Edgemode Pays $410K to Retire Five Convertible Notes, ClearThink Balance Rises to $1.3M
EDGM has more than doubled off its 52-week low of $0 on elevated volume (1.9× avg).
Summary
Edgemode paid about $410,000 to fully satisfy five convertible notes with a $477,000 balance, extinguishing their conversion rights, using money borrowed from ClearThink Capital — whose outstanding advances now total roughly $1.3 million.
Key Events · Financing and Capital Events · EDGM
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Five Convertible Notes Retired for $410K
On October 9 and October 14, 2026, Edgemode paid approximately $410,000 in cash to fully satisfy five convertible promissory notes with an aggregate outstanding balance of about $477,000, terminating all conversion rights.
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ClearThink Balance Grows to $1.3M
The note payoffs were funded by advances under the ClearThink Note dated July 9, 2026 plus additional advances; the aggregate outstanding balance owed to ClearThink is now approximately $1,300,000, versus the $625,000 received as of the August 20, 2026 8-K.
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Debt Swapped, Not Reduced
The company extinguished $477,000 of convertible debt with $410,000 of borrowed cash, leaving a larger ClearThink obligation outstanding — the cash position is unchanged in substance.
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Going Concern Backdrop
As previously disclosed in the Q2 2026 10-Q filed August 14, 2026, Edgemode had $16,710 of cash and a going concern warning with no formal plan; this transaction was entirely debt-funded.
Analysis · EDGM · Industrial Applications And Services
Edgemode used $410,000 of cash to wipe out five convertible notes carrying a $477,000 balance, eliminating the holders' right to convert into stock. That removes a chunk of potential dilution, but the money came from ClearThink Capital, whose advances now total roughly $1.3 million — up from the $625,000 received as of the August 20, 2026 8-K. The company is trading debt for debt: it retired the notes at a discount to their balance, but the ClearThink obligation is larger and still outstanding. Against a Q2 2026 10-Q that showed only $16,710 of cash and a going concern warning, the entire transaction was funded by borrowing, so the cash position is unchanged in substance — the balance sheet is still dependent on ClearThink's willingness to keep advancing funds.
How filings like this one have moved
In the 30 days to Oct 16, 2026, 29.5% of the 1476 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EDGM was trading at $0.00 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $1.2M. The 52-week trading range was $0.00 to $0.05. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.