secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001683168-23-000361
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode reprices CEO/CFO options to $0.06; redeems all Series B preferred for $271K
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316823000361/0001683168-23-000361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316823000361/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-000361

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