debt
confidence high
sentiment negative
materiality 0.85
Edgemode raises $350K via three OID promissory notes with deep-discount conversion and 11.9M inducement shares
Edgemode, Inc.
- Net proceeds of $100K from LGH note ($115K principal, 8% interest, $0.01 conversion, 3.4M inducement shares).
- Net proceeds of $125K from Crom note ($143.75K principal, 10% interest, conversion at 65% of 10-day low, 4.25M shares).
- Net proceeds of $125K from Jefferson note ($143.75K principal, same terms as Crom, 4.25M shares).
- Conversion prices reset to as low as $0.0075 or 70% of 15-day low (LGH) and 65% of 10-day low (Crom/Jefferson).
- All notes mature June 2026 (LGH) or Sept 2026 (Crom/Jefferson); proceeds used for working capital.
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