CID HoldCo shares surge 125.72% after-hours amid Nasdaq delisting risk
CID HoldCo (DAIC) shares jump 125.72% after hours to $3.90 after a regular-session close up 306.10% to $1.73, with volumes of 102.23 million versus 4.06 million average.
CID HoldCo Inc. (NASDAQ: DAIC ) shares surged 125.72% in after-hours trading Monday to $3.90.
The stock closed Monday’s regular session up 306.10% at $1.73.
CID HoldCo Inc. is a technology company operating through its subsidiaries.
Distressed Microcap, Heavy Volume Though no immediate reason has been identified for the stock movement, DAIC is a distressed microcap facing Nasdaq delisting and loan-default risks, according to company filings made last week.
Volume for the day was 102.23 million shares, compared with an average daily volume of 4.06 million shares.
Nasdaq Delisting Risk CID HoldCo said it received another Nasdaq staff determination that could lead to delisting.
The company had already failed to regain compliance with Nasdaq’s $15 million minimum market value of publicly held shares requirement and also failed to meet the $50 million minimum Market Value of Listed Securities requirement.
CID HoldCo requested a Nasdaq Hearings Panel hearing, which keeps its shares listed pending a written decision.
The company said it is pursuing strategic alternatives but warned there is no assurance it will remain listed.
Read Also: Trump Moves Toward 7.5% Tariff on China for Flooding Global Markets With Cheap Goods Ahead of Xi Meeting Loan Default, Foreclosure Risk CID HoldCo also disclosed a default under its secured loan agreement with LHT I, LLC.
The company said it owed $1.06 million as of Aug.
12, including attorneys’ fees and costs.
LHT I warned it could exercise its rights under the agreement, including foreclosure on company assets.
CID HoldCo said it expects foreclosure to result in the transfer of a material portion of its operations and assets.
Trading Metrics, Technical Analysis CID HoldCo has a market capitalization of $3.36 million, with a 52-week high of $113.22 and a 52-week low of $0.37.
DAIC shares are down 98.38% over the past year.
Edge Stock Rankings show negative rankings across all time frames.
Disclaimer: This content was produced with the help of AI tools and was reviewed and published editors.
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