secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0001683168-22-006110
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode issues 78,750 Series B Preferred shares at $1.00 each for $78,750 working capital
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- Issued 78,750 Series B Preferred shares at $1.00 stated value to 1800 Diagonal Lending LLC for $78,750 cash.
- Series B carries 8% cumulative annual dividend (22% on default), payable only on redemption, liquidation or conversion.
- Conversion price is 65% of the average two lowest trading prices over 20 days (35% discount), with 4.99% beneficial ownership cap.
- Company may redeem within 90 days at 120% premium, 91-180 days at 125%; mandatory redemption after 12 months or on default.
- Proceeds used for working capital; $3,750 paid to investor and counsel for legal/due diligence fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316822006110/0001683168-22-006110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316822006110/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-006110

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