GridAI Technologies Raises $8.5M in Private Placement
GridAI Technologies Corp. entered into a securities purchase agreement on July 1, 2026, to raise approximately $8.5 million through a private placement. The company will sell common stock, pre-funded warrants, and common stock purchase warrants to identified purchasers. Proceeds will be used for general corporate purposes, including potential acquisitions, debt repayment, and working capital. The closing is set for July 7, 2026, with a resale registration statement to be filed within 15 days.
Key Highlights
- Raised approximately $8.5 million in gross proceeds through a private placement.
- Sold 664,598 shares of common stock.
- Issued pre-funded warrants to purchase up to 1,187,325 shares.
- Issued common stock purchase warrants to purchase up to 1,851,923 shares.
- Combined purchase price for one share/Pre-Funded Warrant and one Common Warrant is $4.59.
- Pre-Funded Warrants have an exercise price of $0.0001 per share.
- Common Warrants have an exercise price of $4.47 per share.
- Company to file a resale registration statement within 15 days of closing.
Price Impact
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