GRDX 8-K SEC Filing Analysis

Latest settled — T+5d

GRDX ▲ +8.00% at T+5d

SHORT call ✗ call lost -8.00% · α vs SPY -7.60% · entry $2.25 → $2.43

Next anchor: T+20d due yesterday

Last close $4.84 (close May 22) · -115.11% from $2.25 entry (call sign-flipped)

Entry anchored
Apr 24, 03:59 PM ET
via Databento tick

T+1d

-0.44%

call +0.44% · α -0.04%

$2.24

settled 27d ago

T+5d

+8.00%

call -8.00% · α -7.60%

$2.43

settled 23d ago

T+20d

—

call — · α —

—

due yesterday

T+60d

—

call — · α —

—

in 8w

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Executive Summary

GridAI Technologies Corp. is in default on a $700,000 revolving loan, with a demand letter received for $1,014,675 including principal, interest, and a 20% default penalty. The company is in discussions with the lender but faces material financial pressure.

Actionable Insight

Monitor for updates on negotiations with the lender and potential dilutive financing or asset sales to cover the obligation. A failure to resolve could trigger bankruptcy proceedings or forced equity issuance at depressed prices.

Key Facts

Company defaulted on a revolving loan agreement with 1396974 BC Ltd. after the January 31, 2026 maturity date passed unpaid
Lender issued a demand letter on April 1, 2026 for $1,014,675, which includes $700,000 principal, accrued interest, and a 20% default penalty
The company is currently in active discussions with the lender to resolve the default
Total demanded amount represents ~12.7% of the company's $8M market cap

Financial Impact

$1,014,675 in immediate debt obligation, including a 20% default penalty on top of principal and interest

debtliquiditydefault riskcash flow

Risk Factors

Risk of accelerated debt enforcement including asset seizure or bankruptcy filing
Potential for significant shareholder dilution if emergency equity financing is pursued
Loss of operational flexibility due to financial distress

Market Snapshot

Exchange

Nasdaq

Sector

Pharmaceutical Preparations

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001104659-26-048549
Document: 0001104659-26-048549-index-headers.html	0001104659-26-048549
Document: 0001104659-26-048549-index.html	0001104659-26-048549
Document: 0001104659-26-048549.txt	0001104659-26-048549

2 reports for GRDX

T+1T+5T+20T+60

Filters

Reports for GRDX — sortable, filterable
	Type				Now
May 14, 2026 9d ago	8-K BEARISH ★ 7/10	$3.73 awaiting T+5	awaiting T+5	—	$4.84 (−29.93%)
Apr 24, 2026 29d ago	8-K BEARISH ★ 7/10	$2.25 $2.43	▼ −8.00%	▼ −7.60%	$4.84 (−115.11%)

US Market Status

Market Closed — Opens Tue (34h 52m)

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