Possible new GRDX shares

GRDXDilution

Last raise May 13, 2024, 424B5: 366K shares including 91.0K pre-funded warrants (14.8% of the 2.5M then) at $2.95, $1.1M gross; before the 1-for-3 reverse split by Nov 18, 2025

Known so far: no new shares beyond today's 7.1M · shelf room about $5.0M · not yet read: warrants, converts, options, ATM.

Shelf room

  • Room today about $5.0M
  • One third of float $5.0M ($14.9M float, Jun 30, 2025)
  • Sold off it, 12 months nothing
How this is worked out

Shelf room about $5.0M on the S-3 of May 31, 2024: the baby-shelf rule (public float under $75M) caps sales at one third of the $14.9M public float stated as of Jun 30, 2025, $5.0M, nothing sold off it in the last 12 months. Sources: S-3 May 31, 2024, effective Jun 10, 2024 · public float, as of Jun 30, 2025.

11.6M registered for resale, already counted in today's shares where issued; 1.6M of them likely already outstanding.

What could become new GridAI Technologies (GRDX) shares, from the S-1 and 424B prospectus covers we have read. Shares registered for resale are kept out of the total: where already issued, they are in today's share count.

Read so far: the cover share count (7.1M shares, +349% from 1.6M on Aug 14, 2025, adjusted for the 1-for-3 reverse split by Nov 18, 2025) and the prospectus covers below. Not read yet: warrants, convertible notes, options and RSUs and an ATM program. Read them on EDGAR: the latest 10-Q/A · S-1 registration filings.

Shares outstanding

7.1M

Nov 2024 to Aug 2026: from 1.6M to 7.1M. Adjusted for the 1-for-3 reverse split by Nov 18, 2025: each earlier count is divided by the ratio of every split after it.

From the share count on the cover of each 10-Q and 10-K, dated as each cover states.