---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-002754"
form_type: "8-K"
ticker: "EDGM"
cik: "0001652958"
company_name: "Edgemode, Inc."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:34:37.200163+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Edgemode issues $117,502 in convertible promissory notes with 10% interest and steep discount conversion

## Summary
- Sold $60,000 unsecured note on Apr 25 and $57,502 convertible note on Apr 26, both with 10% interest.
- Notes mature May 25 and May 26, 2023; if unpaid, convertible at lower of $0.20 or 50% of 5-day VWAP (floor $0.01).
- Company reserved 11,750,200 common shares for full conversion of both notes.
- Proceeds to be used for repurchase of Series B preferred stock and general working capital.
- Notes include 'most favored nation' clause allowing investors to claim future better terms.

## SEC filing metadata
- accession: 0001683168-23-002754
- form_type: 8-K
- ticker: EDGM
- cik: 0001652958
- company_name: Edgemode, Inc.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1652958/000168316823002754/0001683168-23-002754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652958/000168316823002754/edgemode_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-002754
- JSON: https://secwatch.observer/filing/0001683168-23-002754.json
- Plain text: https://secwatch.observer/filing/0001683168-23-002754.txt

## Key facts
- Debt Financings
  Edgemode, Inc. incurred convertible notes of $57,502 with another Investor at ten percent (10%) maturing May 26, 2023.
  - Instrument: convertible notes
  - Principal: $57,502
  - Counterparty: another Investor
  - Rate: ten percent (10%)
  - Maturity: May 26, 2023
  - Event: incurrence
  source text: on April 26, 2023, the Company entered into a Promissory Note Purchase Agreement with another Investor, pursuant to which the Company sold the Investor an unsecured convertible promissory note in the principal amount of $57,502 Promissory Note.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652958/000168316823002754/0001683168-23-002754-index.htm
- Debt Financings
  Edgemode, Inc. incurred loan of $60,000 with an accredited investor at ten percent (10%) maturing May 25, 2023.
  - Instrument: loan
  - Principal: $60,000
  - Counterparty: an accredited investor
  - Rate: ten percent (10%)
  - Maturity: May 25, 2023
  - Event: incurrence
  source text: On April 25, 2023, Edgemode, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Promissory Note Purchase Agreement”) with an accredited investor (the “Investor”), pursuant to which the Company sold the Investor an unsecured promissory note in the principal amount of $60,000 (the “Promissory Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652958/000168316823002754/0001683168-23-002754-index.htm
- Material Agreements
  Edgemode, Inc. entered into Promissory Note Purchase Agreement with another accredited investor valued at $57,502 (effective 2023-04-26).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: another accredited investor
  - Value: $57,502
  - Effective: 2023-04-26
  source text: on April 26, 2023, the Company entered into a Promissory Note Purchase Agreement with another Investor, pursuant to which the Company sold the Investor an unsecured convertible promissory note in the principal amount of $57,502
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652958/000168316823002754/0001683168-23-002754-index.htm
- Material Agreements
  Edgemode, Inc. entered into Promissory Note Purchase Agreement with accredited investor valued at $60,000 (effective 2023-04-25).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: accredited investor
  - Value: $60,000
  - Effective: 2023-04-25
  source text: On April 25, 2023, Edgemode, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Promissory Note Purchase Agreement”) with an accredited investor (the “Investor”), pursuant to which the Company sold the Investor an unsecured promissory note in the principal amount of $60,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652958/000168316823002754/0001683168-23-002754-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.