GridAI extends $3.5M convertible loan to Pronghorn Resources

GridAI has made three cumulative loans to Pronghorn Resources totaling $3.5M via a secured convertible promissory note, with the third tranche of $536K added on October 1, 2026. The convertible structure and security agreement provide potential upside exposure to Pronghorn's value, but the lack of disclosed conversion terms, interest rate, maturity date, or information about Pronghorn's business makes it difficult to assess impact on GRDX shareholder value.

GridAI lent $3.5 million to a company called Pronghorn Resources using a special loan that can convert into ownership stakes. This could be good if Pronghorn succeeds, but we don't know the full details yet.