CID HoldCo, Inc. develops an asset tracking platform that push the limits of near real-time precision-based location technology. The company's platform leverages the technologies, including the patented passive and active RFID tracking solutions, low power edge camera platforms utilizing artificial intelligence, enabling users to give accuracy to all mapping technologies. It serves various industries, including construction, military, mining, retail, warehousing, and manufacturing. The company is headquartered in Las Vegas, Nevada.
Dot Ai Announces Delisting Notice and Intention of Appeal
Dot Ai received a Staff Determination from Nasdaq stating that its common stock will be delisted for failing to meet the $50 million minimum market value of listed securities requirement.
The company intends to appeal the decision by requesting a hearing before a Nasdaq Hearings Panel by August 13, which will stay the suspension of its securities pending the panel's written decision.
While the company previously regained compliance with the minimum bid price requirement, there is no assurance the Hearings Panel will rule in its favor or that delisting will be avoided.