CID Holdco, Inc.

Company identity

• CID Holdco, Inc. (the “Company,” “CID Holdco,” or “CID”), formerly SEE ID Inc. dba Dot AI and the legacy SEE ID, was formed in Delaware and is headquartered in Las Vegas, Nevada.
• Focus: transform operations by optimizing safety, security, and efficiency through in-process tracking of assets, vehicles, and people.

Core platform and technology

• Product: Dot Cloud SaaS — a software-as-a-service platform that provides real-time tracking and visibility of high-value assets from a single application.
• Edge and AI components:
  • AI Cameras: edge cameras that recognize objects (boxes, people, forklifts) and can overlay observed objects with trackable IDs (RFID/barcode) to improve asset tracking.
  • Rules Engine: enforces user-defined operational rules in real time (e.g., dock access, inventory thresholds, workflow constraints) and supports alarms and I/O triggers.
  • Enhanced Workflows: AI-assisted tasks (Pick, Put, Pack, Inventory, Inspect) with real-time prioritization and learning capabilities to improve throughput.
  • Recipe concept: a metadata framework that encodes sequences of actions, conditions, and resource requirements for handling assets; the AI can optimize these recipes over time.
• Data and integration:
  • Asset, vehicle, and yard tracking data streams integrate with customers’ ERP/MES/WMS and other systems; an edge module is included in many deployments.
  • The company may monetize non-personal data streams (non-PII) under current EULAs and contracts.
• Hardware and components:
  • Passive RFID solutions, Bluetooth/5G integration, and long-range wireless capabilities (mesh networks; battery-powered readers).
  • Hardware is manufactured through the Puerto Rico subsidiary (Dot Works) and sourced from suppliers such as Wiliot, Arshon, and Identiv.

Use cases and applications

• Vehicle inspection and gate/dock security: confirm asset presence before departure, enable automatic access control, and support movement traceability.
• Inventory management: real-time inventory sweeps with readers on pallets, shelves, or personnel to provide location data and reduce legacy logistics costs.
• Asset and personnel tracking with two-layer authentication: combine tag data with AI camera verification for improved access control and security.
• Collision avoidance and safety: interface with vehicles (including forklifts) to prevent collisions; optional integration with governor systems.
• Industry deployments: manufacturing and warehousing; mining and construction; military logistics; healthcare (medical logistics); airport ground support and yard management; outdoor/open-space asset tracking.
• Edge and data-processing strategy: an edge-execution intelligence module integrates with enterprise systems to improve process execution with AI-driven insights.

Product and market positioning

• Positioning: a next-generation asset visibility and process-execution solution that combines precise location data with AI-assisted decision-making at the edge.
• Channel and ecosystem strategy: partner with ERP/MES/WMS providers, automation companies, and system integrators; focus on channel development and interoperability with third-party software and devices.

Customers and revenue characteristics

• Customer concentration: revenue is concentrated among a limited number of customers, with a significant portion derived from one customer.
• Revenue:
  • 2025: $5,804,369
  • 2024: $172,661
• Accounts receivable and credit: customer concentration noted; no material credit losses expected due to customer strength and payment history (per the filing).

Growth and strategic initiatives

• Growth strategies: targeted customer acquisition, expansion within existing accounts, rapid product releases and customer-driven innovation, channel development, technology partnerships and integrations, and international expansion (Germany/Switzerland in the near term; India planned for 2026).
• Data monetization: potential future revenue from non-PII data streams generated by asset tracking and process visibility.
• M&A: selective acquisitions to broaden use cases and integration capabilities.

Corporate footprint and operations

• Headquarters and offices:
  • Las Vegas, Nevada: primary go-to-market, demonstrations, and partner activities.
  • Bethesda, Maryland: general & administrative leadership, East Coast demonstrations, and training.
• R&D and software:
  • Worcester, Massachusetts: R&D and lab space for integration and testing.
  • Bangalore, India: core software team.
• Manufacturing:
  • Manatí, Puerto Rico: hardware assembly and testing via manufacturing subsidiary Dot Works.
• Global expansion planning: products designed to international standards; planned expansion to Southern Germany or Northern Switzerland and India (2026).
• Facility footprint (as of 12/31/2025):
  • Bethesda, MD: 2,969 sq ft under a 63-month lease
  • Las Vegas, NV: 2,000 sq ft under a monthly lease
  • Worcester, MA: 600 sq ft under a monthly lease
  • Manatí, PR: 16,000 sq ft under a five-year term after a June 2025 long-term lease
• Employees: 68 full-time equivalent employees as of December 31, 2025

Financial snapshot

• Revenue:
  • 2025: $5,804,369
  • 2024: $172,661
• Liquidity and capitalization:
  • Cash: $865,624 as of 12/31/2025
  • Working capital deficit: $1,730,095 as of 12/31/2025
• Financing and capital structure:
  • Business Combination: completed on June 18, 2025, including a merger and PIPE financing of $13,294,143 (3,323,536 PIPE Shares at $4.00 each); $2,456,500 of the PIPE investment represented conversion of bridge loans.
  • Equity Line of Credit (ELOC) with New Circle Principal Investments LLC: up to $50 million in common stock with conditional purchase notices and a resale registration statement; 5,524,624 shares currently registered for resale; 2025 proceeds included $78,516, $159,500, and $317,000 from settlements.
  • Senior Secured Convertible Loan Agreement with J.J. Astor & Co. (December 2025): facility of up to $5,000,000 in four tranches; initial loan evidenced by a Senior Secured Convertible Note of $2.6 million (funded $1.84 million at closing); monthly amortization beginning December 31, 2025; lender issued warrants; security interests and covenants apply.
  • New Circle and other financing arrangements interact with the ELOC and loan payments and carry potential dilution from equity and convertible debt upon draws.
• Public company considerations:
  • Emerging Growth Company (JOBS Act): the Company is eligible for certain exemptions and has opted in to the extended transition period for new accounting standards.
  • Nasdaq listing: as of 2/5/2026, deficiency notices were received for minimum bid price, market value, and publicly held shares; a 180-day window was provided to regain compliance.

Regulatory, IP, and risk considerations

• Regulatory: privacy and data protection obligations, export controls, anti-corruption (FCPA) compliance, and data localization and cross-border transfer requirements.
• Intellectual property: 2 issued U.S. patents and 2 U.S. patent applications as of 12/31/2025; reliance on trade secrets, confidential information, and open-source software considerations.
• Cybersecurity and operations: emphasis on incident response, data protection, and third-party risk management.
• Public company risks: governance, internal controls, and potential going-concern considerations given the liquidity position.

Summary

CID Holdco is developing a real-time platform (Dot Cloud SaaS) for tracking assets, vehicles, and personnel with edge AI capabilities (AI Cameras, Rules Engine, Enhanced Workflows). The solution integrates with enterprise systems, uses a hardware ecosystem manufactured in Puerto Rico, and targets a range of industries. The company reported 2025 revenue of $5.8 million, 68 full-time equivalent employees as of year-end 2025, and a cash balance of $865,624 with a working capital deficit of $1.73 million. Revenue is concentrated among a limited number of customers, with a large portion tied to a single customer.