secwatch.observer — SEC 8-K summary
======================================

Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001683168-22-005162
Event type: debt
Sentiment:  negative
Materiality: 0.40
Item codes: 1.01, 5.03, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode issues 78,750 Series B Preferred shares to 1800 Diagonal Lending for $78,750
--------------------------------------------------------------------------------

- Issued 78,750 Series B Preferred shares at $1.00 stated value to 1800 Diagonal Lending LLC.
- Conversion price set at 65% of market price (35% discount), convertible after 180 days.
- Annual dividend of 8% (22% upon default), cumulative, payable on redemption/liquidation.
- Company may redeem at 120% within 90 days or 125% from 91-180 days; mandatory redemption after 12 months.
- Proceeds used for working capital; $3,750 paid for legal and due diligence fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316822005162/0001683168-22-005162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316822005162/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-005162

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