# GridAI Technologies Corp. (GRDX) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_83b913525cbd3e87c33f · retrieved 2026-08-11T16:12:42.804Z

## Overview
GridAI Technologies Corp. is a Delaware corporation that provides secured convertible financing to portfolio companies.

GridAI Technologies Corp. extended a $2,000,000 secured convertible promissory note to Pronghorn Resources, LLC on July 17, 2026. The note bears interest at 7% per annum and is payable on the earlier of December 31, 2026 or the consummation of a Change of Control Transaction. Upon an uncured Event of Default, GridAI may convert the outstanding principal and accrued interest into 10% of Pronghorn's fully diluted capitalization. The note is secured by all of Pronghorn's assets pursuant to a Security Agreement executed on the same date.

## Terms
- Counterparty: Pronghorn Resources, LLC · Deal value: $2.0M · Consideration: cash · Stake: 10%

## Key dates
- Announced 2026-07-23 · Expiry 2026-12-31

## Timeline
- 2026-07-23 · 8-K (0001104659-26-086250): 8-K - GridAI Technologies Corp. — *GridAI Technologies Corp. is a Delaware corporation that provides secured convertible financing to portfolio companies.* GridAI Technologies Corp. extended a $2,000,000 secured convertible promissory note to Pronghorn Resources, LLC on July 17, 2026. The note bears interest at 7% per annum and is payable on the earlier of December 31, 2026 or the consummation of a Change of Control Transaction. Upon an uncured Event of Default, GridAI may convert the outstanding principal and accrued interest into 10% of Pronghorn's fully diluted capitalization. The note is secured by all of Pronghorn's assets pursuant to a Security Agreement executed on the same date.
  https://www.sec.gov/Archives/edgar/data/1604191/0001104659-26-086250.txt

## Citations
- 0001104659-26-086250 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926086250