secwatch.observer — SEC 8-K summary
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Issuer:     GRIID Infrastructure Inc. (—)
CIK:        0001830029
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001193125-24-000728
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 5.06, 5.02, 3.02, 4.01, 9.01, 3.01, 3.03, 5.01, 5.03, 5.05, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

GRIID Infrastructure Inc. completes merger with Adit EdTech, begins trading on Cboe Canada and OTC Pink
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- On Dec 29, 2023, GRIID consummated its merger with Adit EdTech Acquisition Corp., issuing 58.5M shares as merger consideration.
- GRIID voluntarily delisted from NYSE American; common stock began trading on Cboe Canada (GRDI) and OTC Pink (GRDI.WS).
- GRIID entered into indemnification agreements with directors and an investor rights agreement covering registration of shares and warrants.
- Legacy GRIID issued bridge promissory notes totaling $19.87 million to 66 accredited investors, with warrants converted into 5.75M shares.
- James D. Kelly holds 45.1% of GRIID through Griid Holdings, LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830029/000119312524000728/0001193125-24-000728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830029/000119312524000728/d941597d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-000728

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