Edgemode, Inc. (EDGM) Form 8-K — Oct 23, 2026
$EDGMForm 8-KItems 1.01, 2.03, 3.02, 9.01Filed Oct 23, 2026, 4:05 PM ET0001683168-26-008045Original filing
Edgemode, Inc. entered into a securities purchase agreement with Vanquish Funding Group Inc., issuing a $159,600 unsecured original issue discount convertible promissory note and receiving only $133,000 in net proceeds plus paying $8,000 of the investor's legal fees. The note carries a 15% one-time interest charge, matures July 15, 2027, and must be repaid in four monthly installments totaling $183,540.
Key figures
- Debt Amount
- 159600
- Interest Rate
- 15% one-time charge; 22% default interest
- Maturity Date
- July 15, 2027
- Gross Proceeds
- 133000
- Shares Outstanding
- 4791424217
- Total repayment
- 183540
- Payment schedule
- ["$91,770 April 15, 2027","$30,590 May 15, 2027","$30,590 June 15, 2027","$30,590 July 15, 2027"]
- Authorized shares
- 56000000000
- Conversion discount
- 61% of lowest closing price during 20 trading days (39% discount)
- Default acceleration
- 150% of outstanding amounts (200% in certain cases)
- Ownership cap percent
- 4.99
- Legal fee reimbursement
- 8000
- Original issue discount
- 26600
- Conversion wait period days
- 180
- Conversion only after default
- Yes
AI analysis
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