GridAI Technologies Corp. filed a Form 8-K on October 28, 2026, disclosing that on October 22, 2026, it entered into a securities purchase agreement for a private placement of pre-funded warrants and common stock purchase warrants expected to generate approximately $2,150,000 in gross proceeds.

Key Highlights

  • Gross proceeds: The Company agreed to receive approximately $2,150,000 from the private placement, according to the filing.
  • Securities offered: Pre-funded warrants to purchase up to 462,365 shares of common stock and common stock purchase warrants to purchase up to an additional 462,365 shares of common stock.
  • Combined purchase price: US$4.65 per one Pre-Funded Warrant together with one accompanying Common Warrant.
  • Pre-Funded Warrant terms: Exercise price of $0.0001 per share, exercisable immediately with no expiration date.
  • Common Warrant terms: Exercise price of US$4.525 per share, exercisable immediately, expiring five years from the earlier of the effective date of the Registration Statement or the date the underlying shares can be resold without restriction under Rule 144.
  • Issuance date: The Pre-Funded Warrants and Common Warrants were issued on October 26, 2026, in reliance on the Section 4(a)(2) exemption from registration.
  • Intended use of proceeds: The Company disclosed it intends to use net proceeds for general corporate purposes, which "may include acquisitions and/or the repayment of outstanding debt, and working capital."

GridAI Technologies Closes $2.15M Private Placement of Pre-Funded and Common Warrants

According to the 8-K filed with the SEC on October 28, 2026, GridAI Technologies Corp. (NASDAQ:GRDX), headquartered in Boca Raton, Florida, entered into a securities purchase agreement on October 22, 2026, with unidentified purchasers for a private placement of two classes of warrants. The combined purchase price for one Pre-Funded Warrant and one Common Warrant is US$4.65, and the transaction is expected to generate gross proceeds of approximately $2,150,000 to the Company.

The Pre-Funded Warrants cover up to 462,365 shares of common stock at an exercise price of $0.0001 per share, are exercisable immediately, and carry no expiration date. The Common Warrants also cover up to 462,365 shares of common stock at an exercise price of US$4.525 per share and are exercisable immediately. The Common Warrants expire five years from the earlier of the effective date of the Registration Statement or the date the underlying shares become freely resalable under Rule 144. The filing notes that purchasers may exercise Common Warrants on a cashless basis if the underlying shares are not covered by an effective registration statement at the time of exercise.

The Company disclosed that it issued both warrant types on October 26, 2026, relying on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 for transactions not involving a public offering. Under the Purchase Agreement, purchasers hold piggyback registration rights for shares issuable upon exercise of both warrant types, subject to notice, inclusion, and other conditions specified in the agreement. The filing states the Company "is not obligated under the Purchase Agreement to initiate a resale registration statement solely for the Purchaser."

What Was Disclosed

GridAI Technologies Corp. disclosed the entry into a securities purchase agreement for a private placement of pre-funded warrants and common stock purchase warrants covering 462,365 shares each, for gross proceeds of approximately $2,150,000, with the warrants issued on October 26, 2026.