GridAI Technologies announced a private placement expected to raise approximately $8.5 million through a mix of common stock, pre-funded warrants, and common warrants priced at a combined $4.59 per unit. Pre-funded warrants are exercisable immediately at $0.0001 with no expiration; common warrants are exercisable immediately at $4.47 and expire five years after registration effectiveness or when shares become freely tradable. Only 5% of proceeds are due at closing on Jul 07 2026, with the remaining 95% payable before the SEC declares the resale registration effective. The company will use proceeds for general corporate purposes, potential acquisitions or debt repayment, and working capital, and has granted registration rights to facilitate investors’ resale.
Agreement 1: GridAI Technologies Plans $8.5 Million Private Placement of Stock and Warrants at $4.59
- Agreement type: Securities Purchase Agreement for private placement of common stock and warrants
- Counterparty: Purchasers
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Reason: Raise capital for general corporate purposes and working capital
Agreement 2: GridAI Technologies Grants Registration Rights Tied to Private Placement Securities
- Agreement type: Registration Rights Agreements for resale registration
- Counterparty: Purchasers
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Reason: Facilitate resale and release of proceeds
Original SEC Filing:
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