Edgemode entered a non-binding term sheet to potentially sell its equity interests in leasehold land sites in Spain for data center development.
Key Highlights:
- Signed non-binding term sheet with a purchaser to sell equity interests in entities owning leaseholds in Córdoba, Palma, Vianos and Cáceres.
- Buyer plans to use the land for data center projects; transaction expected as a share purchase agreement.
- Company granted a 60-day exclusivity period to negotiate; sale subject to due diligence and definitive documents.
- Term sheet contemplates option for a joint venture and anticipates customary reps, warranties and indemnities.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.