GridAI Technologies Secures $7.79 Million in Private Placements With Warrants

GridAI Technologies announced two private placements totaling approximately $7.79 million to bolster liquidity and repay certain liabilities. The first, signed across May 8, 11, and 12, 2026, raises $2.54 million via common stock, pre-funded warrants priced at $0.00001 per share, and common warrants that become exercisable after six months at tiered prices. The second, signed May 11, 2026, adds $5.25 million with units priced at $2.865, featuring immediately exercisable five-year common warrants; funding is structured with 20% at closing and 80% upon SEC effectiveness of a resale registration statement. Both transactions include registration rights and are expected to close on May 18, 2026, subject to customary conditions.

Agreement 1: GridAI Technologies Raises $2.54 Million in Private Placement With Warrants

• Agreement type: Private placement securities purchase agreements with registration rights
• Counterparty: Purchasers
• Signed / Effective: May 08 2026 / May 18 2026
• Duration / Termination: At will
• Reason: Strengthen liquidity and repay liabilities

Agreement 2: GridAI Technologies Adds $5.25 Million Private Placement; Funding Tied to SEC Effectiveness

• Agreement type: Private placement securities purchase agreement with registration rights
• Counterparty: Purchasers
• Signed / Effective: May 11 2026 / May 18 2026
• Duration / Termination: At will
• Reason: Enhance liquidity and reduce liabilities

Original SEC Filing: GridAI Technologies Corp. [ GRDX ] - 8-K - May. 14, 2026