Business Context and Reporting Period
Company: GridAI Technologies Corp. (GRDX)
Filing Type: Form 8-K (Current Report)
Date of Report: April 22, 2026
Reporting Period: The filing addresses the status of the Annual Report (Form 10-K) for the period ended December 31, 2025.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on regulatory compliance status regarding the delayed filing of the 2025 Annual Report.
Material Changes and Events
- Nasdaq Delisting Notice: On April 22, 2026, the Company received a letter from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Form 10-K for the year ended December 31, 2025.
- Reason for Delay: The delay is attributed to the complexity in reviewing the accounting treatment and information related to the recent acquisition of Grid AI Corp.
Outlook, Risks, and Management Commentary
- Compliance Timeline: The Company has 60 calendar days (until June 22, 2026) to submit a plan to regain compliance. If accepted, Nasdaq may grant an extension of up to 180 calendar days (until October 12, 2026).
- Appeal Rights: If the compliance plan is rejected, the Company retains the right to appeal to a Nasdaq hearings panel.
- Risk Factors: Management states there can be no assurance that Nasdaq will accept the plan or that the Company will regain compliance or maintain future listing standards.
- Disclosure: A press release regarding this notice was issued on April 28, 2026, under Regulation FD.
Investor Verification Checklist
- Verify the submission date and acceptance status of the Company's plan to regain Nasdaq compliance by June 22, 2026.
- Monitor the filing status of the Form 10-K for the period ended December 31, 2025.
- Review the specific accounting complexities related to the acquisition of Grid AI Corp. once the 10-K is filed.
- Check for any subsequent communications from Nasdaq regarding the potential delisting or extension of the compliance period.