Edgemode, Inc. entered into a Securities Purchase Agreement with Vanquish Funding Group Inc., selling an unsecured original issue discount convertible promissory note with a principal amount of $159,600 for net proceeds of $133,000. The company paid $8,000 in legal and due diligence fees. The note bears a 15% one-time interest charge applied at issuance and matures on July 15, 2027. Repayment occurs via four monthly installments totaling the principal plus accrued interest, starting April 15, 2027. Conversion into common stock is restricted until after an event of default or 180 days post-issuance, at a discount to market price. Edgemode operates in the technology sector, providing software solutions for network and security management.
