Core Insights - EdgeMode is seeking to rescind a share exchange agreement from early 2025 due to issues discovered during an internal portfolio review [1] - The rescission process may require judicial intervention and aims to reverse the transaction based on newly uncovered information [1] Financial Impact - The potential impact of the rescission represents less than 5.5% of EdgeMode's 1.8 gigawatts (GW) gross capacity AI datacentre portfolio in Spain [2] - If the rescission is completed, up to 1.56 billion shares issued under the agreement are expected to return to treasury, potentially reducing more than 50% of both potential and outstanding dilution [3] Strategic Developments - EdgeMode's board has terminated approximately 385 million unexercised stock options, eliminating 12.8% of potential dilution [2] - The company is developing scalable AI-ready datacentre campuses and integrated energy infrastructure across strategic global markets to meet the growing demand for AI and high-performance computing [4] Governance and Capital Structure - To ensure governance stability during the transition, EdgeMode has introduced a Series D preferred class of stock to support consistent oversight without causing economic dilution for common shareholders [4] - CEO Charlie Faulkner emphasized that the steps taken strengthen the capital structure and allow the company to focus on advancing its AI datacentre development pipeline in Spain [5] Partnership and Development Plans - In November 2025, EdgeMode signed a definitive agreement with Blackberry AIF (BAIF) to co-develop five large-scale datacentre sites in Spain, with EdgeMode holding a 75% stake in a special purpose vehicle [5][6] - The planned development encompasses over 1.5GW of Tier 3 datacentre capacity, marking it as one of Europe's largest ongoing AI-focused infrastructure initiatives [6] Market Valuation Potential - Upon reaching Ready-to-Build (RTB) status, each site could achieve sale valuations of up to $1 million per megawatt, driven by European demand for hyperscale and AI-compute capabilities [7]