GridAI Technologies extends third loan to Pronghorn Resources, lifting total to $3.5 million

GridAI Technologies Corp. disclosed in an 8-K dated October 1, 2026 that it has made a third loan to Pronghorn Resources, LLC, a Delaware limited liability company. According to the filing, the company previously reported in 8-Ks filed on July 23, 2026 and September 11, 2026 that it made an initial loan to Pronghorn under a Secured Convertible Promissory Note for $2,000,000, and on September 4, 2026 the parties amended and restated that note to reflect a second loan of an additional $964,000.¹

On October 1, 2026, GridAI and Pronghorn entered into a further amendment. The parties signed a Second Amended and Restated Secured Convertible Note reflecting a third loan of $536,000, bringing the aggregate principal amount to $3,500,000.¹

Alongside the note amendment, the companies updated the security terms backing the loans. The parties entered into a Second Amendment to Security Agreement effective October 1, 2026, which amended the original Security Agreement from July 17, 2026, as previously amended on September 4, 2026, so that the defined term "Note" now refers to the Second Amended Note.¹

The filing notes that capitalized terms not otherwise defined carry the meanings set out in the Second Amended Note, and that the descriptions of both the Second Amended Note and Second Amended Security Agreement are qualified by reference to the full exhibits attached to the filing.¹ Those exhibits, filed as Exhibit 10.1 and Exhibit 10.2, are dated October 1, 2026. The 8-K was signed by Jason D. Sawyer, Chief Executive Officer of GridAI Technologies Corp., on October 7, 2026.