GridAI settles loan, agrees USD 800,000 repayment and stock issuance to lender

GridAI Technologies

GridAI Technologies

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  • GridAI Technologies reached a debt settlement with 1396974 BC Ltd. to resolve amounts due under its revolving loan agreement.
  • The company will pay USD 800,000 in cash, comprising USD 700,000 of principal and USD 100,000 of accrued interest.
  • It will also issue 71,482 common shares at a deemed price of USD 3.25 per share to settle USD 232,315 of remaining accrued interest.
  • The settlement follows a lender demand for USD 1.01 million tied to a claimed default after the Jan. 31, 2026 maturity date passed without repayment.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GridAI Technologies Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-064500), on May 20, 2026, and is solely responsible for the information contained therein.

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