debt
confidence high
sentiment negative
materiality 0.40
Edgemode raises $130,000 via convertible note with 60% discount conversion
Edgemode, Inc.
- Issued $150,000 convertible note (6% interest) to CFI Capital LLC; net proceeds $130,000 after $15K OID and $5K legal fees.
- Conversion price set at 60% of lowest trading price for 15 days prior to conversion; drops to 45% upon default.
- Proceeds to be used for working capital; note matures February 24, 2027.
- Note is convertible after 6 months, subject to 9.99% ownership cap.