{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-086824","form_type":"8-K","ticker":"GRDX","cik":"0001604191","company_name":"GridAI Technologies Corp.","filed_at":"2024-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.735980+00:00","generated_at":"2026-05-31T11:46:40.167735+00:00","sec_items":["2.04","3.01","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Entero Therapeutics faces $7M debt acceleration, board resignations, workforce cuts, R&D pause","bullets":["ImmunogenX subsidiary received default notice accelerating $6,997,583 in obligations under Credit Agreement.","Directors Charles Casamento and Terry Coelho resigned Aug 2; audit committee now non-compliant with Nasdaq Rule 5605(c)(2).","CEO James Sapirstein and President Jack Syage terminated; Sapirstein becomes consultant at $400/hour for 6 months.","Company terminated all non-essential employees, vacated Boca Raton office, and paused non-essential R&D activities.","Exploring strategic alternatives including capital raising, restructuring debt, and other options to maximize stakeholder value."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-086824","json":"https://secwatch.observer/filing/0001104659-24-086824.json","markdown":"https://secwatch.observer/filing/0001104659-24-086824.md","text":"https://secwatch.observer/filing/0001104659-24-086824.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604191/000110465924086824/0001104659-24-086824-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604191/000110465924086824/tm2421105d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T11:46:40.167735+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":"601ff34c52","claim":"Jack Syage was terminated as President at GridAI Technologies Corp..","evidence_excerpt":"and (ii) the offer letter, dated March 13, 2024, by and between the Company and President Jack Syage","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465924086824/0001104659-24-086824-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"8f5329cd0f","claim":"Charles J. Casamento resigned as Director at GridAI Technologies Corp..","evidence_excerpt":"On August 2, 2024, Charles J. Casamento and Terry Coelho resigned as members of the Board of the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465924086824/0001104659-24-086824-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9f6a81dc7c","claim":"James Sapirstein was terminated as Chief Executive Officer at GridAI Technologies Corp..","evidence_excerpt":"the Board approved the termination of (i) the employment agreement, dated October 8, 2019, by and between the Company and Chief Executive Officer James Sapirstein","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465924086824/0001104659-24-086824-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"d4f9e9d485","claim":"Terry Coelho resigned as Director at GridAI Technologies Corp..","evidence_excerpt":"On August 2, 2024, Charles J. Casamento and Terry Coelho resigned as members of the Board of the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465924086824/0001104659-24-086824-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}