other material
confidence high
sentiment neutral
materiality 0.75
Edgemode reprices CEO/CFO options to $0.06; redeems all Series B preferred for $271K
Edgemode, Inc.
- CEO Charlie Faulkner and CFO Simon Wajcenberg option exercise price cut from $0.40 to $0.06 per share for 31,979,352 shares each.
- Company redeemed 212,500 shares of Series B Convertible Preferred Stock for $270,778.23; no Series B shares remain outstanding.
- Repricing makes 31.98M options per officer immediately exercisable at a fraction of original strike price.