Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Regulation FD Disclosure
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 6, 2026, CID HoldCo, Inc., a Delaware corporation (the “Company”), received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that Nasdaq’s staff had determined to delist the Company’s common stock,…
Filed Aug 12, 2026Accepted Aug 12, 2026, 8:40 AM EDTCIK 2033770Accession 0001213900-26-088070
Dot Ai (Nasdaq: DAIC) is an ambient IoT and asset-intelligence company. Its Industrial Bridge reader and patent-pending on-metal and wet-environment antenna technology make battery-free ambient tags readable in industrial and outdoor conditions, and its U.S. Patent No. 11,017,189 covers the vehicle-as-reader architecture in which a moving reader dynamically tracks moving beacons. Dot Ai serves an industrial partner ecosystem. For more information, visit https://daic.ai.
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Item 3.01Item 3.01 - Notice of Delisting
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
On August 6, 2026, CID HoldCo, Inc., a Delaware
corporation (the “Company”), received a written notification from the Listing Qualifications Department of The Nasdaq Stock
Market LLC (“Nasdaq”) informing the Company that Nasdaq’s staff had determined to delist the Company’s common
stock, par value $0.0001 per share (the “Common Stock”), from Nasdaq pursuant to Nasdaq Listing Rule 5450(b)(2)(A) because
the Company did not satisfy the minimum Market Value of Listed Securities (“MVLS”) requirement of $50 million. The notification
is referred to herein as the “Staff Determination.”
As previously disclosed, on February 5, 2026, the
Company received deficiency notices from Nasdaq indicating that (i) the MVLS of the Company’s listed securities was below $50 million
required under Nasdaq Listing Rule 5450(b)(2)(A), and (ii) the closing bid price of the Common Stock had been below $1.00 per share for
30 consecutive business days, which is the minimum bid price required for continued listing on the Nasdaq Global Market under Nasdaq Listing
Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). On February 10, 2026, the Company received an additional deficiency
notice from Nasdaq indicating that the Company’s securities had not maintained a minimum market value of publicly held shares (“MVPHS”)
of $15 million required under Nasdaq Listing Rule 5450(b)(2)(C). In accordance with the applicable Nasdaq Listing Rules, the Company was
given 180 calendar days to regain compliance with each requirement: until August 4, 2026 for the MVLS and Minimum Bid Price Requirements,
and until August 10, 2026 for the MVPHS requirement. On June 23, 2026, Nasdaq notified the Company that it had regained compliance with
the Minimum Bid Price Requirement because the closing bid price of the Common Stock had been $1.00 per share or greater for at least 12
consecutive business days from June 8, 2026 to June 22, 2026, and accordingly, the minimum bid price matter was closed. The Company, however,
did not regain compliance with the MVLS requirement by the August 4, 2026 deadline, and Nasdaq subsequently issued the Staff Determination
on August 6, 2026.
Under the Staff Determination, the Company has
the right to appeal the Staff Determination by requesting a hearing before a Nasdaq Hearings Panel (the “Hearings Panel”).
Any such request must be submitted by 4:00 p.m. Eastern Time on August 13, 2026, and is subject to a $20,000 hearing fee. The Company
plans to file such appeal by timely requesting a hearing (the “Hearing”) before the Hearings Panel and paying the applicable
fee. A Hearing request will stay the suspension of the Company’s securities and the filing of a Form 25-NSE with the Securities
and Exchange Commission pending the issuance of a written decision by the Hearings Panel. The Common Stock will remain listed on Nasdaq,
pending the outcome of the Hearing. There can be no assurance that the Hearings Panel will decide in the Company’s favor with respect
to such appeal. The Hearings Panel’s decision will determine the future of trading of the Common Stock.
There can be no assurance that the Company will
be granted the Hearing or that following the Hearing, the Hearings Panel will determine to continue to allow the listing of the Common
Stock on Nasdaq or that the Company will be able to evidence compliance with the applicable listing criteria within the period of time,
if any, that may be granted by the Hearings Panel.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01
Regulation FD
On
August 12, 2026, the Company issued a press release relating to the Company being informed that Nasdaq’s staff had determined
to delist the Company’s Common Stock. A copy of the press release is furnished herewith as Exhibit
99.1.
The information in this current
report on Form 8-K, including the press release attached as Exhibit 99.1 hereto, is being furnished, but shall not be deemed to be “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section
or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained herein and in the accompanying exhibit
shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by the Company, whether made
before or after the date hereof, regardless of any general incorporation language in such filing.
Filed exhibits (1)
EX-99.1 (by filename) ea030168501ex99-1.htm
EX-99.1
2
ea030168501ex99-1.htm
PRESS RELEASE DATED AUGUST 12, 2026
Exhibit 99.1
Dot Ai Announces Delisting Notice and Intention
of Appeal
Having received a Staff Determination of delisting,
the Company signals their intention to appeal as they pursue strategic alternatives to remain compliant.
LAS VEGAS, NV / August 12, 2026 / CID HoldCo,
Inc. (Nasdaq: DAIC) (“Dot Ai” or the “Company”), an IoT and AI-based SaaS company redefining asset intelligence
for industrial technology, today announced that on August 6, 2026, it received a written notification from the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that Nasdaq’s staff had determined to delist
the Company’s common stock, par value $0.0001 per share (the “Common Stock”), from Nasdaq pursuant to Nasdaq Listing
Rule 5450(b)(2)(A) because the Company did not satisfy the minimum Market Value of Listed Securities (“MVLS”) requirement
of $50 million. The notification is referred to herein as the “Staff Determination”. The company is pursuing strategic alternatives
to address the deficiencies.
As previously disclosed, on February 5, 2026,
the Company received deficiency notice…