secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0001683168-25-007301
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode raises $350K via three OID promissory notes with deep-discount conversion and 11.9M inducement shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825007301/0001683168-25-007301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825007301/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-007301

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