GridAI settles $1.03M debt with $800K cash and 71,482 common shares at $3.25/share

GridAI Technologies Corp.

Settlement resolves $1,032,315 owed under Revolving Loan Agreement; avoids default demand.
Cash payment of $800,000 covers principal ($700K) and $100K interest; 71,482 shares satisfy remaining $232,315 interest.
Shares issued at $3.25 per share (5-day VWAP); lender releases all claims upon closing.
Closing must occur within 10 days; otherwise agreement terminates and debt remains enforceable.
Company had previously disclosed default demand letter from lender on April 1, 2026.

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