$EDGM·8-K

Edgemode, Inc. · Mar 24, 1:06 PM ET

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Edgemode, Inc. 8-K

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Edgemode, Inc. Announces Joint Venture Addendum, Stock Option Exchange

What Happened

  • On March 23, 2026, Edgemode, Inc. announced a Second Addendum to its January 22, 2026 Joint Venture Agreement (as amended Jan 27, 2026) with Blackberry, AIF ("BAIF") and DC Estate Solutions Cayman Limited.
  • The addendum increases the capacity of the Spain-based data centers to 4,350 MW and converts 400,000,000 stock options previously issued to BAIF (or its assignees) into 400,000,000 restricted shares of Edgemode common stock. The Shares are described as fully paid and non-assessable as of the execution date. Except as amended, the original Joint Venture Agreement remains in effect.

Key Details

  • Parties: Edgemode, Inc., Blackberry, AIF (BAIF), and DC Estate Solutions Cayman Limited.
  • Date signed: March 23, 2026.
  • Data center capacity increased to: 4,350 MW (Spain-based).
  • Equity action: Exchange of 400,000,000 stock options for 400,000,000 restricted common shares (fully paid, non-assessable).

Why It Matters

  • The addendum formalizes a substantial capacity increase for the JV’s Spain data centers, signaling larger infrastructure commitments under the venture.
  • Converting 400 million options into issued restricted shares can increase the company’s outstanding share count and may dilute existing shareholders; investors should review the full addendum for vesting, transfer restrictions, and any other terms that affect ownership and governance.
  • For full terms and implications, investors should read Exhibit 10.1 (Second Addendum) filed with the 8-K.

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