GridAI Technologies (NASDAQ: GRDX) flagged by Nasdaq for late 2025 10-K
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
GridAI Technologies Corp. reported receiving a notice from Nasdaq on April 22, 2026 stating it is not in compliance with Listing Rule 5250(c)(1) because its Form 10-K for the year ended December 31, 2025 has not yet been filed. The company has until June 22, 2026 to submit a plan to regain compliance, and Nasdaq may grant an extension through October 12, 2026 if the plan is accepted. GridAI attributes the delay to complexity in reviewing the accounting treatment and other information related to its recent acquisition of Grid AI Corp. The company plans to file the 10-K as soon as possible and submit a compliance plan, but cautions there is no assurance Nasdaq will accept the plan or that it will maintain compliance with Nasdaq requirements in the future.
Positive
- None.
Negative
- Nasdaq noncompliance notice for late Form 10-K under Listing Rule 5250(c)(1), with explicit uncertainty about regaining and maintaining compliance with Nasdaq listing requirements.
Insights
Nasdaq noncompliance for late 10-K introduces listing risk if unresolved.
GridAI Technologies disclosed that Nasdaq deemed it noncompliant with Listing Rule 5250(c)(1) because its Form 10-K for the year ended December 31, 2025 is overdue. The company links the delay to complex accounting work for its acquisition of Grid AI Corp.
Nasdaq has given GridAI until June 22, 2026 to submit a compliance plan and may extend the deadline to October 12, 2026 if the plan is accepted. If Nasdaq rejects the plan, GridAI can appeal to a hearings panel, but the outcome is uncertain.
The company states its intention to file the 10-K and submit a plan within the required periods yet explicitly warns there is no assurance Nasdaq will accept the plan or that it will maintain compliance with Nasdaq rules. Future disclosures will clarify whether the 10-K is filed and how Nasdaq responds.
8-K Event Classification
3 items: 3.01, 7.01, 9.01
3 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Initial compliance plan deadline: June 22, 2026
Maximum extension date: October 12, 2026
Rule cited: Listing Rule 5250(c)(1)
+2 more
5 metrics
Initial compliance plan deadline
June 22, 2026
Deadline to submit plan to regain compliance with Nasdaq Listing Rule 5250(c)(1)
Maximum extension date
October 12, 2026
Latest date Nasdaq may allow for GridAI to regain compliance if plan accepted
Rule cited
Listing Rule 5250(c)(1)
Nasdaq rule requiring timely filing of periodic financial reports
Noncompliance notice date
April 22, 2026
Date Nasdaq informed GridAI of noncompliance with reporting requirements
Press release date
April 28, 2026
Date GridAI publicly announced receipt of the Nasdaq notice
Key Terms
Listing Rule 5250(c)(1), continued listing, Regulation FD Disclosure, forward-looking statements, +2 more
6 terms
Listing Rule 5250(c)(1) regulatory
"not in compliance with the filing of periodic financial reports requirement for continued listing on The Nasdaq Capital Market, under Listing Rule 5250(c)(1)"
A Nasdaq listing standard that requires companies traded on the exchange to file their regular financial reports with the U.S. Securities and Exchange Commission on time, such as annual and quarterly reports, and to notify Nasdaq if filings are late. It matters to investors because these filings provide the routine, reliable information needed to judge a company’s health; missing them can trigger warnings, trading suspension, or removal from the exchange, which can sharply affect liquidity and share value — like a business losing its operating license for failing inspections.
continued listing regulatory
"requirement for continued listing on The Nasdaq Capital Market, under Listing Rule 5250(c)(1)"
When a stock receives a "continued listing," it means the exchange has decided the company’s shares will remain tradable on that market after a review or challenge, often because the company met certain requirements or corrective steps. For investors this matters because continued listing preserves liquidity and access to buy or sell the stock—think of it as a store passing an inspection so customers can keep shopping rather than being forced to close.
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure. On April 28, 2026, the Company issued a press release"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
forward-looking statements regulatory
"This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Nasdaq hearings panel regulatory
"the Company will have the right to appeal such decision to a Nasdaq hearings panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
energy orchestration and grid optimization software technical
"energy orchestration and grid optimization software solutions through our subsidiary Grid AI Corp."
FAQ
Why did GridAI Technologies Corp. (ENTO) receive a Nasdaq noncompliance notice?
GridAI received a Nasdaq notice because it has not filed its Form 10-K for the year ended December 31, 2025. Nasdaq determined this violates Listing Rule 5250(c)(1), which requires timely periodic financial reports for continued listing on The Nasdaq Capital Market.
What deadlines has Nasdaq given GridAI Technologies Corp. (ENTO) to regain compliance?
GridAI has until June 22, 2026 to submit a plan to regain compliance with Listing Rule 5250(c)(1). If Nasdaq accepts this plan, it may extend the deadline to October 12, 2026 for GridAI to fully regain compliance with its filing obligations.
What caused GridAI Technologies Corp.’s delay in filing its 2025 Form 10-K?
GridAI attributes the Form 10-K delay to complexity in reviewing the accounting treatment and other information related to its recent acquisition of Grid AI Corp. The company states it intends to complete this work and file the annual report as soon as possible.
Could GridAI Technologies Corp. (ENTO) lose its Nasdaq listing because of the late 10-K?
The company notes there is no assurance Nasdaq will accept its compliance plan or that it will maintain compliance with Nasdaq requirements. If it cannot regain compliance after the specified periods and any appeal, its continued Nasdaq Capital Market listing could be at risk.
What steps does GridAI Technologies Corp. plan to take in response to the Nasdaq notice?
GridAI plans to file its overdue Form 10-K for the year ended December 31, 2025 as soon as possible. It also intends to submit a formal plan to Nasdaq by June 22, 2026 outlining how it will regain compliance with Listing Rule 5250(c)(1).
What businesses does GridAI Technologies Corp. (ENTO) currently operate?
GridAI operates in two main areas: energy orchestration and grid optimization software through subsidiary Grid AI Corp., and legacy biopharmaceutical development focused on Adrulipase for treating exocrine pancreatic insufficiency. The filing notes it was formerly known as Entero Therapeutics, Inc.