Edgemode issues $129,600 unregistered promissory note in private placement

Edgemode entered a private placement on July 8, 2026, selling an unsecured original issue discount promissory note with $129,600 principal.

Net proceeds totaled USD 100,000 for working capital; USD 8,000 paid to the investor and counsel for legal and due diligence fees.

The note carries a one-time 15% interest charge applied at issuance; 22% applies to amounts not paid when due; maturity is set for April 15, 2027.

The note is convertible into common stock only following an event of default at 61% of the lowest closing price over the prior 20 trading days.

Conversion is capped at 4.99% ownership, and payments are scheduled from Jan. 15, 2027 through April 15, 2027.