M&A
confidence high
sentiment neutral
materiality 0.75
Fourth Wave Energy signs LOI to acquire EdgeMode, issuing 80% of its stock for all EdgeMode shares
Edgemode, Inc.
- Fourth Wave Energy entered into a Letter of Intent on August 20, 2021 to acquire all shares of EdgeMode, Inc.
- Consideration is shares of Fourth Wave common stock representing 80% of outstanding shares post-closing.
- EdgeMode deploys Bitcoin mining data center containers integrated with energy asset partners.
- Acquisition is subject to execution of a definitive agreement and customary closing conditions.