secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001104659-24-031098
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FWBI raises ~$4.0M gross in registered direct offering; issues warrants
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- Gross proceeds ~$4.0M from sale of 525,625 shares (or equivalents) at $7.61/share; net ~$3.6M.
- Concurrent private placement: warrants to purchase up to 525,625 shares at $7.48, 5-year term.
- Roth Capital Partners acting as exclusive placement agent; closing expected March 6, 2024.
- Net proceeds intended for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465924031098/0001104659-24-031098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465924031098/tm248020d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-031098

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