secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K/A
Filed at:   2026-04-13T23:59:59+00:00
Accession:  0001104659-26-042177
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GridAI Technologies provides acquired GridAI audited financials: $3.3M net loss, going concern
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926042177/0001104659-26-042177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926042177/tm2611367d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-042177

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