$DAIC

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Dot Ai Retires Convertible Notes, Secures New Financing

Dot Ai (DAIC) has retired about $867,000 of convertible promissory notes held by White Lion Capital and secured an additional $500,000 through a convertible note from a potential new investor, the company said Thursday.Dot Ai said retiring the White Lion notes eliminates the related debt, releases associated security interests and simplifies the company's capital structure.The company said the new funding will support operating initiatives and general corporate purposes.Price: $1.88, Change: $+0.03, Percent Change: +1.62%

$DAIC

Wire28d ago

Top Midday Decliners

Cognyte Software (CGNT) shares sank 22% after the company reported a year-over-year slump in fiscal Q1 non-GAAP earnings on Wednesday, taking the shine out of sales growth.More than 2.26 million shares of the company traded intraday compared with a daily average of about 579,000.CID HoldCo (DAIC), which does business as Dot Ai, is exploring a range of strategic alternatives, including, but not limited to, a sale of the company, a merger or other business combination, a strategic partnership or joint venture, licensing arrangements, or a liquidation and dissolution.Shares slumped 17% as intraday trading volume increased to over 351,000 from a daily average of about 93,000.Susquehanna adjusted its price target for Global Payments (GPN) shares to $111 from $119 while maintaining its positive rating.Shares of Global Payments traded 8% lower, with intraday trading volume rising to over 7.68 million from a daily average of roughly 3.32 million.Price: $68.01, Change: $-6.02, Percent Change: -8.13%

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