GRDX on Nasdaq

GridAI Technologies Corp.

American electric and other services combined company based in Boca Raton. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerGRDX on Nasdaq2
  • IndustryElectric & Other Services Combined2
  • HeadquartersNew York, United States2
  • Incorporated inDE3
  • Business address433 Plaza Real, Suite 275, Boca Raton, Fl3
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300I3YKRXWGWPG0392
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O National Corporate Research, Ltd., 19904 Dover, United States2
  • Registered withDivision of Corporations, Department of State, 54740882

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On September 30, 2025, the Company completed a share exchange transaction pursuant to which it acquired 100% of the outstanding equity interests of Grid AI Corp., a Nevada corporation. At the time of the acquisition, Grid AI Corp. owned 75% of the issued and outstanding equity interests of AMPX UK Holdings, a Cayman Islands company, which holds the operating subsidiary AMPX Limited. Following the transaction, Grid AI Corp. and its subsidiaries, including AMPX, became consolidated subsidiaries of the Company.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-1813.6%Gross margin5
-19540.0%Operating margin5
-17634.4%Net margin5
-25.6%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue34¢$693.7K
  • Research and development46¢$925.5K
  • Income tax20¢$398.7K

Out of $36.3K in revenue.5 The company lost money this year.

Financial statements

Revenue65$36.3K in 2025
0$10.0K$20.0K$30.0K$40.0K2019: $0$020192025: $36.3K$36.3K2025
Operating income78910115-$7.1M in 2025−52% since 2019
-$60.0M-$40.0M-$20.0M02019: -$14.7M-$14.7M20192020: -$26.4M-$26.4M2020+79%2021: -$59.1M-$59.1M2021+123%2022: -$12.7M-$12.7M2022−79%2023: -$15.8M-$15.8M2023+24%2024: -$15.6M-$15.6M2024−1%2025: -$7.1M-$7.1M2025−55%
Net income78910115-$6.4M in 2025−58% since 2019
-$60.0M-$40.0M-$20.0M02019: -$15.2M-$15.2M20192020: -$32.7M-$32.7M2020+115%2021: -$58.5M-$58.5M2021+79%2022: -$14.6M-$14.6M2022−75%2023: -$15.8M-$15.8M2023+8%2024: -$18.1M-$18.1M2024+14%2025: -$6.4M-$6.4M2025−65%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenue$36.3K
Cost of Services$693.7K
Gross loss-$657.4K
Research and development expenses$925.5K$903.9K
General and administrative expenses$5.5M$14.7M
Total operating expenses$6.4M$15.6M
Loss from operations-$7.1M-$15.6M
Interest income (expense), net-$490.8K$875
Other income (expense), net$934.3K$1.4K
Total other expenses$443.4K$2.3K
Loss from continued operations before tax recovery-$6.6M-$15.6M
Income tax benefit$398.7K
Loss from continued operations-$6.2M-$15.6M
Loss from discontinued operations, net of tax-$312.3K-$2.4M
Net loss-$6.6M-$18.1M
Net loss attributed to non controlling interest-$160.9K
Net loss attributed to common shareholders-$6.4M-$18.1M
Preferred stock dividend-$337.2K-$241.0K
Net loss applicable to common shareholders - basic-$6.7M-$18.3M
Net loss applicable to common shareholders - diluted-$6.7M-$18.3M
Basic weighted average shares outstanding (in shares)1.6M shares1.1M shares
Diluted weighted average shares outstanding (in shares)1.6M shares1.1M shares
Loss per share - basic (in dollars per share)-$4.16-$15.99
Loss per share - diluted (in dollars per share)-$4.16-$15.99
Loss per share from discontinued operations, basic-$0-$2
Loss per share from discontinued operations, diluted-$0-$2

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Leadership

Who has led GridAI Technologies Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Johan M. Spoor2016–2019
  2. James Sapirstein2019–2024
  3. Richard Paolone2025
  4. Jason David Sawyer2025–now

Chair

  1. James Sapirstein2021–2024

President

  1. Johan M. Spoor2016–2019
  2. James Sapirstein2019–2024
  3. Jack Syage2024

Chief financial officer

  1. Maged Shenouda2017–2019
  2. Daniel H. Schneiderman2020–2022
  3. Sarah Romano2022–2025
  4. Anna Skowron2025–now

Chief operating officer

  1. Jack Syage2024
20202025
Board members and other officers (19)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorTerry Coelho named Jul 26, 2022 to Sep 21, 202339

Former names

  • Entero Therapeutics, Inc.May 30, 2024 to Nov 19, 20253
  • First Wave BioPharma, Inc.Sep 21, 2021 to May 16, 20243
  • AzurRx BioPharma, Inc.Nov 3, 2014 to Sep 14, 20213
  • BioPharma d'Azur, Inc.Apr 2, 2014 to Apr 2, 20143

Timeline

  1. Dec 29, 2025New chief executive Jason David Sawyer becomes CEO15
  2. Feb 13, 2025New chief executive Richard Paolone becomes CEO14
  3. Oct 10, 2019New chief executive James Sapirstein becomes CEO16
  4. Oct 11, 2016New chief executive Johan M. Spoor becomes CEO17
  5. Jan 30, 2014Founded GridAI Technologies Corp. is founded2

