secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0001683168-25-007151
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode raises $250K via convertible note and issues 8.5M commitment shares to FirstFire Global
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825007151/0001683168-25-007151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825007151/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-007151

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