GridAI Technologies ( (GRDX) ) has issued an announcement.
On July 17, 2026, GridAI Technologies Corp. entered into a Security Agreement in connection with a $2,000,000 secured convertible promissory note loan to Pronghorn Resources, LLC, following a current report filed on July 23, 2026. On September 4, 2026, the parties amended and restated the note and security agreement to reflect GridAI’s additional $964,000 loan to Pronghorn and to redefine the term “Note” to encompass the revised, larger secured convertible instrument.
These September 4, 2026 amendments consolidate GridAI’s total lending to Pronghorn under a single amended secured convertible note structure, tightening the legal framework around collateral and conversion terms. The move signals a deeper financial commitment to Pronghorn and may affect GridAI’s credit exposure and strategic positioning in resource-related financing, with implications for how stakeholders assess its risk and growth profile.
More about GridAI Technologies
GridAI Technologies Corp. operates in the technology and energy-resources financing space, providing capital to resource-focused entities through structured instruments such as secured convertible promissory notes. Its activities indicate a focus on deploying funding into ventures like Pronghorn Resources, LLC, using secured, convertible debt arrangements to manage risk while preserving upside potential.
Average Trading Volume: 99,460
Technical Sentiment Signal: Sell
Current Market Cap: $21.54M
For detailed information about GRDX stock, go to TipRanks’ Stock Analysis page.