secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2026-06-09T20:03:16+00:00
Accession:  0001683168-26-004655
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826004655/0001683168-26-004655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826004655/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-004655

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