secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001104659-24-060689
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

First Wave BioPharma raises ~$1.1M in registered direct offering priced at $2.95/share
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- Gross proceeds expected ~$1.1M; net proceeds ~$0.9M after agent fees.
- Offering includes 366,000 shares/pre-funded warrants at $2.95 and warrants for 732,000 shares at $2.70.
- Warrants are immediately exercisable, 6-year term, exercise price $2.70.
- Proceeds to be used for working capital and general corporate purposes.
- Closing expected on or about May 14, 2024, subject to customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465924060689/0001104659-24-060689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465924060689/tm2414315d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-060689

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