CID Holdco to acquire Envoy in $65 million stock deal with BladeRanger
DAIC•CID Holdco agreed to acquire Envoy Technologies from BladeRanger for $65 million in stock, based on a $6.00 reference price per share. The deal is targeted to close Oct. 6, 2026, subject to conditions including Israeli and Tel Aviv Stock Exchange approvals.
1. Deal terms
BladeRanger, which owns all of Envoy, is set to receive 233,543 common shares and 8,433,123 newly authorized Series C convertible preferred shares. Envoy’s $12.5 million convertible promissory noteholder is set to receive 2,166,667 Series C preferred shares upon signing a joinder agreement.
