CID HoldCo Gets Nasdaq Delisting Notice Over $50 Million Value Rule

What happened

CID HoldCo, Inc., a Las Vegas-based company whose business is classified as computer integrated systems design, disclosed in a Form 8-K filed with the Securities and Exchange Commission on August 12, 2026 that it received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC on August 6, 2026. According to the filing, Nasdaq staff determined to delist the company's common stock under Nasdaq Listing Rule 5450(b)(2)(A) because the company did not satisfy the minimum Market Value of Listed Securities requirement of $50 million.

The 8-K sets out a sequence of earlier notices. On February 5, 2026, the company received deficiency notices from Nasdaq stating that its market value of listed securities was below $50 million and that the closing bid price of the common stock had been below $1.00 per share for 30 consecutive business days, the minimum required for continued listing on the Nasdaq Global Market under Listing Rule 5550(a)(2). On February 10, 2026, Nasdaq sent an additional notice that the company's securities had not maintained a minimum market value of publicly held shares of $15 million required under Listing Rule 5450(b)(2)(C).

The filing states the company was given 180 calendar days to regain compliance: until August 4, 2026 for the market value and minimum bid price requirements, and until August 10, 2026 for the publicly held shares requirement. On June 23, 2026, Nasdaq notified the company that it had regained compliance with the minimum bid price requirement, because the closing bid price had been $1.00 or greater for at least 12 consecutive business days from June 8 to June 22, 2026, and that matter was closed. The company did not regain compliance with the market value requirement by the August 4, 2026 deadline, and Nasdaq issued the staff determination on August 6, 2026.

The filing says the company has the right to appeal by requesting a hearing before a Nasdaq Hearings Panel. The request must be submitted by 4:00 p.m. Eastern Time on August 13, 2026, and carries a $20,000 hearing fee. According to the filing, the company plans to file that appeal and pay the fee.

Where the stock stands

The common stock closed at $2.91 on the event date, down 1.69% from the prior close of $2.96, according to the price data provided. The shares trade on Nasdaq under the symbol DAIC. The company also has warrants listed under DAICW, each exercisable for one share of common stock at an exercise price of $287.50 per share, a figure the filing notes reflects a reverse stock split that took effect at 4:01 p.m. Eastern Time on May 29, 2026, as described in an 8-K filed on May 28, 2026.

The filing does not attribute the day's share price move to any cause, and the provided sources do not establish one.

What this means

Nasdaq maintains several numeric requirements a company must keep meeting to stay listed. Market value of listed securities, or MVLS, is the total dollar value of a company's shares trading on the exchange, calculated by multiplying the share price by the number of listed shares. That number moves every day with the share price, so a company whose stock falls far enough can drop below the threshold even without issuing or retiring any shares. Minimum market value of publicly held shares, or MVPHS, works the same way but counts only the shares available to the public rather than those held by insiders or affiliates.

Rule 5450(b)(2)(A), the rule cited in the delisting notice, is one of the continued-listing standards for the Nasdaq Global Market. It requires MVLS of at least $50 million. The company had been given until August 4, 2026 to climb back above that level and, per the filing, did not. The earlier bid price issue — the $1.00 minimum — was resolved on June 23, 2026, when the stock traded at or above $1.00 long enough to satisfy Nasdaq. That matters here only because the company showed it can cure one deficiency; it did not cure the other.

A Form 25-NSE is the filing Nasdaq makes with the SEC to formally remove a security from listing. That filing has not happened. Under Nasdaq's hearing process, requesting a hearing stays both the suspension of trading and the Form 25-NSE filing until a Hearings Panel issues a written decision. The company says it intends to request the hearing by the August 13, 2026 deadline. Unless Nasdaq denies the request or the panel rules against the company, the common stock stays listed on Nasdaq during the appeal.

The filing is explicit about the limits: there can be no assurance the company will be granted the hearing, that the panel will decide in its favor, or that it will be able to show compliance with the listing criteria within whatever time the panel grants. The panel's decision will determine the future of trading of the common stock.

About the disclosure

The Form 8-K uses Item 3.01, which is the item companies use to report a delisting notice or a failure to satisfy a continued listing rule; Item 7.01, Regulation FD Disclosure; and Item 9.01, for exhibits. Regulation FD is the rule that requires companies to disclose material information to the public when it has been, or is about to be, shared selectively with certain outside parties. The company said it issued a press release about the Nasdaq staff determination on August 12, 2026, filed as Exhibit 99.1. The filing states the exhibit is furnished rather than filed, so it is not automatically incorporated into other SEC filings.

The 8-K is signed by Edmund Nabrotzky, chief executive officer, and dated August 12, 2026. The underlying delisting notification was received August 6, 2026.