M&A: CID Holdco, Inc.

Form Type: S-4/A

Filing Date: 2025-01-07

Corporate Action: Merger

Type: Update

Accession Number: 000121390025001425

Comments: CID Holdco, Inc., through this filing, updates details regarding its business combination agreement with ShoulderUp Technology Acquisition Corp. (SUAC) and SEE ID, Inc., approved by the SUAC board. The agreement includes a two-part merger, where ShoulderUp Merger Sub merges with SUAC, and SEI Merger Sub merges with SEE ID, both transactions aimed at forming CID Holdco as a subsidiary. Details about share exchanges, including common stock and warrants, have been outlined, specifying that SUAC's common stockholders will receive Holdings common stock in a 1:1 exchange. The document also mentions adjustments to shares based on certain conditions. The aim is to list Holdings Common Stock on Nasdaq under specific symbols. The anticipated ownership stake distribution post-merger is estimated, alongside provisions for public stockholders regarding stock redemption.

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