debt
confidence high
sentiment negative
materiality 0.70
Edgemode raises $250K via convertible note and issues 8.5M commitment shares to FirstFire Global
Edgemode, Inc.
- Sold $287,500 promissory note to accredited investor FirstFire Global for net proceeds of $250,000 after $6,000 legal fee withhold.
- Note carries 10% interest (24% on overdue), matures Sept 15, 2026; convertible at 65% of lowest closing price in prior 10 days.
- Issued 8,500,000 commitment shares as additional consideration; conversion shares subject to 4.99% beneficial ownership cap.
- Proceeds used for working capital; if company receives cash proceeds, investor may require up to 25% repayment at 110%.
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