---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-086250"
form_type: "8-K"
ticker: "GRDX"
cik: "0001604191"
company_name: "GridAI Technologies Corp."
filed_at: "2026-07-23T20:01:55+00:00"
generated_at: "2026-07-23T20:03:11.436191+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GridAI lends $2M to Pronghorn Resources via secured convertible note due Dec 2026

## Summary
- GridAI made a $2M secured convertible loan to Pronghorn Resources, LLC on July 17, 2026.
- Note bears 7% annual interest, matures Dec 31, 2026 or upon change of control of Pronghorn.
- Upon uncured event of default, GridAI can convert the payment amount into 10% of Pronghorn's fully diluted membership interests.
- The note is secured by all of Pronghorn's assets under a separate security agreement.
- Pronghorn agreed to customary negative covenants including restrictions on additional indebtedness and liens.

## SEC filing metadata
- accession: 0001104659-26-086250
- form_type: 8-K
- ticker: GRDX
- cik: 0001604191
- company_name: GridAI Technologies Corp.
- filed_at: 2026-07-23T20:01:55+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604191/000110465926086250/0001104659-26-086250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604191/000110465926086250/tm2620841d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-086250
- JSON: https://secwatch.observer/filing/0001104659-26-086250.json
- Plain text: https://secwatch.observer/filing/0001104659-26-086250.txt

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