debt
confidence high
sentiment neutral
materiality 0.30
Edgemode issues $81,600 promissory note with OID to accredited investor
Edgemode, Inc.
- Principal $81,600; net proceeds $60,000 after $8,000 legal/due diligence fees.
- Note carries 13% one-time interest (22% default); matures May 15, 2026.
- Repayment in four monthly installments starting Feb 15, 2026 ($46,920, then $15,640 each).
- Convertible into common at 71% of lowest 20-day VWAP upon event of default; 4.99% blocker.
- Proceeds used for working capital; issuer is OTC-traded (no ticker in filing).
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