Fourth Wave Energy closes reverse merger with EdgeMode; EdgeMode posts $3.6M net loss in 2021

Edgemode, Inc.

Acquisition closed Jan 31, 2022; EdgeMode becomes wholly owned sub, representing 80% of FWAV fully diluted shares (~313.95M shares).
EdgeMode FY2021 revenue $1.57M, net loss $3.6M, accumulated deficit $3.68M.
Audited financials include going concern opinion due to losses since inception.
EdgeMode total assets $5.6M vs. liabilities $3.14M; equipment notes payable $932K current, $360K long-term.
$4.57M of prior FWAV notes converted into 18.3M FWAV shares at closing.

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