secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0001104659-25-075970
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Entero Therapeutics raises $3M in private placement; appoints two new directors
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- Gross proceeds of $3.0M from sale of pre-funded warrants and common warrants priced at $0.6149 per unit.
- $1M paid at closing (Aug 11, 2025); remaining $2M due upon effectiveness of resale registration statement.
- Pre-funded warrants exercisable at $0.00001; common warrants at $0.3649, expire 5 years after registration effective.
- Geordan Pursglove and Jason Sawyer appointed to Board effective Aug 11, 2025; each receives $2,500/month cash retainer.
- Net proceeds for general corporate purposes and working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465925075970/0001104659-25-075970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465925075970/tm2523050d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-075970

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