secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K
Filed at:   2026-04-24T23:59:59+00:00
Accession:  0001104659-26-048549
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

GridAI receives loan default demand for $1.01M from lender
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- Demand letter received April 1, 2026, asserts default on $700,000 principal under Revolving Loan Agreement.
- Total demanded sum of $1,014,675 includes principal, interest, and a 20% default penalty.
- Company is evaluating the matter and is in active discussions with the lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926048549/0001104659-26-048549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926048549/tm2612683d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-048549

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