other material
confidence high
sentiment neutral
materiality 0.60
Edgemode enters non-binding term sheet to sell Spanish land sites to Pure Data Centres
Edgemode, Inc.
- Non-binding term sheet with Pure Data Centres Group Limited to sell equity interests in land sites in Cordoba, Palma, Vianos, and Caceres, Spain.
- Acquisition structured as share purchase agreement; conditions precedent include securing permits and a binding hyperscale customer lease.
- Edgemode granted 60-day exclusivity to Pure Data Centres; no assurance definitive documentation will be executed.
- Term sheet also provides Edgemode an option to enter a joint venture with Pure to assist in data center development.