NewsHK
Structured credit flows from technology companies into operating businesses have drawn attention across sectors, and GridAI Technologies Corp. (Nasdaq: GRDX) extended its own position on September 4, 2026.
The Boca Raton, Florida-based company executed an Amended and Restated Secured Convertible Promissory Note with Pronghorn Resources, LLC, folding a second loan of $964,000 into an original $2,000,000 facility to bring total outstanding principal to $2,964,000.
The amended facility GridAI first disclosed the Pronghorn lending relationship in a July 23, 2026 8-K.
The original note, a secured convertible promissory note with a principal of $2,000,000, was supported by a Security Agreement executed on July 17, 2026. A second loan followed that initial tranche.
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