Dot Ai Completes $65 Million All-Stock Acquisition of Envoy Technologies
Key Highlights
- ➤Dot Ai completes Envoy acquisition in all-stock transaction valued at approximately $65 million
- ➤Envoy’s existing $12.5 million convertible note remains outstanding and will convert under conditions
- ➤Dot Ai says acquisition satisfies Nasdaq’s $2.5 million minimum stockholders’ equity requirement
- ➤BladeRanger expected to hold majority of Dot Ai common stock after conversions
- ➤Envoy operates all-electric carsharing across U.S. residential, hospitality and campus properties
Expert Statements
Edmund S. Nabrotzky, Chief Executive Officer of Dot Ai
“Dot Ai has spent years building technology around the movement and intelligence of physical assets.”
Edmund S. Nabrotzky, Chief Executive Officer of Dot Ai
“Envoy expands our reach into shared mobility, creating new opportunities to apply Dot Ai’s asset-intelligence technology in a growing market.”
Edmund S. Nabrotzky, Chief Executive Officer of Dot Ai
“This closing puts Dot Ai on a stronger foundation, addresses the stockholders’ equity requirement in front of us with Nasdaq, and gives us a platform we can grow.”
Shmulik Yannay, CEO of BladeRanger
“Car access is becoming part of the amenity package in the same way residents and guests expect a gym, a pool or Wi-Fi.”
Shmulik Yannay, CEO of BladeRanger
“Envoy has been building toward that shift for years.”
Shmulik Yannay, CEO of BladeRanger
“This transaction gives us an opportunity to put that model in front of more owners and operators and make shared mobility a much more common part of the places people live and stay.”
Charles Maddox, Chief Financial Officer and Chief Operating Officer of Dot Ai
“What stood out to me about Envoy is how much of the difficult work has already been done.”
Charles Maddox, Chief Financial Officer and Chief Operating Officer of Dot Ai
“The technology is built, customers are using it and the model has been deployed across multiple markets.”
Charles Maddox, Chief Financial Officer and Chief Operating Officer of Dot Ai
“The question was never whether Envoy works.”
Charles Maddox, Chief Financial Officer and Chief Operating Officer of Dot Ai
“With the acquisition closed, our focus turns to funding that growth and putting Dot Ai’s technology to work across Envoy’s fleet.”
* Adds an established, revenue-generating electric vehicle carsharing business serving residential communities, hotels and resorts across the United States * Positions Dot Ai to support Envoy’s growth while extending its asset-intelligence technology into shared mobility WILMINGTON, DELAWARE, Oct. 12, 2026 (GLOBE NEWSWIRE) -- CID HoldCo, Inc., doing business as Dot Ai (Nasdaq: DAIC) (link) (“Dot Ai” or the “Company”), today announced that it has completed the acquisition of Envoy Technologies, Inc. (“Envoy”) from BladeRanger Ltd. (TASE: BLRN) (link) in an all-stock transaction valued at approximately $65 million, based on an agreed reference price of $6.00 per share of Dot Ai common stock. The transaction also involved Blink Charging Co. (Nasdaq: BLNK) (link), the holder of an outstanding convertible note issued by Envoy.
With the acquisition complete, Dot Ai now owns an established, revenue-generating business with an existing customer base and vehicles operating across the United States. Envoy offers all-electric carsharing as an on-site amenity at residential communities, hotels, resorts and campus properties across the United States. Residents and guests reserve vehicles by the hour or day through the Envoy app, while Envoy handles insurance, maintenance and day-to-day operations. Property owners gain a new amenity and a potential new revenue stream without buying or managing vehicles themselves.
Get started
Create a free account to read the full story.