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Edgemode, Inc. – ‘8-K’ for 8/4/23

On:  Monday, 8/7/23, at 6:39pm ET   ·   As of:  8/8/23   ·   For:  8/4/23   ·   Accession #:  1683168-23-5367   ·   File #:  0-55647

Previous ‘8-K’:  ‘8-K’ on 4/28/23 for 4/25/23   ·   Latest ‘8-K’:  This Filing   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/08/23  Edgemode, Inc.                    8-K:1,2,3,9 8/04/23   12:355K                                   GlobalOne Filings Inc/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     26K 
 2: EX-10.1     Form of Securities Purchase Agreement for Purchase  HTML     66K 
                of Promissory Note                                               
 3: EX-10.2     Form of Promissory Note                             HTML     70K 
 7: R1          Cover                                               HTML     42K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 8: XML         XBRL Instance -- edgemode_8k_htm                     XML     14K 
 9: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 5: EX-101.LAB  XBRL Labels -- fwav-20230804_lab                     XML     96K 
 6: EX-101.PRE  XBRL Presentations -- fwav-20230804_pre              XML     64K 
 4: EX-101.SCH  XBRL Schema -- fwav-20230804                         XSD     12K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    35K 
12: ZIP         XBRL Zipped Folder -- 0001683168-23-005367-xbrl      Zip     52K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

FORM  i 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):  i August 4, 2023

 

 i Edgemode, Inc.

(Exact name of registrant as specified in its charter)

 

 i Nevada    i 000-55647    i 47-4046237
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

 i 110 E. Broward Blvd.,  i Suite 1700,  i Ft. Lauderdale,  i FL  i 33301

(Address of Principal Executive Offices, and Zip Code)

 

 i (707)  i 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:

 

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
 i  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  i 

 

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 August 4, 2023, Edgemode, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Promissory Note 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 $71,450 (the “Promissory Note”). The Company received net proceeds of $60,000 in consideration of issuance of the Promissory Note.

  

The Promissory Note shall bear interest at a rate of 13% and have a maturity date of May 15, 2024. The Promissory Notes are convertible into common shares of the Company at any time following an event of default. The conversion price shall be 71% of the lowest trading price of the Company’s common stock during the 20 trading days prior to the conversion date. The outstanding principal and accrued interest shall be paid in nine monthly payments of $8,971.

 

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 Notes 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 Promissory Note Purchase Agreement and the Promissory Note are not complete and are qualified in its entirety by the full text of the Promissory Note 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   Description
     
10.1   Form of Securities Purchase Agreement for purchase of Promissory Note
     
10.2   Form of Promissory Note
     
104   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.

 

  Edgemode, Inc.
     
Dated: August 7, 2023 By: /s/ Charles Faulkner
  Name:   Charles Faulkner
  Title: Chief Executive Officer

 

 

 

 

 2 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
5/15/24None on these Dates
Filed as of:8/8/23
Filed on:8/7/23
For Period end:8/4/23
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/30/24  Edgemode, Inc.                    10-K/A     12/31/23    3:144K                                   GlobalOne Filings Inc/FA
 4/26/24  Edgemode, Inc.                    10-K       12/31/23   65:4.5M                                   GlobalOne Filings Inc/FA
11/08/23  Edgemode, Inc.                    10-Q        9/30/23   46:2.9M                                   GlobalOne Filings Inc/FA
 8/14/23  Edgemode, Inc.                    10-Q        6/30/23   46:2.9M                                   GlobalOne Filings Inc/FA
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