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.

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