CID Holdco Inc. Secures Up to $5 Million in Convertible Loan Agreement with J.J. Astor & Co
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CID Holdco Inc. has secured a convertible loan agreement with J.J. Astor & Co., allowing borrowing up to $5 million in four tranches. The first tranche of $2 million was funded, with $1.84 million received after fees. The loan matures on November 30, 2026, with repayment in twelve monthly installments. Additional loans are subject to conditions including stock trading requirements and an equity line of credit agreement. Proceeds from the equity line will help repay the loan.
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