The latest announcement is out from GridAI Technologies ( (GRDX) ).

On July 1, 2026, GridAI Technologies Corp. entered into a private securities purchase agreement to sell common stock, pre-funded warrants, and common stock purchase warrants for gross proceeds of about $8.5 million. The transaction is scheduled to close on July 7, 2026, with 5% of proceeds paid at closing and the remaining 95% to be received once a resale registration statement for the underlying shares is declared effective by the SEC.

The pre-funded warrants are immediately exercisable at a nominal price and have no expiration, while the common warrants are exercisable immediately with a five-year term and a cashless exercise option if the underlying shares are not registered. GridAI intends to use the net proceeds for general corporate purposes, including possible acquisitions, debt repayment, and working capital, reinforcing its capital structure through a non-public offering relying on a registration exemption under U.S. securities law.