GridAI Technologies Corp. raises ~$7.8M in private placement of common stock and warrants

GridAI Technologies Corp.

Gross proceeds of ~$2.54M: 74,000 shares, 1,196,001 pre-funded warrants at $0.00001, and 1,270,001 common warrants at $2.00/unit.
Gross proceeds of ~$5.25M: 87,260 shares, 1,745,199 pre-funded warrants, and 1,832,459 common warrants at $2.865/unit.
Net proceeds for general corporate purposes, working capital, and debt repayment. Closing expected May 18, 2026.
Common warrants exercise prices range $2.56–$2.89 per share, expire five years after resale registration effective date.
Registration rights agreement: file resale registration statement within 15 days after closing; 80% of $5.25M proceeds deferred until SEC effectiveness.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

GridAI Technologies Corp. entered into Purchase Agreements with purchasers identified therein valued at approximately $2,540,000 (effective 2026-05-08).

Action: entry
Agreement: equity purchase
Counterparty: purchasers identified therein
Value: approximately $2,540,000
Effective: 2026-05-08

Exact text from the filing

On May 8, 2026, May 11, 2026 and May 12, 2026, GridAI Technologies Corp. (the “Company”) entered into securities purchase agreements (the “Purchase Agreements”) with purchasers identified therein (each such purchaser, a “Purchaser” and, collectively, the “Purchasers”) pursuant to which the Company agreed to sell to the Purchasers in private placements an aggregate of (i) 74,000 shares of common stock, (ii) pre-funded warrants to purchase up to an aggregate of 1,196,001 shares of common stock (the “Pre-Funded Warrants”) and (iii) common stock purchase warrants to purchase up to an aggregate of 1,270,001 shares of common stock (the “Common Warrants”) for gross proceeds to the Company of approximately $2,540,000.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

GridAI Technologies Corp. entered into Additional Purchase Agreement with purchasers identified therein valued at approximately $5,250,000 (effective 2026-05-11).

Action: entry
Agreement: equity purchase
Counterparty: purchasers identified therein
Value: approximately $5,250,000
Effective: 2026-05-11

Exact text from the filing

On May 11, 2026, the Company entered into a securities purchase agreement (the “Additional Purchase Agreement”) with the purchasers identified therein (each such purchaser, a “Purchaser” and, collectively, the “Purchasers”) pursuant to which the Company will sell to the Purchasers in private placements an aggregate of (i) 87,260 shares of common stock, (ii) pre-funded warrants to purchase up to an aggregate of 1,745,199 shares of common stock (the “Pre-Funded Warrants”) and (iii) common stock purchase warrants to purchase up to an aggregate of 1,832,459 shares of common stock (the “Common Warrants”) for gross proceeds to the Company of approximately $5,250,000.

View on SEC.gov

242 material agreements filed in the last 30 days. Browse all material agreements →

GridAI Technologies Corp. filing history →

Source: SEC EDGAR

accession 0001104659-26-061136

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