Aug. 24 at 10:00 PM
$DAIC Lmao is this company even exist anymore? crazy shit lol
,,On August 12, 2026, the Company received a Notice of Default and Demand to Assemble Collateral (the “Default Notice”) from counsel to LHT I. The Default Notice states that, as a result of the Company’s numerous failures to make the required Minimum Monthly Installment Payments beginning in January 2026, coupled with the staff determination of delisting made by Nasdaq effective August 6, 2026, the Company is in default of its obligations under the Loan Agreement. Specifically, LHT I alleges that the Company is in breach of Sections 5(a)(i) and 5(a)(v) of the Note.
According to the Default Notice, as of August 12, 2026, the Default Amount owed under the Loan Agreement is
$1,057,417.37, inclusive of attorneys’ fees and costs.
The Company expects the LHT I to proceed with foreclosure on the Company’s assets, which will result in the transfer of a material portion of the Company’s operations and assets."
