---
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"
generated_at: "2026-05-20T20:08:23.378750+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-064500
- JSON: https://secwatch.observer/filing/0001104659-26-064500.json
- Plain text: https://secwatch.observer/filing/0001104659-26-064500.txt

## Key facts
- Material Agreements
  GridAI Technologies Corp. entered into Debt Settlement and Subscription Agreement with 1396974 BC Ltd. (effective 2026-05-14).
  - Action: entry
  - Agreement: settlement
  - Counterparty: 1396974 BC Ltd.
  - Effective: 2026-05-14
  source text: On May 14, 2026, the Company and the Lender entered into a Debt Settlement and Subscription Agreement (the “Settlement Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604191/000110465926064500/0001104659-26-064500-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.