Edgemode issues $300K convertible note to IG Holdings, receives $250K net proceeds

Edgemode, Inc.

Principal $300,000 with $50,000 OID; net proceeds $250,000 for working capital.
12% interest per annum; matures August 3, 2026.
Convertible at $0.01/share after 180 days or upon default; price resets to $0.0075 if stock below $0.01 for 5 days.
Note prohibits senior borrowings without holder consent; standard events of default.
Issued in private placement under Section 4(a)(2) to accredited investor IG Holdings Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Edgemode, Inc. entered into Securities Purchase Agreement with accredited investor valued at $300,000 convertible promissory note with $50,000 original issuance discount, net proceeds $250,000 (effective 2026-06-03).

Action: entry
Agreement: credit facility
Counterparty: accredited investor
Value: $300,000 convertible promissory note with $50,000 original issuance discount, net proceeds $250,000
Effective: 2026-06-03

Exact text from the filing

Effective June 3, 2026, Edgemode, Inc. (the “Company”) entered into a securities purchase agreement (the “Agreement”) with an accredited investor (the “Holder”).

View on SEC.gov

801 material agreements filed in the last 30 days. Browse all material agreements →

Edgemode, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-004655

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.