LinkedInCompany Overview
CID HOLDCO INC (Nasdaq: DAIC) is engaged in the design and manufacture of attachments for skid steers, compact track loaders, compact tractors, and mini-excavators. Established in 2003 and headquartered in Denton, North Carolina, the company employs a “smart factory” model and provides both office and remote-working opportunities internationally. CID HOLDCO focuses on product quality, competitive pricing, and customer service to cater to end-users in the construction, agricultural, and landscaping sectors.
Corporate Structure and Experience
CID HOLDCO maintains a workforce of 51–200 employees, combining mid-sized operational capabilities with specialized manufacturing expertise. The company’s headquarters houses an advanced production facility featuring digital monitoring and automation, allowing for real-time quality control. The global reach extends CID’s presence to dealers and distributors, ensuring localized support for sales, parts, and service.
Smart factory by Lenny Kuhne
Developments and Regulatory Filings
• June 18, 2025: Nasdaq published Equity Corporate Actions Alert #2025-321 regarding the business combination of ShoulderUp Technology Acquisition Corp. (OTC: SUAC/W) and CID HOLDCO INC (DAIC/W).
• December 11, 2025: CID HOLDCO filed a Form 8-K disclosing entry into a material definitive agreement (Item 1.01), new financial obligations (Item 2.03), unregistered sales of equity securities (Item 3.02), and financial statements and exhibits (Item 9.01).
• December 18, 2025: A subsequent Form 8-K reported changes in executive officers (Item 5.02), technology developments (Item 7.01), and updated financial exhibits (Item 9.01).
• December 23, 2025: The company filed an amendment (8-K/A) to clarify disclosures concerning officer appointments (Item 5.02) and exhibit listings (Item 9.01).
Financial and Strategic Analysis
As of December 26, 2025, CID HOLDCO’s stock price was listed at USD 1.14, indicating a 53.80% increase on a daily volume of 432,715 shares. The bid was USD 1.51 (size × 100), while the ask was USD 1.66 (size × 100). Key financial metrics include:
| Metric | Value |
|---|---|
| Price | 1.14 USD |
| Daily Change | +53.80% |
| 52-Week Range | 0.65 – 75.00 USD |
| Market Capitalization | 32.78 M USD |
| Revenue (TTM) | 446.61 K USD |
| Net Income (TTM) | – 8.73 M USD |
| EPS (TTM) | – 0.70 USD |
| Price/Sales (TTM) | 70.52Ă— |
| Price/Book (MRQ) | 41.16Ă— |
| Enterprise Value/Revenue | 68.57Ă— |
| Cash on Hand (MRQ) | 344.9 K USD |
| Beta (5-Year) | 0.27 |
The valuation multiples indicate significant leveraging against lower revenue figures within a SPAC-driven framework. The negative earnings per share and net income reflect ongoing operational challenges. The low beta suggests minimal correlation with broader market fluctuations.
Market Position and Industry Context
CID HOLDCO operates within the attachments segment of the construction and agricultural equipment markets. This sector is shaped by consistent replacement demand and equipment utilization trends. The company's smart factory model and focus on service offer a competitive edge over larger manufacturers and smaller regional players. Industry trends towards automation and precision agriculture may increase demand for specialized attachments, although competition from global manufacturers and aftermarket suppliers remains notable.
TL;DR
As of December 26, 2025, CID HOLDCO INC’s shares rose 53.8% to USD 1.14, influenced by several SEC filings in mid-December detailing executive appointments, financial disclosures, and material agreements. The company is in the process of integrating its business with ShoulderUp Technology Acquisition Corp. while operating at notable valuation multiples in relation to its revenue figures. Future performance is contingent upon successful execution of post-SPAC integration, stability in leadership, and growth in attachment sales within the construction and agricultural equipment markets.
