secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0001683168-25-006726
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode sells $287.5K convertible notes, signs $50M equity line; CTO resigns
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825006726/0001683168-25-006726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825006726/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006726

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer