GridAI raises ~$8.5M in private placement of common stock and warrants

GridAI Technologies Corp.

Gross proceeds of ~$8.5M from sale of 664,598 shares, 1,187,325 pre-funded warrants, and 1,851,923 common warrants.
Combined purchase price per unit (share or pre-funded warrant + common warrant) is $4.59.
Closing expected July 7, 2026; 5% of proceeds paid at closing, 95% upon SEC effectiveness of resale registration statement.
Net proceeds to be used for general corporate purposes, including acquisitions, debt repayment, and working capital.
Common warrants exercisable at $4.47 per share, expire five years after resale registration effective date.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.