Core Viewpoint - EdgeMode is making progress in the regulatory review of its Form 211 submission to FINRA, which is a crucial step for enabling broker-dealers to publish quotations for the company's common stock in a qualified quotation system [1][2]. Regulatory Process - The sponsoring market maker has submitted the Form 211 and received an initial comment letter from FINRA, indicating that the review process is underway and that the company is engaging constructively with regulators [2][4]. - SEC Rule 15c2-11 requires broker-dealers to maintain current information about an issuer before publishing quotations, and clearance of Form 211 allows the sponsoring market maker to initiate quotations [3]. Company Objectives - Progress in the Form 211 process aligns with EdgeMode's broader corporate objectives, which include enhancing quoting capabilities and supporting broader participation from broker-dealers and investors [5]. - The company is advancing its power-secured, AI-ready data center campuses toward a Ready-to-Build (RTB) status and expanding strategic relationships across the energy, infrastructure, and capital-markets ecosystem [9]. Company Overview - EdgeMode develops scalable AI-ready data center campuses and integrated energy infrastructure, focusing on power-secured developments to meet the growing demand for AI and high-performance computing [7].

Core Insights - EdgeMode is making progress in the review of its Form 211 submission to FINRA, which is a crucial regulatory step for enabling broker-dealers to publish quotations for the company's common stock [1][2]. Regulatory Process - The sponsoring market maker has submitted the Form 211 and received an initial comment letter from FINRA, indicating that the review process is underway and that the company is engaging constructively with regulators [2][4]. - SEC Rule 15c2-11 requires broker-dealers to maintain current information about an issuer before publishing quotations, and clearance of Form 211 allows the sponsoring market maker to initiate quotations [3]. Company Objectives - Progress in the Form 211 process aligns with EdgeMode's broader corporate objectives, which include enhancing quoting capabilities and supporting broader participation from broker-dealers and investors [5]. - The company is advancing its power-secured, AI-ready data center campuses toward a Ready-to-Build (RTB) status and is expanding strategic relationships across the energy, infrastructure, and capital-markets ecosystem [9]. Company Overview - EdgeMode develops scalable AI-ready data center campuses and integrated energy infrastructure, focusing on power-secured developments to meet the growing demand for AI and high-performance computing [7].

Core Insights - EdgeMode, Inc. has announced the results of an internal review regarding legacy agreements and provided updates on its AI Data Center development in Spain [1] Internal Review of Legacy Agreements - The company identified issues in a share exchange agreement completed earlier this year and intends to pursue rescission based on newly discovered information [2] - The potential impact of this rescission represents less than 5.5% of the company's total AI data center development portfolio, which is currently 1.8 GW of gross capacity in Spain [3] Anti-Dilutive Effects of Pending Rescission Actions - The Board has terminated approximately 385 million unexercised stock options, eliminating 12.8% of potential dilution immediately [4] - If rescission is completed, the company expects to return up to 1.56 billion shares previously issued under the agreement to treasury [4] - These actions could collectively eliminate over 50% of potential and outstanding dilution, significantly increasing shareholder ownership percentage [5] Spain AI Data Center Development Portfolio Continues to Advance - The strategic AI Data Center portfolio in Spain, with a 1.5 GW IT development capacity, remains intact and is progressing on schedule [6] - The company anticipates announcing multiple milestones related to permitting approvals, power procurement, design and engineering updates, and early-stage client engagements in the coming quarters [6] Governance Measures to Support Stability - To ensure continuity during the transition, the company has established a Series D preferred class of stock to provide governance stability, which has no economic dilution effect on common stockholders [6] CEO Comment - The CEO stated that the steps taken strengthen the capital structure and allow the company to focus on advancing its AI Data Center development pipeline in Spain, positioning the company securely for future growth [7]