secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0001104659-25-101519
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Entero Therapeutics enters up to $5M securities purchase agreement with initial $500k closing
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- Initial closing of $500k non-interest bearing promissory note due one year and one day from issuance.
- Warrants to purchase up to 1.52M shares at $2.50/share, exercisable after stockholder approval.
- Company may hold subsequent closings for remaining $4.5M through Final Closing Date.
- Proceeds for general corporate purposes, including working capital and potential acquisitions.
- Note is not convertible; maturity may be extended in one-year increments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465925101519/0001104659-25-101519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465925101519/tm2529176d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-101519

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