Edgemode (NASDAQ: EDGM) CFO discloses 24.4% stake and 25.5% voting share
Rhea-AI Filing Summary
Edgemode, Inc. chief financial officer and director Simon Wajcenberg reports beneficial ownership of 728,917,710 shares of common stock, representing about 24.4% of the 2,985,583,481 outstanding shares as of November 12, 2025. This total includes 54,354,099 shares held in his wife’s name, over which he has sole voting and dispositive power.
On December 10, 2025, he also converted $386,000 of accrued salary under his employment agreement into one share of Series D Preferred Stock. That single preferred share votes together with common stock and carries voting power equal to 25.5% of the issued and outstanding common shares. He states that he acquired his securities with the purpose of exercising control over the company.
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FAQ
What ownership stake does Simon Wajcenberg report in Edgemode (EDGM)?
Simon Wajcenberg reports beneficial ownership of 728,917,710 shares of Edgemode common stock, representing approximately 24.4% of the 2,985,583,481 outstanding shares as of November 12, 2025.
How did Edgemode (EDGM) CFO acquire the Series D Preferred Stock?
On December 10, 2025, he converted $386,000 of accrued salary under his January 31, 2022 employment agreement, as amended, to acquire one share of Edgemode’s Series D Preferred Stock.
What voting power does the Series D Preferred Stock have at Edgemode (EDGM)?
Each share of Series D Preferred Stock is entitled to vote together with common stock and provides voting power equal to 25.5% of the issued and outstanding shares of Edgemode’s common stock.
Does the Edgemode (EDGM) CFO control shares held by his spouse?
Yes. His reported beneficial ownership includes 54,354,099 shares of Edgemode common stock held in his wife’s name, over which he has sole voting and dispositive power.
What is the stated purpose of the Edgemode (EDGM) CFO’s holdings?
He states that he acquired all of his Edgemode securities, including common and preferred holdings, with the purpose of exercising control over the company.
What agreements related to Edgemode (EDGM) securities are referenced?
The filing references a Conversion Letter Agreement dated December 10, 2025 between Simon Wajcenberg and Edgemode, which governs the salary conversion into Series D Preferred Stock.