Edgemode entered into a Securities Purchase Agreement for an unsecured original issue discount promissory note to bolster working capital. The note carries a principal of $129,600 with net proceeds of $100,000, includes a one-time 15% interest charge at issuance, and matures on April 15, 2027. It is convertible only after an event of default at 61% of the lowest closing price over the prior 20 trading days, subject to a 4.99% ownership cap. The company also paid $8,000 in legal and due diligence fees.
Agreement details:
- Agreement type: Unsecured original issue discount promissory note and securities purchase agreement
- Counterparty: Vanquish Funding Group
- Signed / Effective: Jul 08 2026 / same
- Duration / Termination: Through Apr 15 2027
- Reason: Working capital
Original SEC Filing:
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