{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-124092","form_type":"8-K","ticker":"GRDX","cik":"0001604191","company_name":"GridAI Technologies Corp.","filed_at":"2022-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.378441+00:00","generated_at":"2026-06-21T10:15:55.405098+00:00","sec_items":["1.01","9.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FWBI settles FWB stockholder lawsuit, pays $4.5M cash, extinguishes $12.5M obligations","bullets":["Paid $1.5M upfront (July 29), $1M second (Sep 9), $2M final (Nov 30); total $4.5M cash to former FWB stockholders.","Obligation to pay ~$12.5M in fixed payments extinguished upon second payment.","Former stockholders eligible for milestone payments on adrulipase (pilot study and Phase 3/First Commercial Sale).","Future sale/license of adrulipase or niclosamide triggers % of Aggregate Consideration to former stockholders, subject to capped total.","Obligation to develop niclosamide deferred for 24 months from July 29, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-124092","json":"https://secwatch.observer/filing/0001104659-22-124092.json","markdown":"https://secwatch.observer/filing/0001104659-22-124092.md","text":"https://secwatch.observer/filing/0001104659-22-124092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604191/000110465922124092/0001104659-22-124092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604191/000110465922124092/tm2231867d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T10:15:55.405098+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b8db4e3a9ad7f964bc64267d527eb67022b921a3","claim":"GridAI Technologies Corp. entered into Settlement Agreement with Fortis Advisors LLC and certain individuals (effective 2022-11-30).","evidence_excerpt":"Effective November 30, 2022, the Company, the Representative and certain individuals entered into a settlement agreement (the “Settlement Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465922124092/0001104659-22-124092-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Fortis Advisors LLC and certain individuals"},{"label":"Effective","value":"2022-11-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}