GridAI Technologies amends Pronghorn loan, boosting secured convertible note principal to $3.5 million
GRDX•GridAI Technologies increased the principal of its secured convertible note with Pronghorn Resources to $3.5 million, reflecting a third loan of $536,000. The amendments took effect Oct. 1, 2026.
1. Loan amendment
GridAI Technologies entered a Second Amended and Restated Secured Convertible Note with Pronghorn Resources on Oct. 1, 2026, increasing aggregate principal to $3.5 million. The increase reflects a third loan of $536,000 following earlier advances. A related amendment to the security agreement took effect the same day to align its collateral terms with the note.
