CID HoldCo Announces Enters Definitive Securities Purchase Agreement With Unnamed Investors For Convertible Preferred Stock Investment Of Up To $6M
The purchase agreement is comprised of $2.0 million of Series AA Convertible Non-Redeemable Preferred Stock and $4.0 million of Series B Convertible Non-Redeemable Preferred Stock. The securities purchase agreement also
CID HoldCo is getting money from investors—up to $6 million—by selling special stock that can turn into regular stock later. This shows the company needs cash and found people willing to bet on its future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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