CID Issues Settlement Shares to Three Executives for Debt Waiver
CID Holdco issued shares to CEO Edmund S. Nabrotzky, CFO Charles Maddox and CTO Vijayan Nambiar in exchange for a waiver and release of outstanding debt.
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08:44:09 PM UTC
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CID Holdco entered debt-for-equity settlements with three executive lenders and plans a broader creditor exchange to reduce leverage. On Oct 9, 2026, executives agreed to cancel $368,107 of combined loans in return for 55,613 shares at $6.00 per share and a cash payment equal to about 10% of the fo…