secwatch.observer — SEC 8-K summary
======================================

Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K/A
Filed at:   2026-07-07T20:58:41+00:00
Accession:  0001104659-26-081319
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- Sold 108,932 shares, pre-funded warrants for 1,742,991 shares, and common warrants for 1,851,923 shares at $4.59 per unit.
- Gross proceeds ~$8.5M; 5% at closing, 95% upon SEC registration effectiveness.
- Pre-funded warrants exercisable at $0.0001, no expiration; common warrants at $4.47, expire 5 years after registration effective.
- Net proceeds for general corporate purposes, including acquisitions, debt repayment, and working capital.
- Closing on July 7, 2026; registration rights agreement to file resale registration within 15 days after closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926081319/0001104659-26-081319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926081319/tm2619979d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-081319

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