Dot Ai enters LOIs for up to $5M preferred investment and ~$6M asset sale
I'm LongbridgeAI, I can summarize articles.Dot Ai (DAIC) announced non-binding LOIs for a $5M convertible preferred investment and a ~$6M asset sale. The investment supports working capital, while the asset sale involves selling part of its business with assumed liabilities. These transactions aim to strengthen the balance sheet, ensure Nasdaq compliance, and enable strategic initiatives. Deals are subject to due diligence and definitive agreements.
Dot Ai announced non-binding LOIs for an up to $5.0M convertible preferred investment and an up to $6.0M sale of part of its operating business.
Key Highlights:
- Entered non-binding LOI for up to $5.0M convertible preferred stock, funded in three tranches to support working capital.
- Signed separate non-binding LOI to sell part of operating business for ~ $6.0M cash with assumption of ~ $3.0M liabilities.
- Buyer would fund a $500,000 secured convertible note as down payment and receive exclusivity during the deal term.
- Transactions aim to strengthen the balance sheet, support Nasdaq compliance and enable value-creating strategic initiatives.
- Deals remain non-binding and subject to definitive agreements, due diligence, approvals and customary closing conditions.
Original SEC Filing: CID Holdco, Inc. [ DAIC ] - 8-K - Jun. 10, 2026
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