On October 22, 2026, GridAI Technologies Corp. entered into a securities purchase agreement to sell an aggregate of 462,365 pre-funded warrants and 462,365 common stock purchase warrants for gross proceeds of approximately $2,150,000. The combined purchase price is US$4.65 per unit. The pre-funded warrants have an exercise price of $0.0001 with no expiration date, while the accompanying common warrants expire five years from the effective date of a registration statement or when shares can be resold without restriction under Rule 144, carrying an exercise price of US$4.525 per share. The company intends to use net proceeds for general corporate purposes, including potential acquisitions, debt repayment, and working capital. GridAI Technologies Corp. operates in the artificial intelligence sector.
