secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001683168-25-002328
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.02, 5.02, 5.03, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode issues 55% of stock to acquire SAPL, enters HPC colocation business
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/0001683168-25-002328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-002328

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