other_material
confidence high
sentiment negative
materiality 0.70
GridAI Technologies provides acquired GridAI audited financials: $3.3M net loss, going concern
GridAI Technologies Corp.
- GridAI net loss of $5.3M for inception-to-Sept 2025; $3.3M loss attributable to GridAI on $139K revenue.
- Total assets $2.2M vs current liabilities $8.7M; working capital deficit of $7.6M.
- Cash only $333K; $7.0M deferred consideration payable due from GridAI's AMPx acquisition.
- Auditor flags substantial doubt about going concern; negative equity of $6.5M.
- GridAI acquired 51% of AMPx UK Holdings on Feb 28, 2025; deal closed Sept 30, 2025.