{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-064500","form_type":"8-K","ticker":"GRDX","cik":"0001604191","company_name":"GridAI Technologies Corp.","filed_at":"2026-05-20T20:06:01+00:00","discovered_at":"2026-05-20T20:07:00.368481+00:00","generated_at":"2026-05-20T20:08:23.378750+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"GridAI settles $1.03M debt with $800K cash and 71,482 common shares at $3.25/share","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-064500","json":"https://secwatch.observer/filing/0001104659-26-064500.json","markdown":"https://secwatch.observer/filing/0001104659-26-064500.md","text":"https://secwatch.observer/filing/0001104659-26-064500.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604191/000110465926064500/0001104659-26-064500-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604191/000110465926064500/tm2615206d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T20:08:23.378750+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"249740613edb18a79bae9b05af987f21c23bcec7","claim":"GridAI Technologies Corp. entered into Debt Settlement and Subscription Agreement with 1396974 BC Ltd. (effective 2026-05-14).","evidence_excerpt":"On May 14, 2026, the Company and the Lender entered into a Debt Settlement and Subscription Agreement (the “Settlement Agreement”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604191/000110465926064500/0001104659-26-064500-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"1396974 BC Ltd."},{"label":"Effective","value":"2026-05-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}