GridAI Technologies Corp. (GRDX) Form 10-Q — Aug 21, 2026
GridAI Technologies (GRDX) posted a Q2 2026 net loss of $13.0 million, or $2.01 per share, driven by a $10.1 million goodwill impairment on its newly acquired Grid AI energy business after actual operating performance and updated projections came in significantly below deal-model expectations. The company disclosed substantial doubt about its ability to continue as a going concern, reporting just $1.4 million in cash, a working capital deficit of approximately $11.8 million, and an accumulated deficit of approximately $224.9 million, with management evaluating merger, sale, wind-down, liquidation, or even bankruptcy protection.
Key figures
- Revenue
- 124084
- Total Assets
- 37035600
- Cash Position
- 1379721
- Shares Outstanding
- 6913198
- Q2 Revenue
- 85876
- Notes Payable
- 1676361
- Asymchem Judgment
- 209386
- July2026 Unit Price
- 4.59
- Pronghorn Loan Rate
- 7%
- Reverse Split Ratio
- 1-for-3
- Accumulated Deficit
- 224900000
- Warrants Outstanding
- 10443845
- Deferred Consideration
- 6250000
- Working Capital Deficit
- 11800000
- Pronghorn Loan Principal
- 2000000
- Potential Shares Issuable
- 52319812
- Goodwill Impairment Charge
- 10070124
- July2026 Placement Gross Proceeds
- 8500000
- May2026 Placements Gross Proceeds
- 7800000
- Shares Issuable Series HConversion
- 38802000
- Warrant Weighted Avg Exercise Price
- 2.31
Price after filing
Close on the filing date to close N calendar days later (from $3.75). Historical, not a forecast.
AI analysis
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