GridAI Technologies Corp.

GridAI Technologies Corp. has amended its loan agreement with Pronghorn Resources, LLC, increasing the aggregate principal amount to $3,500,000. The latest amendment, a Second Amended and Restated Secured Convertible Note dated October 1, 2026, reflects a third loan of an additional $536,000. The note accrues 7% annual interest and is secured by a Security Agreement. The maturity date is set for December 31, 2026, or upon a Change of Control Transaction.

GridAI Technologies Corp. filed an S-1/A amendment for the resale of up to 9,908,766 common shares by selling stockholders. The company faces significant financial challenges, with auditors expressing substantial doubt about its ability to continue as a going concern due to accumulated losses and low cash reserves. GridAI anticipates sufficient liquidity for 18 months only if an additional $12.3 million from private placements is received upon the S-1's effectiveness by January 2027, otherwise, it may face operational curtailment or cessation.

GridAI Technologies Corp. has entered into a material definitive agreement by providing a $2,000,000 secured convertible promissory note to Pronghorn Resources, LLC. The note carries an annual interest rate of 7% and matures on December 31, 2026, or upon a Change of Control Transaction. In the event of default, GridAI has the option to convert the outstanding amount into 10% of Pronghorn's fully diluted capitalization. The loan is secured by all of Pronghorn's assets.

GridAI Technologies Corp. filed an S-1/A to register up to 9,908,766 shares for resale by selling stockholders, following recent private placements. The company's auditors expressed substantial doubt about its ability to continue as a going concern, citing an accumulated deficit of $212.1 million and limited cash. While recent financings provide anticipated liquidity for 18 months if the registration is effective, the company remains dependent on additional funding and faces potential significant dilution from preferred stock conversion.

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.

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.

GridAI Technologies Corp. filed an S-1 registration statement for the resale of up to 6,204,920 shares of common stock by selling stockholders, including shares underlying pre-funded and common warrants. The company recently completed two private placements in May 2026, securing aggregate gross proceeds of approximately $7.8 million, with $3.6 million received at closing. Despite these financings, the company faces significant financial challenges, including an accumulated deficit of $212.1 million and negative working capital of $13.7 million as of March 31, 2026, leading auditors to express substantial doubt about its ability to continue as a going concern.

GridAI Technologies Corp. reported a net loss of $3.44 million for the three months ended March 31, 2026, a significant increase from the $1.26 million net loss in the prior year period. The company disclosed substantial doubt about its ability to continue as a going concern, citing significant operating losses, negative cash flows, and an accumulated deficit of approximately $211.8 million. GridAI is exploring various strategic alternatives, including capital raises, debt restructuring, or a potential merger or sale, to address its financial challenges.

GridAI Technologies Corp. entered into a Debt Settlement and Subscription Agreement with 1396974 BC Ltd. to resolve a $1,032,315 outstanding debt. The company had previously defaulted on the revolving loan, which matured on January 31, 2026. The settlement involves a cash payment of $800,000 and the issuance of 71,482 common shares at a deemed price of $3.25 per share to satisfy the remaining accrued interest.

GridAI Technologies Corp. announced two private placements totaling approximately $7.79 million. The first financing, valued at $2.54 million, involves the sale of common stock, pre-funded warrants, and common warrants. A second, larger financing of $5.25 million also includes common stock, pre-funded warrants, and common warrants. The company plans to use the net proceeds for general corporate purposes, including working capital and repayment of outstanding liabilities.