Monitor for definitive agreement execution or termination within 60-day exclusivity period; successful RTB permitting is critical. The standstill removes near-term dilution risk but is only 30 days. Stock may re-rate on progress toward definitive SPA.
Price Chart
Executive Summary
Edgemode entered a non-binding offer with Spark AI Foundry Holdings LLC to sell 100% of its SPV holding the DC Malpica AI 300 MW data center project in Spain for EUR 1,000,000 per MW of IT capacity (up to ~EUR 300M). Simultaneously, the company secured a 30-day standstill with convertible note lenders holding ~$1.15M aggregate principal to facilitate refinancing. The deal is non-binding and contingent on due diligence and definitive documentation.
Key Facts
- Non-binding offer for 100% of DC Estate Malpica, S.L. (SPV) at EUR 1,000,000 per MW of IT capacity
- Standstill agreement with note holders covering ~$1,150,000 in convertible notes for 30 days
- Project is a 300 MW off-grid AI data center campus in Mora, Spain; RTB expected late 2026/early 2027
- Company listed on OTC, pre-revenue, multiple prior name changes (Wadena Corp., Pierre Corp., Fourth Wave Energy)
Financial Impact
Potential acquisition value up to ~EUR 300M for a 300 MW project (not yet final); standstill covers ~$1.15M in convertible notes
Risk Factors
- Non-binding offer may not lead to definitive agreement
- Environmental permit and building permit still pending; RTB timeline uncertain
- Company has no operating revenue and limited financial resources
- Potential dilution from convertible notes if refinancing fails
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-005143 |
| Document: edgemode_ex1002.htm | 0001683168-26-005143 |
| Document: edgemode_8k.htm | 0001683168-26-005143 |
| Document: 0001683168-26-005143-index-headers.html | 0001683168-26-005143 |
| Document: 0001683168-26-005143-index.html | 0001683168-26-005143 |
| Document: 0001683168-26-005143.txt | 0001683168-26-005143 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $0.000200 | awaiting T+5 | — | $0.000300 (−50.00%) |
Oct 16, 2026 10d ago | 8-K | $0.000200 $0.000200 | · 0.00% | ▲ +0.14% | $0.000300 (+50.00%) |
Aug 21, 2026 9w ago | 8-K | $0.000600 $0.000500 | ▲ +16.67% | ▲ +17.14% | $0.000300 (+50.00%) |
Jun 29, 2026 17w ago | 8-K | $0.003400 $0.003800 | ▲ +11.76% | ▲ +10.38% | $0.000300 (−91.18%) |
Mar 4, 2026 33w ago | 8-K | $0.0118 $0.009300 | ▲ +21.19% | ▲ +18.95% | $0.000300 (+97.46%) |
US Market Status
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