GridAI Technologies Corp. (Nasdaq: GRDX) has filed a Current Report on Form 8-K announcing the execution of an amended and restated secured convertible promissory note with Pronghorn Resources, LLC. The new agreement, dated September 4, 2026, consolidates the terms of the Company’s initial loan with a subsequent second loan to Pronghorn.
According to the filing, the Company originally made a loan of $2,000,000 to Pronghorn on July 23, 2026, pursuant to a Secured Convertible Promissory Note. Following this initial transaction, the Company extended an additional loan of $964,000 to Pronghorn. The Amended Note reflects the terms of this combined lending arrangement.
In connection with the execution of the Amended Note, the Company and Pronghorn also entered into a First Amendment to the Security Agreement on September 4, 2026. This amendment restated the original Security Agreement, which was dated July 17, 2026, replacing the definition of the term “Note” to reference the Amended Note.
The filing indicates that the Amended Note and the Amended Security Agreement are attached as Exhibits 10.1 and 10.2, respectively. The report was signed on September 11, 2026, by Chief Executive Officer Jason D. Sawyer.
