Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year from the date these condensed consolidated financial statements are issued.”View the 10-Q filed Sep 25, 2026
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Nasdaq granted CID HoldCo, Inc. continued listing, subject to applying to transfer securities to The Nasdaq Capital Market by November 2, 2026. Avi Cohen was appointed to the board’s Class I vacancy until the 2029 Annual Meeting.
CID HoldCo, Inc. received Nasdaq continued-listing approval after completing its Envoy Technologies, Inc. acquisition and regaining compliance with the shareholders’ equity requirement, subject to transferring its securities to Nasdaq Capital Market by November 2, 2026.
CID HoldCo, Inc. agreed to settle $368,107.25 of executive debt by paying $37,075 and issuing 55,613 shares at $6.00 per share; it also committed to issue 752,889 creditor shares at approximately $6.00 per share to exchange for debt waivers.
CID HoldCo completed its acquisition of Envoy on October 9, 2026, issuing BladeRanger common and preferred shares plus up to 2,166,667 Blink shares; consideration was valued at approximately $65.0 million. Nasdaq’s hearing decision remains pending.
CID HoldCo, Inc. closed its Envoy acquisition on October 9, 2026, issuing 233,543 common shares and 8,433,123 Series C Preferred shares, plus up to 2,166,667 shares issuable to Blink. It believes stockholders’ equity is at least $2.5 million pending Nasdaq’s decision.
CID Holdco, Inc. amended its quarterly report solely to correct the cover-page checkbox indicating it had not filed all required reports during the preceding 12 months; no financial statements or other disclosures were changed.
CID HoldCo, Inc. agreed to acquire Envoy Technologies, Inc. for 10,833,333 shares valued at $65,000,000, with closing targeted for October 6, 2026 subject to conditions including conversion of a $12.5 million convertible note and joinder by its holder.
CID HoldCo, Inc. agreed to acquire Envoy Technologies, Inc. for 10,833,333 shares valued at $65,000,000 at a $6.00 reference price, including 233,543 common shares and Series C preferred shares; closing is targeted for October 6, 2026.
CID Holdco temporarily furloughed employees and suspended manufacturing effective May 25, 2026. Six-month revenue was $24,612, down 94.9%, and management raised substantial doubt about its ability to continue as a going concern.
