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CID Holdco issues $287,500 senior secured convertible note to White Lion Capital

PUBT·04/30/2026 19:20:40
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CID Holdco issues $287,500 senior secured convertible note to White Lion Capital
  • CID Holdco completed first closing under April 17, 2026 note purchase agreement with White Lion Capital.
  • Company issued senior secured convertible promissory note with original principal amount USD 287,500, issued at 20% original issue discount.
  • Transaction delivered USD 230,000 in cash proceeds, with USD 20,000 withheld for legal document fees.
  • Proceeds must be used for scheduled monthly payments under CID Holdco senior secured convertible note to J.J. Astor & Co. under Dec. 4, 2025 loan agreement.
  • Note carries 8% annual interest, matures six months from issue date, secured by second-priority lien behind J.J. Astor collateral package.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CID Holdco Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-050104), on April 30, 2026, and is solely responsible for the information contained therein.