secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0001683168-25-008770
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode issues $143,750 convertible note with 12% interest, OID, and 1.25M commitment shares
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- Net proceeds of $125,000 after $18,750 OID; note matures Nov 20, 2026 with 12% one-time interest.
- Conversion price $0.01/share after 180 days; resets to $0.0075 if stock below $0.01 for 5 days, then to lowest traded price on default.
- 1,250,000 commitment shares issued as additional consideration for the note purchase.
- Conversion capped at 9.99% beneficial ownership; note convertible any time after an event of default.
- Proceeds used for working capital; note is secured by standard events of default including failure to maintain OTC listing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825008770/0001683168-25-008770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825008770/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-008770

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer