secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2026-08-21T21:09:18+00:00
Accession:  0001683168-26-006657
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edgemode raises up to $1.15M convertible note from ClearThink; issues 200M shares
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- Sold up to $1,150,000 principal 12% convertible note; net proceeds up to $1.0M, $625K received to date.
- Issued 200,000,000 restricted shares to ClearThink Capital Partners as commitment consideration.
- Used $328K to satisfy existing notes and $225K payment to BlackBerry AIF under JV agreement.
- Note matures Dec 31, 2027, converts at 70% of lowest closing price in 10 trading days before conversion.
- Conversion capped at 9.99% beneficial ownership; default triggers include SEC filing failures and operational cessation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826006657/0001683168-26-006657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316826006657/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-006657

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