secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K
Filed at:   2026-05-14T20:01:34+00:00
Accession:  0001104659-26-061136
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926061136/0001104659-26-061136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926061136/tm2614570d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-061136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer