Equity is likely to be wiped out by the secured lender's foreclosure on all assets. The Nasdaq hearing provides a slim chance of a stay, but with two separate listing deficiencies and no compliance plan disclosed, delisting is virtually certain. Traders should expect a Form 25 delisting filing and potential OTC trading at near-zero value.
Price Chart
Executive Summary
CID HoldCo (DAIC) received an additional Nasdaq delisting notice for failing to maintain the minimum $15M market value of publicly held shares (MVPHS) by the August 10, 2026 compliance deadline, adding to a prior delisting notice for failing the $50M market value of listed securities (MVLS) requirement. Simultaneously, the company's secured lender LHT I declared a default on a $1.06M convertible note, demanding foreclosure on company assets. The stock faces near-certain delisting and asset seizure, making equity value highly uncertain.
Key Facts
- Received additional Nasdaq Staff Determination on August 12, 2026 for failing to regain compliance with the $15M MVPHS minimum by the August 10, 2026 deadline.
- Previously received an Initial Staff Determination on August 6, 2026 for failing the $50M MVLS requirement.
- Company requested a hearing before the Nasdaq Hearings Panel, which stays suspension pending a decision.
- Lender LHT I issued a Notice of Default on August 12, 2026, alleging breach of the Loan Agreement for missed monthly payments since January 2026 and the delisting determination.
- Default amount owed under the Loan Agreement is $1,057,417.37 as of August 12, 2026.
- LHT I demanded assembly of all collateral by August 13, 2026, and the company expects LHT I to proceed with foreclosure on its assets.
- Market cap is approximately $1M, and the default amount exceeds the entire market cap.
Financial Impact
Default amount of $1,057,417.37 exceeds the company's $1M market cap; foreclosure on all assets expected, resulting in transfer of a material portion of operations and assets.
Risk Factors
- Nasdaq Hearings Panel may deny continued listing, leading to immediate delisting and Form 25 filing.
- Lender LHT I will foreclose on all company assets, transferring material operations and leaving equity holders with nothing.
- No disclosed plan or capital to regain compliance with either Nasdaq listing standard.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-091288 |
| Document: 0001213900-26-091288-index-headers.html | 0001213900-26-091288 |
| Document: 0001213900-26-091288-index.html | 0001213900-26-091288 |
| Document: 0001213900-26-091288.txt | 0001213900-26-091288 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | $1.20 | awaiting T+5 | — | $1.04 (−13.33%) |
Oct 16, 2026 10d ago | 8-K | $1.05 $1.04 | ▲ +0.95% | ▲ +0.81% | $1.04 (+0.95%) |
Oct 13, 2026 13d ago | DEFA14A | $1.48 $1.24 | ▼ −16.22% | ▼ −16.67% | $1.04 (−29.73%) |
Oct 13, 2026 13d ago | 8-K | $1.48 $1.24 | ▼ −16.22% | ▼ −16.67% | $1.04 (−29.73%) |
Sep 29, 2026 27d ago | DEFA14A | $2.82 $2.51 | ▼ −10.99% | ▼ −12.94% | $1.04 (−63.12%) |
Sep 29, 2026 27d ago | 8-K | $2.82 $2.51 | ▼ −10.99% | ▼ −12.94% | $1.04 (−63.12%) |
Sep 16, 2026 5w ago | DEFA14A | $5.30 $3.41 | ▼ −35.66% | ▼ −36.26% | $1.04 (−80.38%) |
Sep 16, 2026 5w ago | 8-K | $5.30 $3.41 | ▲ +35.66% | ▲ +36.26% | $1.04 (+80.38%) |
Aug 18, 2026 9w ago | 8-K | $0.4200 $5.15 | ▼ −1126.19% | ▼ −1126.58% | $1.04 (−147.62%) |
Aug 12, 2026 10w ago | 8-K | $0.5562 $0.4200 | ▲ +24.49% | ▲ +24.04% | $1.04 (−86.98%) |
US Market Status
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