other_material
confidence high
sentiment negative
materiality 0.80
Edgemode sells $287.5K convertible notes, signs $50M equity line; CTO resigns
Edgemode, Inc.
- Issued two unsecured convertible notes totaling $287,500 principal ($250K net) at 12% interest, due Aug 31, 2026.
- Notes convertible at $0.01/share, with fixed-price reset to $0.0075 if stock stays below $0.01 for 5 days.
- Entered $50M equity line with ClearThink; issued 25M restricted commitment shares; registration required.
- Issued 7.5M restricted shares to a consultant under amended services agreement.
- CTO and board member Dr. Niclas Adler resigned effective Sept 1, 2025; no disagreement cited.
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