Business Context and Reporting Period
Company: GridAI Technologies Corp. (GRDX)
Filing Type: Form 8-K (Current Report)
Date of Report: September 4, 2026
Reporting Period: Event date of September 4, 2026
The Company entered into a material definitive agreement involving an amendment to a prior loan facility with Pronghorn Resources, LLC.
Key Financial Metrics
This filing does not report standard financial performance metrics such as revenue, profit, cash flow, or operating margins. The filing focuses on a specific financing transaction.
- Initial Loan Principal: $2,000,000 (originated July 23, 2026)
- Additional Loan Principal: $964,000 (disbursed prior to September 4, 2026)
- Total Principal Under Amended Note: $2,964,000
- Instrument Type: Secured Convertible Promissory Note
Material Changes
On September 4, 2026, GridAI Technologies Corp. and Pronghorn Resources, LLC executed an Amended and Restated Secured Convertible Promissory Note. This agreement amended the original Note filed on July 23, 2026, to reflect the inclusion of a second loan of $964,000. Concurrently, the parties executed a First Amendment to the Security Agreement to update the definition of the "Note" to reference the Amended Note.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the inherent risks of the secured lending arrangement. The transaction is presented as a modification of existing terms to accommodate additional funding.
Investor Verification Checklist
- Verify the total outstanding principal balance of $2,964,000 in the Company's next quarterly report (10-Q).
- Review the full text of the Amended Note (Exhibit 10.1) for interest rates, conversion terms, maturity dates, and default provisions.
- Assess the creditworthiness of Pronghorn Resources, LLC and the sufficiency of the collateral described in the Amended Security Agreement (Exhibit 10.2).
- Confirm whether the additional $964,000 loan has been fully funded and recorded as a receivable.