secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2025-10-09T23:59:59+00:00
Accession:  0001683168-25-007477
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode closes $287,500 convertible note with ClearThink Capital; issues 17M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825007477/0001683168-25-007477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825007477/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-007477

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