Edgemode issues $129,600 unregistered promissory note in private placement

PUBT · 1d ago
Edgemode issues $129,600 unregistered promissory note in private placement
  • Edgemode entered a private placement on July 8, 2026, selling an unsecured original issue discount promissory note with $129,600 principal.
  • Net proceeds totaled USD 100,000 for working capital; USD 8,000 paid to the investor and counsel for legal and due diligence fees.
  • Note carries a one-time 15% interest charge applied at issuance; 22% applies to amounts not paid when due; maturity set for April 15, 2027.
  • Convertible into common stock only following an event of default at 61% of the lowest closing price over the prior 20 trading days.
  • Conversion capped at 4.99% ownership; payments scheduled from Jan. 15, 2027 through April 15, 2027.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Edgemode Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-005525), on July 14, 2026, and is solely responsible for the information contained therein.