Edgemode signs leakout deal limiting conversions of $1.65 million in convertible notes through Dec. 31
EDGM•Leakout agreement limits note conversions through year-end 2026
Edgemode entered a leakout agreement with lenders holding about $1.65 million of convertible promissory notes, replacing a June 25 standstill.
The deal caps conversions or transfers at 30% of each lender’s current owed balance per 30 days, dropping to 15% if shares close below $0.003.
The restrictions run through Dec. 31, 2026.
