
- 1600000
- Series c preferred to envoy noteholder
- 2166667
- Fiduciary out expense reimbursement cap
- 150000
- General indemnity cap pct of envoy shares
- 25%
AI analysis
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