GRDX•GridAI Technologies agreed to a private placement expected to raise approximately $2.15 million in gross proceeds. It comprises 462,365 pairs of pre-funded and common stock purchase warrants, priced at $4.65 per pair.
The offering was agreed on October 22, 2026. Pre-funded warrants are immediately exercisable at $0.0001 per share with no expiration date; common warrants are immediately exercisable at $4.525 per share, with cashless exercise available if the underlying shares are not registered. Net proceeds will be used for general corporate purposes, potentially including acquisitions, debt repayment and working capital.
