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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306 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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