GridAI Technologies Corp. (GRDX) Form 8-K — Oct 28, 2026
GridAI Technologies Corp. advanced an additional $1,500,000 to Pronghorn Resources, LLC on October 22, 2026, bringing the total outstanding principal under the Third Amended and Restated Secured Convertible Note to $5,000,000. The note matures on the earlier of December 31, 2026 or a Change of Control Transaction, with 7% annual cash interest accruing after maturity. The debt remains secured by a blanket security interest in Pronghorn's assets under the amended Security Agreement.
Key figures
- Debt Amount
- 5000000
- Interest Rate
- 7
- Maturity Date
- December 31, 2026 (or earlier upon a Change of Control Transaction)
- First advance
- 2000000
- Third advance
- 536000
- Fourth advance
- 1500000
- Second advance
- 964000
- Default conversion stake
- 10% of Pronghorn fully diluted capitalization
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.