---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-123742"
form_type: "8-K"
ticker: "GRDX"
cik: "0001604191"
company_name: "GridAI Technologies Corp."
filed_at: "2024-11-27T23:59:59+00:00"
generated_at: "2026-05-29T14:16:23.865958+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Entero Therapeutics subsidiary receives default notice; $7.4M debt accelerated

## Summary
- ImmunogenX received default notice on Nov 21, 2024 from lender Mattress Liquidators, Inc., accelerating ~$7.4M in obligations.
- Company disputes default regarding missing separate financials, noting consolidated reports are filed with SEC.
- Cross-default may trigger stockholder notes with Jack Syage and Peter Felker, potentially due immediately.
- Firm paused development, reduced headcount, and is exploring strategic alternatives including merger, sale, or wind-down.
- No assurance of raising capital or restructuring debt; possible U.S. Bankruptcy Code protection if efforts fail.

## SEC filing metadata
- accession: 0001104659-24-123742
- form_type: 8-K
- ticker: GRDX
- cik: 0001604191
- company_name: GridAI Technologies Corp.
- filed_at: 2024-11-27T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604191/000110465924123742/0001104659-24-123742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604191/000110465924123742/tm2429671d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-123742
- JSON: https://secwatch.observer/filing/0001104659-24-123742.json
- Plain text: https://secwatch.observer/filing/0001104659-24-123742.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.