secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001104659-22-121003
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Wave BioPharma raises $2.5M in private placement with warrants
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- Gross proceeds ~$2.5M from sale of pre-funded warrants (4.166M) and common warrants (8.333M) at $0.60/unit.
- Common warrants exercisable at $0.7685 per share upon stockholder approval; expire 5.5 years after.
- Existing warrants for 3.737M shares amended to $0.7685 strike and extended term, contingent on same approval.
- H.C. Wainwright acting as exclusive placement agent with 7% cash fee (~$175K).
- Closing expected November 23, 2022; proceeds for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465922121003/0001104659-22-121003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465922121003/tm2231091d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-121003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer