---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-005367"
form_type: "8-K"
ticker: "EDGM"
cik: "0001652958"
company_name: "Edgemode, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:12:28.707249+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Edgemode raises $60K net via $71,450 convertible note at 13%, discount conversion after default

## Summary
- Issued $71,450 principal convertible note to 1800 Diagonal Lending LLC for net proceeds of $60,000.
- Note bears 13% interest, matures May 15, 2024; nine monthly payments of $8,971.
- Conversion at 71% of lowest trading price in prior 20 days, only after an event of default.
- Events of default include failure to maintain OTC Markets listing or comply with 1934 Act reporting.
- Proceeds for working capital; 4.99% beneficial ownership limitation on conversion.

## SEC filing metadata
- accession: 0001683168-23-005367
- form_type: 8-K
- ticker: EDGM
- cik: 0001652958
- company_name: Edgemode, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1652958/000168316823005367/0001683168-23-005367-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652958/000168316823005367/edgemode_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-005367
- JSON: https://secwatch.observer/filing/0001683168-23-005367.json
- Plain text: https://secwatch.observer/filing/0001683168-23-005367.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652958/000168316823005367/0001683168-23-005367-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652958/000168316823005367/0001683168-23-005367-index.htm

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