secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2026-06-29T11:59:48+00:00
Accession:  0001683168-26-005143
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode enters non-binding offer to sell data center SPV, signs standstill with lenders
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- On June 24, 2026, Edgemode entered a non-binding offer with Spark AI Foundry Holdings to sell 100% of DC Estate Malpica, S.L., which owns a 300 MW data center project in Mora, Spain.
- The offer is non-binding and subject to due diligence; purchase price set at EUR 1,000,000 per MW of IT capacity, subject to negotiation.
- Edgemode entered standstill agreements with certain lenders holding ~$1,150,000 in convertible promissory notes, agreeing not to convert or sell shares for 30 days.
- The transaction involves acquisition of the SPV's shares upon reaching Ready-to-Build status, expected by end of year or Q1 next year.
- The land lease is for 35 years at EUR 2,000 per hectare per year, and the project uses off-grid energy model with natural gas SOFC and solar.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826005143/0001683168-26-005143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826005143/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-005143

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