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EdgeMode Signs Non-Binding Term Sheet for $4 Million Convertible Note to Support Infrastructure Development and Growth Strategy

FORT LAUDERDALE, Fla., Aug. 07, 2025 (GLOBE NEWSWIRE) -- EdgeMode, Inc. (OTC:EDGM), a next-generation provider of high-performance, sustainable computing infrastructure, today announced it has signed a non-binding term sheet for a $4 million convertible note financing, subject to the execution of definitive agreements and closing.

The anticipated capital will support the acquisition of Blackberry AIF as well as the development of EdgeMode's recently acquired digital infrastructure sites in Sweden. This acquisition is expected to immediately increase the Company's asset base by approximately $140 million. As these sites are brought online and connected to power, EdgeMode remains focused on achieving its target enterprise valuation of $1 billion.

"This proposed financing is another step toward executing our long-term vision," said Simon Wajcenberg, Chief Financial Officer of EdgeMode. "We are acquiring high-potential infrastructure assets, and as we secure power and develop these sites, we believe we are on a clear path to significantly increasing both revenue potential and shareholder value."

Under the proposed terms, the convertible note would bear interest at 8% per annum and mature 12 months after funding. It would become convertible 180 days after closing at a 35% discount to the average of the two lowest closing bid prices over the prior 15 trading days, subject to a 4.99% ownership cap at any time. EdgeMode would retain the option to prepay the note at a premium of 120% within the first 90 days and 125% between days 91 and 180. The investor has also agreed not to engage in short selling or hedging activity involving EdgeMode common stock during the term of the ...