8-K
filed April 8, 2025, 7:59 PM ET
ticker EDGM
CIK 0001652958
M&A
confidence high
sentiment neutral
materiality 0.90
Edgemode, Inc. (EDGM): M&A transaction — Edgemode issues 55% of stock to acquire SAPL, enters HPC colocation business
Edgemode, Inc.
- Edgemode issues 1.26B shares (55% of outstanding) to acquire SAPL, gaining HPC colocation assets in Sweden.
- SAPL holds ~95MW power purchase agreement and 10-year lease for 16MW IT load data center; estimated $70M to complete.
- Assumes 5% promissory note of $1.75M from SAPL to Marviken Two, secured by Marviken property, due Dec 2027.
- Dr. Niclas Adler appointed CTO and board member; base salary $400k, quarterly bonus $150k, option for 385.8M shares at $0.005.
- Existing executives Faulkner and Wajcenberg get salary increases to $400k and option grants of 257.2M shares each at $0.005.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Edgemode, Inc. incurred loan of $1,750,000 with Marviken Two at 5% maturing December 3, 2027.
- Instrument
- loan
- Principal
- $1,750,000
- Counterparty
- Marviken Two
- Rate
- 5%
- Maturity
- December 3, 2027
- Event
- incurrence
Exact text from the filing
Edgemode also assumed the Note in the principal amount of $1,750,000 and the Note bears an annual interest rate of 5%.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Niclas Adler was appointed as Board member at Edgemode, Inc..
- Action
- appointed
- Role
- Board member
Exact text from the filing
Dr. Adler was appointed as Chief Technology Officer and as a Board member of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Niclas Adler was appointed as Chief Technology Officer at Edgemode, Inc..
- Action
- appointed
- Role
- Chief Technology Officer
Exact text from the filing
Dr. Adler was appointed as Chief Technology Officer and as a Board member of the Company
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Edgemode, Inc.: Increased authorized common stock to 7,000,000,000 shares via Certificate of Amendment filed with Nevada Secretary of State (effective 2025-04-07).
- Change
- charter amendment
- Effective
- 2025-04-07
Exact text from the filing
Effective April 7, 2025, the Company filed with the Nevada Secretary of State a Certificate of Amendment to the Company’s Certificate of Incorporation, as amended, increasing the Company’s authorized common stock to 7,000,000,000 shares.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Edgemode, Inc.: Company ceased being a shell company as a result of the closing of the Share Exchange.
- Change
- shell status
Exact text from the filing
As a result of the closing of the Share Exchange described in Items 1.01 and 2.01 of this report, which description is incorporated by reference in this Item 5.06 of this report, the Company ceased being a shell company as such term is defined in Rule 12b-2 under the Exchange Act.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Edgemode, Inc. completed an acquisition involving Synthesis Analytics Production Ltd for 1,260,246,354 shares of Edgemode common stock, par value $0.001 per share (closed 2025-04-07).
- Action
- acquisition
- Counterparty
- Synthesis Analytics Production Ltd
- Consideration
- 1,260,246,354 shares of Edgemode common stock, par value $0.001 per share
- Closing
- 2025-04-07
Exact text from the filing
our,” the “Company” or “Edgemode”), Synthesis Analytics Production Ltd, an England and Wales private limited company (“SAPL”), and Adler Capital Limited, a company registered in Hong Kong, and the sole shareholder of SAPL,
View on SEC.gov
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