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Edgemode Issues $159,600 Convertible Note to Accredited Investor
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Edgemode Issues $159,600 Convertible Note to Accredited Investor
  • Edgemode issued a $159,600 unsecured original issue discount convertible promissory note to an accredited investor, effective October 19, 2026.
  • Net proceeds of $133,000 will fund working capital; the company separately paid $8,000 to reimburse investor legal and due diligence fees.
  • The note carries a one-time 15% interest charge, with repayment in four monthly installments from April 15 through July 15, 2027.
  • Default triggers 22% annual interest on overdue amounts; accelerated repayment equals 150% of outstanding obligations, rising to 200% in certain circumstances.
  • Conversion requires default and 180 days from issuance; pricing is 61% of the lowest closing trading price over the preceding 20 trading days.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Edgemode Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-008045), on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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