---
title: "CID HoldCo Raises $6 Million in Preferred Financing; Adds Voting, Registration and Restricted Account Terms"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293476487.md"
description: "CID HoldCo raised $6 million in private preferred financing, issuing Series AA and B shares. The company established a restricted account for Series B proceeds tied to specific milestones, signed a Registration Rights Agreement for share resale, and entered a Voting Agreement to secure stockholder approvals. These measures aim to bolster liquidity and support the company's plan to regain Nasdaq compliance."
datetime: "2026-07-22T12:53:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293476487.md)
  - [en](https://longbridge.com/en/news/293476487.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293476487.md)
generator: "portal-rs"
---

# CID HoldCo Raises $6 Million in Preferred Financing; Adds Voting, Registration and Restricted Account Terms

CID HoldCo entered a $6.0 million private preferred financing with a group of investors, issuing $2.0 million of Series AA and $4.0 million of Series B shares. Series B proceeds will be held in a restricted account with staged releases tied to a resale registration becoming effective, stockholder approval, and trading thresholds. The company also put in place a Registration Rights Agreement to enable resale of conversion shares and a Voting Agreement with certain stockholders to secure required approvals. The transactions aim to bolster liquidity and support CID HoldCo’s plan to regain Nasdaq compliance.

**Agreement 1: CID HoldCo Secures $6 Million Private Preferred Financing With Investor Group**

-   **Agreement type**: Securities Purchase Agreement for private placement of preferred stock
-   **Counterparty**: Certain investors
-   **Signed / Effective**: Jul 22 2026 / Jul 22 2026
-   **Duration / Termination**: At will
-   **Reason**: Raise capital and support Nasdaq compliance plan

**Agreement 2: CID HoldCo Sets Registration Rights to Enable Resale of Conversion Shares**

-   **Agreement type**: Registration Rights Agreement
-   **Counterparty**: Investors
-   **Signed / Effective**: Jul 22 2026 / Jul 22 2026
-   **Duration / Termination**: At will
-   **Reason**: Enable resale registration of conversion shares

**Agreement 3: CID HoldCo Enters Voting Agreement to Secure Stockholder Approvals**

-   **Agreement type**: Voting Agreement
-   **Counterparty**: Certain stockholders
-   **Signed / Effective**: Jul 22 2026 / Jul 22 2026
-   **Duration / Termination**: Until Stockholder Approval
-   **Reason**: Secure votes for share issuance and board changes

**Agreement 4: CID HoldCo Establishes Restricted Account to Safeguard $4 Million Series B Proceeds**

-   **Agreement type**: Restricted Account Agreement for segregated Series B proceeds
-   **Counterparty**: Investors
-   **Signed / Effective**: Jul 22 2026 / Jul 22 2026
-   **Duration / Termination**: Until Board Transition Date
-   **Reason**: Protect investor funds pending milestones

Original SEC Filing: CID Holdco, Inc. \[ DAIC \] - 8-K - Jul. 22, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**