---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-048544"
form_type: "8-K"
ticker: "GRDX"
cik: "0001604191"
company_name: "GridAI Technologies Corp."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T08:48:36.490679+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Entero Therapeutics subsidiary settles litigation, restructures $7.9M debt with $5.5M payment and new revolving loan

## Summary
- ImmunogenX subsidiary settled lawsuit with Mattress Liquidators; guarantors paid $5.5M of ~$7.9M owed on Apr 9, 2025.
- New revolving loan of $2.44M to ImmunogenX matures Apr 9, 2028; security interest in subsidiary released.
- Lawsuit to be dismissed with prejudice; ImmunogenX responsible for ~$62,000 in plaintiff's legal fees.
- Annual meeting June 27, 2025; stockholder proposals/director nominations due by May 23, 2025.

## SEC filing metadata
- accession: 0001104659-25-048544
- form_type: 8-K
- ticker: GRDX
- cik: 0001604191
- company_name: GridAI Technologies Corp.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 5.08, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604191/000110465925048544/0001104659-25-048544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604191/000110465925048544/tm2515026d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-048544
- JSON: https://secwatch.observer/filing/0001104659-25-048544.json
- Plain text: https://secwatch.observer/filing/0001104659-25-048544.txt

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