GridAI Technologies prices USD 8.5 million private placement of shares and warrants
GridAI Technologies Corp. GRDX | 0.00 |
- GridAI entered a $8.5 million private placement, selling common stock, pre-funded warrants, and common stock purchase warrants at a $4.59 combined price.
- Deal covers 664,598 common shares, pre-funded warrants for 1,187,325 shares, common warrants for 1,851,923 shares.
- Closing set for July 7, 2026, subject to customary conditions; 5% of gross proceeds payable at closing, 95% before SEC effectiveness.
- Pre-funded warrants carry a $0.0001 exercise price with no expiration; common warrants priced at $4.47, expiring five years from specified trigger dates.
- Proceeds earmarked for general corporate purposes, including potential acquisitions, debt repayment, and working capital; sale relied on Securities Act Section 4(a)(2).
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: 0001104659-26-080831), on July 06, 2026, and is solely responsible for the information contained therein.
