secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2022-02-07T23:59:59+00:00
Accession:  0001683168-22-000702
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 5.02, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fourth Wave Energy completes reverse merger with EdgeMode, becomes crypto mining company with $270M miner purchase plan
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- EdgeMode shareholders receive 80% of FWAV's fully diluted shares (313.95M shares); former shell becomes crypto miner.
- Joseph Isaacs resigns as sole officer/director; gets $250K bonus, $11.5K/month consulting, 19.99M options at $0.40.
- Charlie Faulkner appointed CEO, Simon Wajcenberg CFO & Executive Chairman; new management team in place.
- ~$4.57M of notes converted into 18.3M shares; ~$988K notes repaid; company has nominal liabilities post-close.
- Auditors raise going concern doubt; $270M Katena miner purchase past due on $8M installment, needs additional capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316822000702/0001683168-22-000702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316822000702/fourthwave_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-000702

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer