0001104659-26-048549
SEC filingGridAI Technologies Corp. received a default demand from its lender for $1,014,675 under a Revolving Loan Agreement, triggering accelerated repayment obligations.
The Company received a demand letter from the Lender's counsel on April 1, 2026, asserting default under the Revolving Loan Agreement dated January 27, 2025, because the Maturity Date of January 31, 2026, passed and amounts due were not repaid. The Lender demands a total sum of $1,014,675, comprising $700,000 principal, accrued interest, and a 20% default increase. The Company is evaluating the effects and is in active discussions with the Lender. This event represents a material financial obligation that could impact liquidity and require restructuring or additional financing.