Current Report Filing (8-k)
January 27 2023 - 04:02PM
Edgar (US Regulatory)
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2023-01-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 25, 2023
Edgemode, Inc.
(Exact name of registrant as specified in its charter)
Nevada |
|
000-55647 |
|
47-4046237 |
(State
of Incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer No.) |
110 E. Broward Blvd.,
Suite 1700,
Ft. Lauderdale,
FL
33301
(Address of Principal Executive Offices, and Zip Code)
(707)
687-9093
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
None |
Not
Applicable |
Not
Applicable |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 8.01 Other Events.
On March 31, 2021, Edgemode, Inc. (the “Company”) entered into a
Master Agreement (the “Master Agreement”) with Compute North LLC
(“Compute North”) providing the Company with colocation, managerial
and other services at the Compute North data center facilities,
including rack space, electrical power, ambient air cooling,
internet connectivity and physical security for the Company’s
miners (the “Hosting Services”). The Company paid Compute North a
deposit of approximately $1,586,000 (the “Deposit”) to be used
towards the fees under the Master Agreement. On September 22, 2022,
Compute North (along with its affiliated debtors), filed for
chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for
the Southern District of Texas under Chapter 11 of the U.S.
Bankruptcy Code (11 U.S. Code section 101 et seq.). On January 25,
2023 the Company received a return of $894,355 of the Deposit. The
ultimate outcome of the bankruptcy process, and its impact and the
Company’s return of the remaining amount of the Deposit, remains to
be determined. The Company has terminated the Master Agreement
effective January 4, 2023 and seeking replacement Hosting
Services.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
|
Edgemode, Inc. |
|
|
|
Dated: January 27, 2023 |
By: |
/s/ Charles Faulkner |
|
Name: |
Charles Faulkner |
|
Title: |
Chief Executive Officer |
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