GridAI Technologies Corp. extended a $2 million secured convertible loan to Pronghorn Resources LLC through a promissory note. The loan carries 7% annual interest and matures on December 31, 2026, or earlier upon a change of control of Pronghorn. If Pronghorn defaults, GridAI can convert the outstanding amount into 10% of Pronghorn's fully diluted membership interests.
View Full Filing (SEC EDGAR)