secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2026-07-14T20:05:14+00:00
Accession:  0001683168-26-005525
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode raises $100K via convertible promissory note with 15% OID
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- Issued $129,600 principal note to Vanquish Funding Group; net proceeds $100,000 after $21,600 OID.
- Note bears 15% one-time interest (22% default rate), matures April 15, 2027.
- Payable in four monthly installments starting Jan 15, 2027: $74,520 then three $24,840 payments.
- Convertible into common stock upon default at 61% of lowest trading price over prior 20 days.
- Proceeds used for working capital; company paid $8,000 in legal and due diligence fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826005525/0001683168-26-005525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826005525/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-005525

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