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UNITED
STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 15, 2025
Edgemode,
Inc.
(Exact name of registrant as specified in its charter)
Nevada |
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000-55647 |
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47-4046237 |
(State or Other Jurisdiction
of Incorporation) |
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(Commission
File Number) |
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(I.R.S. Employer
Identification No.) |
110 E. Broward Blvd., Suite 1700, Ft. Lauderdale,
FL 33301
(Address of Principal Executive Offices, and Zip
Code)
(707) 687-9093
Registrant’s Telephone Number, Including
Area Code
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
None |
Not Applicable |
Not Applicable |
Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule
12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On September 15, 2025, Edgemode, Inc. (the “Company”)
entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”),
pursuant to which the Company sold the Investor an unsecured original issue discount promissory note in the principal amount of $287,500
(the “Promissory Note”) for which the Company received net proceeds of $250,000. The proceeds from the sale of the Promissory
Note shall be used for working capital. Pursuant to the Purchase Agreement, as consideration for the purchase of the Promissory Note,
the Company also issued 8,500,000 shares of the Company’s common stock to the Investor (the “Commitment Shares”). The
Investor also withheld $6,000 from the purchase price of the Promissory Note for the Investor’s legal fees.
The Promissory Note carries an interest rate of 10%
per annum (24% per annum or the lesser of the maximum amount permitted by law on any principal amount not paid when the Promissory Note
is due) and has a maturity date of September 15, 2026, which is also the date upon which the principal amount of the Promissory Note and
any accrued unpaid interest is due and payable. The Promissory Note is convertible into common stock of the Company at any time on or
following the date of issuance. The conversion price shall be (i) 65% of the lowest closing price of the Company’s common stock
on the applicable principal market on any trading day during the ten trading days prior to the date of conversion or (ii) $0.01, subject
to adjustment as provided in the Promissory Note.
Pursuant to the Promissory Note, if the Company receives
cash proceeds from any source or from the sale of assets by the Company, the Investor has the right to require the Company to apply up
to 25% of such proceeds to the repayment of the outstanding principal amount and interest. If the Company makes any repayment from the
receipt of cash proceeds prior to the occurrence of an Event of Default (as defined in the Promissory Note), the Company shall pay to
the Investor an amount equal to the sum of: (i) 110% multiplied by the principal amount of the Promissory Note then outstanding plus (ii)
110% multiplied by the accrued and unpaid interest on the principal amount of the Promissory Note. Upon the occurrence of any Event of
Default (as defined in the Promissory Note), the Promissory Note shall become immediately due and payable.
The Purchase Agreement provides that, if the Company
intends to file a registration statement for the resale of its securities, the Investor may request that shares underlying the Promissory
Note, as well as the Commitment Shares issued under the Purchase Agreement, be included in such registration statement. The Promissory
Note provides for standard and customary events of default such as failing to timely make payments under the Promissory Note when due,
the failure of the Company to timely comply with the Securities Exchange Act of 1934 reporting requirements and the failure to maintain
a listing on the OTC Markets. The Promissory Note also contains customary covenants. At no time may the Promissory Note be converted into
shares of the Company’s common stock if such conversion would result in the Investor, or its affiliates owning an aggregate of more
than 4.99% of the then outstanding shares of the Company’s common stock.
The Promissory Note and Commitment Shares were 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 Purchase Agreement and the
Promissory Note are not complete and are qualified in their entirety by the full text of the Purchase Agreement and the Promissory Note,
filed herewith as Exhibits 10.1 and 10.2 which are incorporated by reference into this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided above in Item 1.01 herein
is incorporated by reference into this Item 2.03.
Item 3.02 Unregistered Sales of Equity Securities.
The information provided above in Item 1.01 herein
is incorporated by reference into this Item 3.02.
Item 9.01 Financial Statements and Exhibits.
Exhibit |
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Description |
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10.1 |
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Securities Purchase Agreement between Edgemode, Inc. and FirstFire Global Opportunities Fund, LLC dated September 15, 2025 |
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10.2 |
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Promissory Note issued by Edgemode, Inc. in favor of FirstFire Global Opportunities Fund, LLC dated September 15, 2025 |
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104 |
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Cover Page Interactive Data File (embedded within the inline XBRL document) |
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.
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Edgemode, Inc. |
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Dated: September 19, 2025 |
By: |
/s/ Charlie Faulkner |
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Name: |
Charlie Faulkner |
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Title: |
Chief Executive Officer |