CID HoldCo, Inc. Provides Market Update and Clarifies Recent Trading Activity
CID 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.
The 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.
Recent 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.
Dot 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.
The Company remains focused on disciplined capital management, operational execution, and building long-term shareholder value.
Further updates will be communicated through official Company channels.
About Dot Ai
At 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.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, including statements regarding anticipated production capacity increases, facility expansion plans, expected order fulfillment, and future business growth. All forward-looking statements are based on Dot Ai's current expectations and beliefs concerning future developments and their potential effects on the company. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and Dot Ai assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
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Dot Ai Contacts, Investors and Media:
ICR, Inc. [email protected]