GridAI Technologies Amends Convertible Loan to Pronghorn Resources

What Happened

• GridAI Technologies Corp. announced it entered into an Amended and Restated Secured Convertible Promissory Note with Pronghorn Resources, LLC on September 4, 2026. The amendment reflects a second loan of $964,000 to Pronghorn in addition to the Company’s earlier $2,000,000 loan, effectively updating the original note reported in a Form 8-K filed July 23, 2026.
• On the same date the parties also executed a First Amendment to the Security Agreement to replace references to the original note with the Amended Note. Copies of the Amended Note and the Amended Security Agreement were filed as exhibits to the 8-K.

Key Details

• Original loan (reported July 23, 2026): $2,000,000 principal.
• Additional loan: $964,000, reflected in the Amended and Restated Note (total principal now $2,964,000).
• Date of amendments: September 4, 2026 (Amended Note and First Amendment to Security Agreement).
• Documents filed as exhibits: Amended and Restated Secured Convertible Promissory Note; First Amendment to the Security Agreement.

Why It Matters

• This filing documents an increase in GridAI’s funded exposure to Pronghorn and formalizes revised loan and security terms. For investors, the key points are the larger outstanding principal ($2.964M) and that the obligation is a secured, convertible promissory note — meaning the loan is backed by collateral and contains a conversion feature that could affect equity if exercised.
• The amendment to the security agreement preserves GridAI’s secured position under the revised note. These changes can affect the company’s cash deployment and potential future dilution dynamics; review the filed exhibits for conversion and other material terms.