[Form 3] CID Holdco, Inc. Initial Statement of Beneficial Ownership
CID Holdco, Inc. (DAIC)4,967,391 shares of DAIC common stock. This Form 3 filing reflects ownership received in connection with a business combination in which CID Holdco, Inc. acquired SEE ID, Inc. under a Business Combination Agreement dated March 18, 2024. The consideration to SEE ID shareholders was based on an agreed value of $171,635,010 divided by $10.00 per share of CID Holdco common stock, clarifying how the equity stake was determined as part of the transaction.
- None.
- None.
FAQ
What does the Form 3 filing for CID Holdco, Inc. (DAIC) disclose?
The Form 3 reports that a newly listed reporting person directly beneficially owns 4,967,391 shares of CID Holdco, Inc. common stock following a business combination transaction.
How many DAIC shares does the reporting person own?
The reporting person is shown as directly beneficially owning 4,967,391 shares of CID Holdco, Inc. common stock.
What transaction led to the DAIC insider receiving these shares?
The shares were received in connection with the acquisition of SEE ID, Inc. by CID Holdco, Inc. under a Business Combination Agreement dated March 18, 2024.
How was the consideration for SEE ID shareholders in the DAIC business combination calculated?
The consideration payable to SEE ID shareholders was based on CID Holdco, Inc. common stock equal to the quotient of $171,635,010 divided by $10.00 per share.
Is the reporting person a director or major shareholder of CID Holdco, Inc. (DAIC)?
The filing indicates the reporting person is a director of CID Holdco, Inc. and the Form 3 is filed on behalf of one reporting person.
Does the Form 3 list any derivative securities for the DAIC insider?
Table II in the filing is present for derivative securities, but no specific derivative securities are listed for the reporting person in the provided content.