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Home Artificial Intelligence

Dot Ai Appoints Technology Industry Veteran Avi Cohen to Board of Directors

October 26, 2026
in Artificial Intelligence, GlobeNewswire, Web3
Reading Time: 12 mins read
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WILMINGTON, DELAWARE, Oct. 26, 2026 (GLOBE NEWSWIRE) — CID HoldCo, I c., doi g busi ess as Dot Ai (Nasdaq: DAIC) (“Dot Ai” o the “Compa y”), today a ou ced the appoi tme t of Avi Cohe to its Boa d of Di ecto s. Cohe b i gs exte sive expe ie ce leadi g tech ology compa ies th ough acquisitio s, i teg atio a d expa sio as Dot Ai e te s its ext phase of g owth followi g the ece t $65 millio acquisitio of its wholly ow ed subsidia y, E voy Tech ologies.

As CEO of RR Media, Cohe ove saw a pe iod of g owth that i cluded eco d a ual eve ue of $140.3 millio i 2015, followed by the compa y’s acquisitio by SES S.A. i 2016 i a t a sactio valued at $242 millio . He subseque tly became CEO of MX1, the busi ess fo med th ough the combi atio of RR Media a d SES Platfo m Se vices. His ea lie ca ee i cludes executive leade ship positio s at O bit Tech ologies, KLA Co po atio a d ECI Telecom.

Cohe ‘s boa d expe ie ce spa s semico ducto tech ology, i vestigative a alytics a d co po ate i vestme t st ategy, with oles at Nasdaq-listed Nova (NVMI), Cog yte Softwa e (CGNT) a d ZOOZ St ategy (ZOOZ). His i volveme t ac oss these busi esses b i gs a pe spective shaped by diffe e t tech ology ma kets a d busi ess models.

“Avi b i gs expe ie ce that is pa ticula ly eleva t to whe e we a e today,” said Shmulik Ya ay, CEO of E voy Tech ologies. “He’s led a compa y th ough a sig ifica t acquisitio a d go e o to u the combi ed busi ess. As E voy e te s this ext chapte u de Dot Ai, that fi stha d u de sta di g of how to b i g busi esses togethe a d build o thei st e gths is ext emely valuable.”

“Dot Ai has a oppo tu ity to build o E voy’s established busi ess, its p ope ty elatio ships a d the tech ology suppo ti g its ope atio s,” said Avi Cohe . “I see pote tial to expa d that fou datio while explo i g oppo tu ities ac oss Dot Ai’s b oade tech ology po tfolio. I’m looki g fo wa d to wo ki g with the Boa d a d ma ageme t team to help tu those oppo tu ities i to sustai able g owth.”

Dot Ai (Nasdaq: DAIC) completed its app oximately $65 millio all-stock acquisitio of E voy Tech ologies i Octobe 2026. E voy p ovides o -site elect ic vehicle ca -sha i g se vices to eside tial commu ities, hotels a d eso ts ac oss the U ited States. 

About E voy Tech ologies

E voy p ovides o -site elect ic vehicle ca -sha i g se vices fo eside tial commu ities, hotels, eso ts a d campus p ope ties. Th ough the E voy app, eside ts a d guests ca ese ve sha ed elect ic vehicles by the hou o day, while E voy ma ages i su a ce, mai te a ce a d day-to-day ope atio s. The se vice gives eside ts co ve ie t access to elect ic t a spo tatio without the costs of i dividual vehicle ow e ship a d offe s p ope ty ow e s a additio al ame ity without the espo sibility of ma agi g vehicles.

Headqua te ed i Culve City, Califo ia, E voy is a wholly ow ed subsidia y of Dot Ai (Nasdaq: DAIC).

Fo mo e i fo matio , visit https://www.e voythe e.com.

