Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 19, 2026, Manpreet Uppal notified GridAI Technologies Corp.…
Filed Oct 23, 2026Accepted Oct 23, 2026, 5:00 PM EDTCIK 1604191Accession 0001104659-26-118506
The Company disputes the allegations and the amount claimed and, through legal counsel, is engaged in settlement discussions with WestPark. At this time, the outcome of the arbitration cannot be reasonably predicted. The Company has recorded an accrual of $202,000 related to this matter in its financial statements as of June 30, 2026.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 19, 2026, Manpreet Uppal notified GridAI
Technologies Corp. (the “Company”) of his resignation as a member of the Board of Directors of the Company (the “Board”),
and from all committees of the Board on which he served, effective as of October 19, 2026. Mr. Uppal’s resignation was not the result
of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
The Company thanks Mr. Uppal for his service to
the Company.