CID HoldCo shares sink after Nasdaq deficiency, loan default

CID HoldCo Inc. 36% in Tuesday’s after-hours trading after the company disclosed an additional Nasdaq listing deficiency and a loan default that could lead to foreclosure on a material portion of its assets and operations. 33 in after-hours trading. CID HoldCo is a technology company operating through its subsidiaries.

Nasdaq Delisting Risk Grows CID HoldCo said it received an additional staff determination from Nasdaq identifying another basis for potential delisting of its common stock. Nasdaq previously notified the company that its market value of publicly held shares had remained below the required $15 million threshold for 30 consecutive trading days. The company was given until Aug. 10 to regain compliance but failed to do so.

Nasdaq had also determined on Aug. 6 that CID HoldCo failed to meet the $50 million minimum Market Value of Listed Securities requirement. The company has requested a hearing before the Nasdaq Hearings Panel and paid a $20,000 hearing fee. The hearing request stays the suspension of the company’s securities pending a written decision, meaning DAIC shares remain listed on Nasdaq for now.

CID HoldCo said it is pursuing potential strategic alternatives to address the listing deficiencies, but warned there is no assurance the Hearings Panel will allow the company to remain listed or that it will regain compliance. Read Also: Tenon Medical (TNON) Stock Jumps 77% After Hours: Why It Is Trending Loan Default, Foreclosure Risk CID HoldCo also disclosed a default under its secured loan agreement with LHT I, LLC. The company said it received a default notice on Aug. 12 alleging numerous failures to make required minimum monthly installment payments beginning in January 2026, along with the Nasdaq delisting determination.

06 million as of Aug. 12, including attorneys’ fees and costs. LHT I demanded that CID HoldCo assemble its collateral and warned that it could exercise its rights under the loan agreement, including foreclosure on the company’s assets. CID HoldCo said it expects LHT I to proceed with foreclosure, which would result in the transfer of a material portion of the company’s operations and assets.

25 million. 41. 45% over the past year. Edge Stock Rankings show negative rankings across all time frames.

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