other material
confidence high
sentiment negative
materiality 0.70
Edgemode reduces CEO/CFO option exercise prices to $0.005/share in exchange for $100k accrued salary conversion
Edgemode, Inc.
- CEO Faulkner and CFO Wajcenberg each converted $50k of accrued salary to reduce option exercise price to $0.005/share.
- Options cover ~185.6M shares per executive from three grants (Jan 2022, Sep 2022, Mar 2023) originally priced $0.04-$0.10.
- Accrued salaries of $173k (CEO) and $130k (CFO) had been outstanding; only $50k per executive converted.