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 27, 2026, CID HoldCo, Inc., a Delaware corporation (the "Company"), received a written notification (the “Additional Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) identifying an additional basis for the potential deli…
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.
Select an item to read the extracted section. The as-filed document remains the primary evidence.
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 27, 2026, CID HoldCo, Inc.,
a Delaware corporation (the "Company"), received a written notification (the “Additional Staff Determination”)
from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) identifying an additional basis for
the potential delisting of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), from Nasdaq.
As set forth in the Additional Staff Determination, the Company has not yet filed its Annual Report on Form 10-Q for the period ended
June 30, 2026 (the “Delinquent Filing”), and therefore no longer complies with Nasdaq’s Listing Rules for continued
listing. Accordingly, Nasdaq determined that this matter serves as an additional basis for delisting the Company’s securities from
The Nasdaq Stock Market.
As previously disclosed in the Company’s
Current Reports on Form 8-K filed with the Securities and Exchange Commission on August 12, 2026 and August 18, 2026, on August 6, 2026,
the Company received a staff determination from Nasdaq (the “Initial Staff Determination”) to delist the Common Stock from
Nasdaq pursuant to Nasdaq Listing Rule 5450(b)(2)(A) for failure to satisfy the minimum Market Value of Listed Securities (“MVLS”)
requirement of $50 million, and on August 12, 2026, the Company received an additional staff determination identifying the Company’s
failure to maintain the minimum market value of publicly held shares (“MVPHS”) of $15 million required under Nasdaq Listing
Rule 5450(b)(2)(C) as a further basis for delisting. The Company timely requested a hearing before the Nasdaq Hearings Panel (the “Hearings
Panel”) with respect to these prior staff determinations and paid the applicable $20,000 hearing fee (the “Hearing”).
The hearing request stayed 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 remains listed on Nasdaq pending the outcome
of the Hearing.
Under the Nasdaq Listing Rule 5800 Series, the
Company has the right to appeal a delisting determination based on a delinquent filing by requesting a hearing before a Hearings Panel.
Under Nasdaq Listing Rule 5815(a)(1)(B), a hearing request regarding a delinquent filing stays the suspension of the Company’s securities
for a period of 15 days from the date of the request, unless the Company specifically requests, and the Hearings Panel grants, a further
stay. Because the Company is already before the Hearings Panel with respect to the prior staff determinations, the Company has seven days
from the date of the Additional Staff Determination, or until September 3, 2026, to request an extended stay of the suspension pending
the Hearings Panel’s decision. The Company intends to timely request an extended stay and to present its views with respect to this
additional deficiency, including its plan to complete the Delinquent Filing, to the Hearings Panel at the Hearing.
There can be no assurance that the Hearings
Panel will grant the Company’s request for an extended stay, that the Company will be able to complete the Delinquent Filing within
any period of time that may be granted by the Hearings Panel, or that the Hearings Panel will grant the Company’s request for continued
listing. There can be no assurance that the Hearings Panel will decide in the Company’s favor with respect to the Initial Staff
Determination, the Additional Staff Determination, or any other matter. The Hearings Panel’s decision will determine the future
of trading of the Common Stock on Nasdaq.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD
On
September 1, 2026, the Company issued a press release relating to the Company receiving an Additional Staff Determination from
Nasdaq regarding the potential delisting of 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) ea030431201ex99-1.htm
Exhibit 99.1
Dot Ai Announces Additional Nasdaq Staff Determination
Regarding Delinquent Filing and Hearing Update
Having received an Additional Staff Determination
regarding a delinquent filing, the Company provides an update on the status of its hearing before the Nasdaq Hearings Panel and its intention
to request an extended stay.
LAS VEGAS, NV / September 1, 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 27, 2026, it received a written notification (the “Additional Staff Determination”)
from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) identifying an additional basis for the
potential delisting of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), from Nasdaq. As
set forth in the Additional Staff Determination, the Company has not yet filed its Form 10-Q for the period ended June 30, 2026 (the “Delinquent
Filing”), and therefore no longer complies with Nasdaq’s Listing Rules for continued listing. Accordingly, Nasdaq has determined
that this matter serves as an additional ba…