Fo wa d-Looki g Stateme ts

This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995. Fo wa d-looki g stateme ts i clude all stateme ts that a e ot histo ical facts, i cludi g stateme ts ega di g the a ticipated be efits of the acquisitio of E voy, i cludi g, fo example, the expected expa sio of the Compa y’s comme cial ope atio s a d ma ket p ese ce; oppo tu ities to i t oduce a d i teg ate Dot Ai’s asset-i tellige ce tech ology i to E voy’s existi g platfo m a d ope atio s; the pote tial expa sio of E voy’s elect ic vehicle ca sha i g busi ess i to additio al eside tial, hospitality, campus a d i te atio al ma kets; a ticipated eve ue oppo tu ities a d futu e g owth; the Compa y’s ability to successfully i teg ate E voy’s busi ess a d ope atio s; the Compa y’s belief ega di g its stockholde s’ equity a d its ability to egai a d mai tai complia ce with applicable Nasdaq listi g equi eme ts; the Compa y’s ability to obtai the equi ed stockholde app oval i co ectio with the t a sactio a d the a ticipated co ve sio s of the Se ies C p efe ed stock a d E voy co ve tible ote; a d the Compa y’s ability to suppo t E voy’s ope atio s a d expa sio . All fo wa d-looki g stateme ts a e based o Dot Ai’s cu e t expectatio s a d beliefs co ce i g futu e developme ts a d thei pote tial effects o the Compa y. Fo wa d-looki g stateme ts a e subject to isks a d u ce tai ties — i cludi g the isk that equi ed stockholde , Nasdaq, o egulato y app ovals may ot be obtai ed, that Nasdaq may ot accept the Compa y’s evide ce of complia ce with the stockholde s’ equity equi eme t, that the Compa y may ot successfully i teg ate E voy’s ope atio s, that a ticipated be efits a d sy e gies of the acquisitio may ot be ealized, that additio al fi a ci g may ot be available o acceptable te ms o at all, a d that the Compa y may be u able to egai o mai tai complia ce with applicable Nasdaq listi g equi eme ts — that could cause actual esults to diffe mate ially f om those exp essed i the fo wa d-looki g stateme ts. Reade s a e cautio ed ot to put u due elia ce o fo wa d-looki g stateme ts, a d Dot Ai assumes o obligatio to update o evise these fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise, except as equi ed by law.

Impo ta t I fo matio fo Stockholde s

I co ectio with the p oposed t a sactio s, the Compa y i te ds to file a p oxy stateme t with the SEC. The Compa y also pla s to file othe docume ts with the SEC ega di g the p oposed t a sactio s. Afte the p oxy stateme t has bee clea ed by the SEC, a defi itive p oxy stateme t will be filed with the SEC a d mailed to the stockholde s of eco d of the Compa y. The Boa d will set the eco d date p io to maili g the defi itive p oxy stateme t. STOCKHOLDERS OF THE COMPANY ARE URGED TO CAREFULLY READ THE PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE PROPOSED TRANSACTIONS THAT WILL BE FILED WITH THE SEC IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTIONS. Stockholde s will be able to obtai f ee copies of the p oxy stateme t a d othe docume ts co tai i g impo ta t i fo matio about the Compa y o ce such docume ts a e filed with the SEC, th ough the website mai tai ed by the SEC at http://www.sec.gov.

Pa ticipa ts i the Solicitatio

The Compa y a d its executive office s, di ecto s, othe membe s of ma ageme t a d employees may be deemed, u de SEC ules, to be pa ticipa ts i the solicitatio of p oxies f om the Compa y’s stockholde s with espect to the p oposed t a sactio s. I fo matio ega di g the executive office s a d di ecto s of the Compa y is set fo th i the Compa y’s defi itive p oxy stateme t fo the Compa y’s 2026 a ual meeti g of stockholde s filed with the SEC o Ap il 17, 2026 a d i the Compa y’s A ual Repo t o Fo m 10-K fo the fiscal yea e ded Decembe 31, 2025 filed with the SEC o Ma ch 11, 2026. Mo e detailed i fo matio ega di g the ide tity of pote tial pa ticipa ts, a d thei di ect o i di ect i te ests, by secu ities holdi gs o othe wise, will be set fo th i the p oxy stateme t a d othe mate ials to be filed with the SEC i co ectio with the t a sactio s co templated by the Pu chase Ag eeme t.

No Offe o Solicitatio

This p ess elease is ot a p oxy stateme t o solicitatio of a p oxy, co se t o autho izatio with espect to a y secu ities o i espect of the p oposed t a sactio s a d shall ot co stitute a offe to sell o a solicitatio of a offe to buy a y secu ities, o shall the e be a y sale of secu ities i a y state o ju isdictio i which such offe , solicitatio o sale would be u lawful p io to egist atio o qualificatio u de the secu ities laws of such state o ju isdictio . No offe of secu ities shall be made except by mea s of a p ospectus meeti g the equi eme ts of the Secu ities Act.

# # #

Co tact:DAICCha les Maddox, CFOI vesto s@daic.ai

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