CID HoldCo (DAIC) Registration filing summary

Company overview and business model

• Provides a SaaS platform for real-time tracking and visibility of high-value assets using AI, machine learning, and IoT technologies.

• Solutions target industries such as construction, military, mining, retail, warehousing, manufacturing, and healthcare.

• Offers integrated hardware and software, with initial revenue driven by hardware sales that enable SaaS adoption.

• Focuses on edge intelligence, automation, and data analytics, with plans for international expansion and channel partner development.

• Holds patents and leverages partnerships with ERP, MES, and WMS providers to enhance enterprise process visibility.

Financial performance and metrics

• Fiscal year 2025 revenue was $5.8M, up 3,261.7% from $173K in 2024, primarily from hardware sales.

• Gross margin declined to 46.0% in 2025 from 74.7% in 2024 due to a shift in revenue mix.

• Net loss for 2025 was $36.7M, compared to $21.5M in 2024; accumulated deficit reached $61.5M.

• Cash at year-end 2025 was $866K, with a working capital deficit of $1.7M.

• Auditor's report expresses substantial doubt about ability to continue as a going concern.

Use of proceeds and capital allocation

• Proceeds from the White Lion agreements may total up to $10M from stock sales and $10M from warrant exercises.

• Funds will be used to repay outstanding debt, terminate a prior equity line, and for general corporate purposes including working capital.

• Management retains broad discretion over allocation of proceeds.