CID Holdco Secures Up to $10 Million Equity Facility With White Lion Capital
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CID Holdco has secured a multi-part financing deal with White Lion Capital, which includes a $10 million on-demand equity facility valid until December 31, 2028, and up to $2.875 million in senior secured convertible notes. The financing aims to enhance liquidity and provide flexibility for the company while it seeks shareholder approval. The notes will carry 8% interest and have six-month maturities, with conversion pricing linked to market conditions. Additionally, CID Holdco has granted resale registration rights and issued a $2 million commitment warrant to support the financing arrangement.
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