Monitor for any missed payment or event of default, which would trigger conversion at a 39% discount to market, causing massive dilution. The first payment of $91,770 is due April 15, 2027 — any delay or default before then would be highly bearish. Watch for any subsequent distressed financing rounds.
Price Chart
Executive Summary
Edgemode, Inc. entered into a securities purchase agreement with Vanquish Funding Group Inc., issuing a $159,600 convertible promissory note (with $26,600 original issue discount) for net proceeds of $133,000. The note carries a 15% one-time interest charge, matures July 15, 2027, and is convertible into common stock at a 39% discount to the lowest trading price only after an event of default and after 180 days. The company received $133,000 in net proceeds for working capital, but the deeply discounted conversion terms and aggressive default acceleration (150%-200% of outstanding) signal distressed financing.
Key Financial Metrics
Key Facts
- Issued $159,600 principal convertible promissory note with $26,600 original issue discount, netting $133,000 proceeds.
- Conversion price set at 61% of the lowest trading price during the 20 trading days prior to conversion (39% discount).
- Conversion only permitted after an event of default and after 180 days from issuance.
- Mandatory monthly payments: $91,770 on April 15, 2027, then $30,590 on May 15, June 15, and July 15, 2027 (total $183,540).
- Default triggers immediate acceleration at 150% of outstanding (200% in certain circumstances).
- Company has 4,791,424,217 shares outstanding; authorized shares total 56,000,000,000.
- Proceeds used for working capital; company also paid $8,000 for buyer's legal and due diligence fees.
- Note is unsecured and issued under Section 4(a)(2) exemption from registration.
Financial Impact
Net proceeds of $133,000 against a $159,600 principal note with a 39% discount conversion feature — potential dilution is severe if default triggers conversion. Total payback obligation is $183,540 if paid in cash.
Risk Factors
- Deeply discounted conversion (39% below market) would cause severe dilution to existing shareholders upon default.
- Aggressive default acceleration (150%-200% of outstanding) increases financial strain.
- Small absolute raise ($133K net) suggests acute near-term cash needs; may signal inability to access traditional financing.
- Cross-default provisions with other Vanquish Funding debt could trigger cascading defaults.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-008045 |
| Document: edgemode_ex1001.htm | 0001683168-26-008045 |
| Document: edgemode_8k.htm | 0001683168-26-008045 |
| Document: 0001683168-26-008045-index-headers.html | 0001683168-26-008045 |
| Document: 0001683168-26-008045-index.html | 0001683168-26-008045 |
| Document: 0001683168-26-008045.txt | 0001683168-26-008045 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $0.000300 $0.000200 | ▲ +33.33% | ▲ +33.84% | $0.000300 (−0.00%) |
Oct 16, 2026 11d ago | 8-K | $0.000200 $0.000200 | · 0.00% | ▼ −0.34% | $0.000300 (+50.00%) |
Aug 21, 2026 9w ago | 8-K | $0.000600 $0.000500 | ▲ +16.67% | ▲ +16.99% | $0.000300 (+50.00%) |
Jun 29, 2026 17w ago | 8-K | $0.003400 $0.003800 | ▲ +11.76% | ▲ +10.99% | $0.000300 (−91.18%) |
Mar 4, 2026 33w ago | 8-K | $0.0118 $0.0106 | ▲ +10.17% | ▲ +8.86% | $0.000300 (+97.46%) |
US Market Status
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