Dot Ai (DAIC) Stock Surges Over 15% After Hours: Why Is It Moving? - CID Holdco (NASDAQ:DAIC)

Dot Ai, Inc. (NASDAQ:DAIC) shares surged more than 15% after hours, rising to $2.13 on Wednesday and offsetting an earlier 4.15% regular-session decline as the Nevada IoT and AI SaaS company outlined strategic moves. The company disclosed two non-binding letters of intent totaling roughly $11 million in proposed transactions. One LOI contemplates up to $5 million in convertible preferred stock funded in three tranches by an undisclosed investor, aimed at working capital and liability discharge during a strategic transition. Separately, DAIC said it is pursuing a divestiture of operating assets to a strategic buyer for up to $6 million in cash, plus about $3 million in assumed liabilities, with the buyer providing a $500,000 secured convertible note for working capital and expenses in exchange for exclusivity. Nasdaq listing remains a closing condition.