Edgemode issues $120K convertible note with OID, net proceeds $92K for working capital

Edgemode, Inc.

Issued $120,000 convertible promissory note to Vanquish Funding Group with $15,000 OID; net proceeds $92,000 after $8,000 legal costs.
Note carries 15% one-time interest, matures Dec. 15, 2026; payments due Sept. 15, Nov. 15, Dec. 15, 2026 totaling $138,000.
Upon default, conversion price is 61% of lowest closing price in prior 20 trading days; default triggers 150% penalty plus 22% default interest.
Proceeds used for general working capital; note is convertible only up to 4.99% beneficial ownership cap.
Private placement exempt from registration under Section 4(a)(2) of Securities Act.

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