Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.98
Edgemode, Inc. incurred convertible notes of $71,450 with accredited investor at 13% maturing May 15, 2024.
- Instrument
- convertible notes
- Principal
- $71,450
- Counterparty
- accredited investor
- Rate
- 13%
- Maturity
- May 15, 2024
- Event
- incurrence
Exact text from the filing
On August 4, 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 original issue discount promissory note in the principal amount of $71,450 (the "Promissory Note"). The Company received net proceeds of $60,000 in consideration of issuance of the Promissory Note. The Promissory Note shall bear interest at a rate of 13% and have a maturity date of May 15, 2024. The Promissory Notes are convertible into common shares of the Company at any time following an event of default.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Edgemode, Inc. entered into Promissory Note Purchase Agreement with an accredited investor valued at $71,450 (effective 2023-08-04).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- an accredited investor
- Value
- $71,450
- Effective
- 2023-08-04
Exact text from the filing
On August 4, 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 original issue discount promissory note in the principal amount of $71,450 (the “Promissory Note”).
View on SEC.gov