Entero Therapeutics Completes Acquisition of GRID AI to Expand Into AI-Driven Energy Infrastructure Market

Reuters10-07
Entero <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Completes Acquisition of GRID AI to Expand Into AI-Driven Energy Infrastructure Market

Entero Therapeutics Inc. $(ENTO)$ has completed the acquisition of 100% of GRID AI Corp, a company specializing in grid-edge, AI-driven software and device platforms for managing dynamic power loads and distributed energy resources. As part of the agreement, former GRID AI shareholders will hold approximately 82.5% of ENTO's fully diluted common stock, with the ability to appoint a majority of the board of directors upon full implementation. The transaction is expected to position ENTO in the rapidly growing AI energy-infrastructure market, as demand for data centers and behind-the-meter energy storage solutions accelerates. Over $50 million has been invested since 2019 to commercialize GRID AI's platform, which leverages AI, machine learning, and edge analytics to balance supply and demand across millions of assets, enhancing grid reliability and resilience.

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