debt
confidence high
sentiment neutral
materiality 0.45
Edgemode issues $81.6K promissory note to Vanquish Funding for $68K net proceeds
Edgemode, Inc.
- Unsecured OID note with $81,600 principal; net proceeds of $68,000 for working capital.
- One-time 15% interest (22% upon default); maturity June 15, 2026.
- Convertible upon default at 71% of lowest 20-day VWAP; 4.99% ownership cap.
- Monthly principal payments: $46,920 March 15, 2026, then $15,640 each through June 15, 2026.
- $8,000 paid to investor for legal and due diligence fees.
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