{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-125896","form_type":"8-K","ticker":"GRDX","cik":"0001604191","company_name":"GridAI Technologies Corp.","filed_at":"2023-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.743711+00:00","generated_at":"2026-06-07T12:50:19.235905+00:00","sec_items":["3.03","5.03","5.07","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"First Wave BioPharma announces 1-for-20 reverse stock split effective Dec 18 to regain Nasdaq compliance","bullets":["Stockholders approved all four proposals at Dec 12 special meeting, including reverse split and share increase.","Reverse split ratio set at 1-for-20; effective 12:01 a.m. ET Dec 18, 2023.","Shares outstanding will reduce from ~13.5M to ~675,000; no fractional shares, cash for fractions.","Authorized common shares increased from 50M to 100M.","Purpose is to regain compliance with Nasdaq $1.00 minimum bid price requirement."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-125896","json":"https://secwatch.observer/filing/0001104659-23-125896.json","markdown":"https://secwatch.observer/filing/0001104659-23-125896.md","text":"https://secwatch.observer/filing/0001104659-23-125896.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604191/000110465923125896/0001104659-23-125896-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604191/000110465923125896/tm2332859d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T12:50:19.235905+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":"de6d6bb31079226866e1e13cc03573787c59db53","claim":"GridAI Technologies Corp.: Filed amendment to increase authorized shares and effect a 1-for-20 reverse stock split (effective 2023-12-18).","evidence_excerpt":"On December 13, 2023, the Company filed the Amendment to its Charter with the Secretary of State of the State of Delaware to increase the total number of authorized shares of Common Stock by 50,000,000 shares to 100,000,000 shares and to effect a reverse stock split of its Common Stock at a ratio of 1-to-20 (the “Reverse Stock Split”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465923125896/0001104659-23-125896-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-12-18"}],"fact_type":"governance_change"},{"claim_id":"0464c07f2d07b8ff79973db7a632f63186509cb0","claim":"GridAI Technologies Corp. shareholders approved Approval of the adjournment of the Special Meeting to the extent there are insufficient votes at the Special Meeting to approve any one or more of the foregoing proposals at the 2023-12-12 meeting.","evidence_excerpt":"The votes were cast for this matter as follows: Votes For Votes Against Abstentions 3,833,578 1,139,463 27,691","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465923125896/0001104659-23-125896-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-12-12"}],"fact_type":"shareholder_vote"},{"claim_id":"289c9704c9b53536cd6e0f62ff6e6abdfd1a3cb3","claim":"GridAI Technologies Corp. shareholders approved Adoption and approval of the Amendment to the Company's Charter to effect a reverse stock split of the Company's issued and outstanding shares of Common Stock, at a specific ratio, ranging from one-for-ten (1:10) to one-for-twenty (1:20) at the 2023-12-12 meeting.","evidence_excerpt":"The votes were cast for this matter as follows: Votes For Votes Against Abstentions 3,402,578 1,581,860 16,294","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465923125896/0001104659-23-125896-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-12-12"}],"fact_type":"shareholder_vote"},{"claim_id":"33f7c895210e9e49f4a90fdc2eef7f2a08be9597","claim":"GridAI Technologies Corp. shareholders approved Adoption and approval of the amendment to our Company's Charter to increase the total number of authorized shares of Common Stock by 50,000,000 shares to 100,000,000 shares at the 2023-12-12 meeting.","evidence_excerpt":"The votes were cast for this matter as follows: Votes For Votes Against Abstentions 3,191,201 1,793,825 15,707","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465923125896/0001104659-23-125896-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-12-12"}],"fact_type":"shareholder_vote"},{"claim_id":"ab513a93f6d3aba36d1b96bd1e406cf8bbbd929d","claim":"GridAI Technologies Corp. shareholders approved Ratification of the Company's entry into a securities purchase agreement on July 18, 2023, with certain purchasers and issuance thereto of an aggregate of 610,000 shares of Common Stock, pre-funded warrants to purchase up to 2,675,000 shares, and common warrants to purchase up to 6,570,000 shares at the 2023-12-12 meeting.","evidence_excerpt":"The votes were cast for this matter as follows: Votes For Votes Against Abstentions 1,103,896 601,958 125,522","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465923125896/0001104659-23-125896-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-12-12"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}