secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K/A
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001683168-22-003176
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316822003176/0001683168-22-003176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316822003176/fourthwave_8ka1.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-003176

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