secwatch.observer — SEC 8-K summary
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Issuer:     GRIID Infrastructure Inc. (—)
CIK:        0001830029
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0001193125-23-186035
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 8.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADEX shareholders approve extension to Oct. 14, 2023; first 3-month extension taken
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- Shareholders approved extension to Oct. 14, 2023; board elected first of two 3-month extensions.
- GRIID Infrastructure deposited $60k into trust and increased loan facility to $1.8M via amended promissory note.
- Stockholders redeemed 467,396 shares for ~$4.9M ($10.58/share) upon extension approval.
- Outstanding principal on note as of July 12: $888,271.92; maturity on earlier of liquidation or merger closing.
- Merger with Griid Holdco LLC remains pending; S-4 proxy/prospectus filed with SEC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830029/000119312523186035/0001193125-23-186035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830029/000119312523186035/d498208d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-186035

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