secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001683168-26-001729
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826001729/0001683168-26-001729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826001729/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-001729

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