Filings

355 filings to the SEC since October 2021: 7 annual reports, 17 quarterly reports, 107 major events, 63 insider forms, 8 large holders, 9 private raises, 144 other. The latest 20:

  1. Oct 9, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Oct 7, 20268-K EDGAR
  3. Oct 6, 2026S-1/A EDGAR
  4. Sep 18, 202610-Q/A EDGAR
  5. Sep 11, 20268-K EDGAR
  6. Aug 24, 2026S-1/A EDGAR
  7. Aug 21, 202610-Q EDGAR
  8. Aug 14, 2026NT 10-Q EDGAR
  9. Jul 31, 2026S-1/A EDGAR
  10. Jul 23, 20268-K EDGAR
  11. Jul 15, 2026D EDGAR
  12. Jul 9, 2026S-1/A EDGAR
  13. Jul 8, 2026SCHEDULE 13D EDGAR
  14. Jul 7, 20268-K/A EDGAR
  15. Jul 6, 20268-K EDGAR
  16. Jul 1, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Jun 4, 2026POS AM EDGAR
  18. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  19. May 28, 2026S-1 EDGAR
  20. May 27, 202610-Q EDGAR

The 355 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 0 buys and 18 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 6, 2025Romano SarahChief Financial OfficerSale727$0.64$465Form 4
Oct 9, 2024Romano SarahChief Financial OfficerSale476$0.45$214Form 4
Jul 2, 2024Romano SarahChief Financial OfficerSale621$1.07$664Form 4
Jul 2, 2024SAPIRSTEIN JAMESChairman and CEOSale1,289$1.07$1.4KForm 4
Apr 1, 2024SAPIRSTEIN JAMESChairman and CEOSale174$4.23$736Form 4
Apr 1, 2024Romano SarahChief Financial OfficerSale75$4.23$317Form 4
Mar 15, 2024SAPIRSTEIN JAMESChairman and CEOSale1,887$4.96$9.4KForm 4
Mar 15, 2024Romano SarahChief Financial OfficerSale1,120$4.96$5.6KForm 4
Jan 12, 2024Romano SarahChief Financial OfficerSale98$4.20$412Form 4
Jan 12, 2024SAPIRSTEIN JAMESChairman and CEOSale166$4.20$697Form 4
Oct 4, 2023Romano SarahChief Financial OfficerSale1,676$0.29$486Form 4
Oct 4, 2023SAPIRSTEIN JAMESChairman and CEOSale2,764$0.29$802Form 4
Sep 15, 2023CASAMENTO CHARLES JDirectorSale10$0.43$4Form 4
Aug 31, 2023CASAMENTO CHARLES JDirectorSale6,053$0.30$1.8KForm 4
Jul 3, 2023Romano SarahChief Financial OfficerSale1,977$1.54$3.0KForm 4
Jul 3, 2023SAPIRSTEIN JAMESChairman and CEOSale3,349$1.54$5.2KForm 4
Apr 3, 2023Romano SarahChief Financial OfficerSale1,975$2.50$4.9KForm 4
Apr 3, 2023SAPIRSTEIN JAMESChairman and CEOSale3,347$2.50$8.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 1, 2026Raised $8.5 million in a private offering of equity Form D: 6 investors so far Form D
  2. May 11, 2026Raised $5.2 million in a private offering of equity Form D: 4 investors so far Form D
  3. May 8, 2026Raised $2.5 million in a private offering of equity Form D: 4 investors so far Form D
  4. Aug 9, 2025Raised $3 million in a private offering of securities Form D: 3 investors so far Form D
  5. Sep 14, 2023Raised $1.5 million in a private offering of securities Form D: 1 investor so far Form D
  6. Jun 13, 2023Raised $431,083 in a private offering of securities Form D: 1 investor so far Form D
  7. Mar 15, 2023Raised $4 million in a private offering of equity Form D: 1 investor so far Form D
  8. Nov 22, 2022Raised $2.5 million in a private offering of equity Form D: 1 investor so far Form D
  9. Jul 15, 2022Raised $300,000 in a private offering of equity Form D: 2 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Renaissance Technologies LLC176,300$826.8K0.0%−7,500
Citadel Advisors LLC85,325$400.2K0.0%New
Federation des caisses Desjardins du Quebec76,350$358.1K0.0%+28,550
Vanguard Capital Management LLC74,060$347.3K0.0%+55,767
Geode Capital Management, LLC59,899$280.9K0.0%+26,629
Jane Street Group, LLC49,236$230.9K0.0%+36,579
Vanguard Fiduciary Trust Co33,804$158.5K0.0%+17,459
State Street Corp23,446$110.0K0.0%No change
Independent Advisor Alliance15,000$70.3K0.0%New
Northern Trust Corp13,939$65.4K0.0%New
Harbour Investments, Inc.5,862$27.5K0.0%−2,132
Jones Financial Companies Lllp2,000$8.8K0.0%New
Tower Research Capital LLC (TRC)1,445$6.8K0.0%+184
Barclays PLC380$1.8K0.0%New
SBI Securities Co., Ltd.31$1450.0%−473
Hrt Financial LP20,963$980.0%New
Caitong International Asset Management Co., Ltd21$980.0%New
Danske Bank A/s1$50.0%No change
Osaic Holdings, Inc.1$40.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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