Edgemode, Inc. (EDGM): debt financing — Edgemode closes $287,500 convertible note with ClearThink Capital; issues 17M shares

Edgemode, Inc.

Net proceeds of $250,000 after $37,500 OID; 12% interest; maturity Aug 31, 2026.
Note convertible at $0.01/share, subject to price-based downward adjustments; 9.99% beneficial ownership cap.
Company issued 17,000,000 commitment shares to investor as additional consideration.
Proceeds will be used for working capital; note is unsecured and issued in a private placement.
Private placement exempt under Section 4(a)(2) of the Securities Act.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Edgemode, Inc. incurred loan of $287,500 with an accredited investor at 12% maturing August 31, 2026.

Instrument: loan
Principal: $287,500
Counterparty: an accredited investor
Rate: 12%
Maturity: August 31, 2026
Event: incurrence

Exact text from the filing

the Company sold the Investor an unsecured original issue discount promissory note in the principal amount of $287,500

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Edgemode, Inc. issued 17,000,000 shares of common stock to an accredited investor for net proceeds of $250,000.

Security: common stock
Shares: 17,000,000 shares
Purchaser: an accredited investor
Consideration: net proceeds of $250,000

Exact text from the filing

Company sold the Investor an unsecured original issue discount promissory note in the principal amount of $287,500 (the “Promissory Note”). The Company received net proceeds of $250,000 in consideration of issuance of the Promissory Note and the proceeds from the sale of the Promissory Note shall be used for working capital. Pursuant to the Purchase Agreement, as

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10 debt financings filed in the last 30 days. Browse all debt financings →

Edgemode, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-007477

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