EdgeMode Satisfies Convertible Notes, Strengthens Capital Markets Strategy
1 report, 1 independent
Updated Oct 21
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What happened
EdgeMode made cash payments totaling approximately $410,000 to fully satisfy five convertible promissory Notes. These Notes had an aggregate outstanding balance of approximately $477,000. The company funded these payments using additional advances from ClearThink Capital Partners, LLC, which now total approximately $1,300,000.
From pr-inside.com
Why it matters
The payment terminated the Notes and removed the holders' right to convert them into common stock. EdgeMode's Chairman and Chief Executive Officer stated this action strengthens the company's capital markets strategy and prevents note holders from selling shares in the market.
From pr-inside.com
Who's involved
- SpainGeopolitical state in southwestern Europe
- FinsaCompany that is currently a subsidiary of a company based in Spain
- Santander UKBritish bank that operates with its headquarters located in Spain
- GuayaquilCity that successfully gained political independence from the jurisdiction of Spain
- Javier GarcíaPerson employed by the emergency wildfire brigades funded by the government of Spain
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The entities involved
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Spain
country in southwestern Europe with territories in Africa