Corporate ActionJul 7, 2026, 05:02 PM
GridAI Technologies Raises $8.5M via Stock & Warrants Private Placement
AI Summary
GridAI Technologies Corp. entered into a securities purchase agreement to sell common stock, pre-funded warrants, and common stock purchase warrants in a private placement, raising approximately $8.5 million. The company will issue 108,932 shares of common stock, pre-funded warrants for up to 1,742,991 shares, and common warrants for up to 1,851,923 shares. Proceeds are intended for general corporate purposes, including acquisitions, debt repayment, and working capital. This filing amends and replaces previous disclosures regarding this agreement.
Key Highlights
- GridAI Technologies Corp. raised approximately $8,500,000 in gross proceeds.
- Sold 108,932 shares of common stock in a private placement.
- Issued pre-funded warrants to purchase up to 1,742,991 shares of common stock.
- Issued common stock purchase warrants to purchase up to 1,851,923 shares of common stock.
- 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 and no expiration date.
- Common warrants have an exercise price of $4.47 per share and expire in five years.
- Net proceeds will be used for general corporate purposes, including acquisitions, debt repayment, and working capital.
Price Impact
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