CID Holdco agrees to settle $368,107.25 in executive debt with shares and cash
DAIC•CID Holdco agreed to settle $368,107.25 in executive loan principal and accrued interest owed to three executives using 55,613 common shares valued at $6 each and approximately $37,075 in cash.
1. Settlement terms
CID Holdco agreed on October 9, 2026, to settle $368,107.25 in executive loan principal and accrued interest owed to three executives. The settlement comprises 55,613 common shares at a deemed price of $6 per share and approximately $37,075 in cash. The debt cancellation takes effect once the shares are issued and cash is paid; the cash is due by December 31, 2026. If payment is not made by then, the lenders may pursue the full outstanding debt while retaining their settlement shares.
