Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about the Company's ability to continue as a going concern one year from the date these financial statements are issued. ... As a result, the Company concluded that its plans at this stage do not alleviate substantial doubt about the ability to continue as a going concern.”View the 10-Q filed Aug 21, 2026
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GridAI Technologies Corp. amended its CFO consulting agreement, effective September 1, 2026, setting Anna Skowron’s monthly retainer at $27,000 and granting up to 250,000 RSUs.
GridAI Technologies Corp. advanced an additional $1,500,000 to Pronghorn Resources, LLC, evidenced by a $5,000,000 convertible note maturing on the earlier of December 31, 2026 or consummation of a Change of Control Transaction, with seven percent (7%) interest accruing from maturity.
GridAI Technologies Corp. agreed on October 22, 2026 to private placements of pre-funded and common warrants for 462,365 shares each, generating approximately $2,150,000; the warrants were issued October 26, 2026.
Manpreet Uppal resigned from GridAI Technologies Corp.’s Board of Directors and all Board committees he served on, effective October 19, 2026. His resignation was not due to any disagreement over the Company’s operations, policies or practices.
GridAI Technologies Corp. made a third loan of $536,000 to Pronghorn Resources, LLC on October 1, 2026, bringing secured convertible note principal to $3,500,000, with interest accruing after the earlier of December 31, 2026 or a change of control.
GridAI Technologies Corp. registered up to 9,908,766 common shares for resale by selling stockholders. As of June 30, 2026, it had approximately $1.4 million in cash, and auditors raised substantial doubt about its ability to continue as a going concern.
