secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001104659-23-032650
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Wave BioPharma raises $4.0M in private placement of common stock and warrants
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- Gross proceeds ~$4.0M; issue of 1,023,018 shares/pre-funded warrants and 2,046,036 common warrants.
- Price $3.91 per share/pre-funded warrant; common warrants exercise price $3.66, 5-year term.
- Pre-funded warrants exercisable at $0.0001; closing expected March 15, 2023.
- Roth Capital Partners acts as exclusive placement agent; proceeds for working capital.
- Company to file resale registration statement with SEC within 30 days or 5 days after annual report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465923032650/0001104659-23-032650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465923032650/tm239569d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-032650

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