Business
CID HoldCo, Inc. Provides Market Update and Clarifies Recent Trading Activity
LAS VEGAS--(BUSINESS WIRE)-- CID HoldCo, Inc., doing business as Dot Ai (Nasdaq: DAIC) (“Dot Ai” or the “Company”), an IoT and AI-based SaaS company at the
About this update from Cid Holdco, Inc.
[{"type":"text","content":" LAS VEGAS--(BUSINESS WIRE)--\nCID HoldCo, Inc., doing business as Dot Ai (Nasdaq: DAIC) (“Dot Ai” or the “Company”), an IoT and AI-based SaaS company at the forefront of Asset Intelligence technology, today provided an update in response to recent heavy trading activity in its common stock.\n\n\nThe Company confirms that it is not aware of any undisclosed material adverse events, has not executed any equity dilution transactions, and has not authorized any sales of Company shares by officers or directors in connection with recent market activity.\n\n\nRecent trading volume reflects market dynamics and liquidity conditions common among micro-cap securities and does not reflect any change in the Company’s operating outlook.\n\n\nDot Ai continues to execute on its commercial strategy and expects to provide a business update in the near-term outlining progress across revenue initiatives, customer engagements, and go-to-market execution.\n\n\nThe Company remains focused on disciplined capital management, operational execution, and building long-term shareholder value.\n\n\nFurther updates will be communicated through official Company channels.\n\n\nAbout Dot Ai\n\n\nAt the heart of the technological revolution in asset management and security lies Dot Ai, a trailblazing SaaS service that is defining Asset Intelligence for smart supply chain operations. By harnessing the power of real-time IoT tracking technology and AI-enhanced analytics, Dot Ai stands at the forefront of innovation, offering patented solutions that are not just advanced but transformative. Through relentless research and development, Dot Ai has engineered a suite of technologies that empower organizations to not only streamline their logistics and supply chain processes but also bolster operational security to unprecedented levels. Leveraging state-of-the-art AI engines, cutting-edge 5G RF and BLE technology, and seamless API integrations, Dot Ai transcends traditional boundaries, offering real-time asset visibility and predictive analytics that integrate effortlessly with existing infrastructure. This is not just technology; it's a vision for a more secure, efficient, and connected world. Discover more about how Dot Ai is leading the charge in Asset Intelligence by visiting https://daic.ai.\n\n\nForward-Looking Statements\n\n\nThis press release contains forward-l...