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

Core Viewpoint - EdgeMode, Inc. has signed a non-binding term sheet for a $4 million convertible note financing to support the acquisition of Blackberry AIF and the development of digital infrastructure sites in Sweden, aiming for a target enterprise valuation of $1 billion [1][2]. Financing Details - The proposed convertible note will bear an interest rate of 8% per annum and mature 12 months after funding, with a conversion option available 180 days post-closing at a 35% discount to the average of the two lowest closing bid prices over the prior 15 trading days [3]. - EdgeMode retains the option to prepay the note at a premium of 120% within the first 90 days and 125% between days 91 and 180 [3]. Acquisition and Development - The anticipated capital will facilitate the acquisition of Blackberry AIF and enhance EdgeMode's asset base by approximately $140 million as new digital infrastructure sites in Sweden are brought online [2]. - The company is focused on developing high-potential infrastructure assets to significantly increase revenue potential and shareholder value [3]. Company Overview - EdgeMode, Inc. specializes in high-performance computing data centers, emphasizing energy-efficient colocation facilities for AI, machine learning, and cloud computing [5]. - The company is actively building scalable, sustainable data centers, starting with its flagship campus in Marviken, Sweden, supported by strategic partnerships and long-term energy contracts [5].