GridAI Technologies Corp. has entered into a Second Amended and Restated Secured Convertible Promissory Note with Pronghorn Resources, LLC. The agreement, dated October 1, 2026, reflects a third loan to Pronghorn, bringing the total principal amount of the note to $3,500,000.
The filing indicates that this total amount is the aggregate of three separate loans made by GridAI to Pronghorn. The first loan was reported in a Current Report on Form 8-K filed on July 23, 2026, for a principal sum of $2,000,000. A second loan of $964,000 was added following an Amended and Restated Note entered into on September 4, 2026. The latest amendment, executed on October 1, 2026, adds a third loan of $536,000 to reach the total Principal Amount of $3,500,000.
In conjunction with the Second Amended Note, the company also executed a Second Amendment to Security Agreement effective as of October 1, 2026. This amendment modifies the terms of the original Security Agreement, which was entered into on July 17, 2026, and previously amended on September 4, 2026. The Second Amendment updates the definition of the term “Note” to refer specifically to the Second Amended Note.
