GridAI Technologies advanced an additional $1.5 million to Pronghorn Resources on October 22, 2026. This brings the total principal of the Third Amended and Restated Secured Convertible Note to $5 million. The note matures on December 31, 2026 or upon a Change of Control Transaction. Upon default, GridAI may convert the debt into 10% of Pronghorn's fully diluted capitalization or demand immediate cash payment. The transaction is secured by Pronghorn's assets under an amended security agreement. GridAI Technologies Corp. operates in the artificial intelligence and technology sector.
