UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On February 24, 2026, Edgemode, Inc. (the “Company”) entered into a securities purchase agreement (the “Agreement”) with an accredited investor (the “Holder”), pursuant to which the Company issued to the Holder a convertible promissory note in the principal amount of $150,000, with an original issuance discount of $15,000 (the “Promissory Note”) for which the Company received net proceeds of $130,000 following the payment of the Holder’s legal costs of $5,000. The proceeds from the sale of the Promissory Note shall be used for working capital.
Beginning on February 24, 2026, the Promissory Note accrues interest at a rate of 6% per annum, payable in shares of the Company’s common stock, and matures on February 24, 2027. The Promissory Note may be prepaid subject to prepayment penalties and premiums. The Promissory Note is convertible into shares of the Company’s common stock after the sixth month anniversary of the date of issuance at a conversion price equal to 60% of the lowest trading price of the Company’s common stock as reported on the OTC Markets (or the securities exchange on which the common stock is then-listed) for the 15 trading days prior to the Company receiving the Holder’s notice of conversion, including the day upon which the Company receives such notice.
The Promissory Note provides for standard and customary events of default such as failing to timely make payments under the Promissory Note when due, failure of the Company to timely comply with its reporting requirements with the Securities and Exchange Commission and the failure to maintain a listing on the OTC Markets. Upon the occurrence of an event of default, the Promissory Note may become immediately due and payable without demand and the conversion price of the Promissory Note shall be adjusted from 60% to 45% of the lowest trading price of the Company’s common stock for the 15 trading days prior to conversion. At no time may the Promissory Note be converted into shares of the Company’s common stock if such conversion would result in the Holder, or its affiliates, owning an aggregate of more than 9.99% of the then outstanding shares of the Company’s common stock.
The Promissory Note was issued in a private placement in reliance upon an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933.
The description of the Agreement and the Promissory Note are not complete and are qualified in their entirety by the full text of the Agreement and the Promissory Note, filed herewith as Exhibits 10.1 and 10.2 which are incorporated by reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit # | Exhibit Description | ||
| 10.1 | Securities Purchase Agreement between Edgemode, Inc. and investor dated February 24, 2026 | ||
| 10.2 | Promissory Note issued by Edgemode, Inc. in favor of investor dated February 24, 2026 | ||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Edgemode, Inc. | ||
| Dated: March 4, 2026 | By: | /s/ Charles Faulkner |
| Name: | Charles Faulkner | |
| Title: | Chief Executive Officer | |
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