Edgemode, Inc. 8-K

What Happened

• Edgemode, Inc. filed a Form 8‑K (Item 8.01) reporting that on June 3, 2026 it entered a non‑binding term sheet to acquire 51% of Ibersun Generación, S.L., a Spain‑based limited liability company. The proposed purchase price is approximately $7,200,000 USD. If completed, Edgemode would obtain majority control of Ibersun and plan to use Ibersun’s assets — including battery energy storage system (BESS) projects, land plots, and grid access rights — to develop data center and energy storage projects in Spain.

Key Details

• Transaction type: non‑binding term sheet executed June 3, 2026 (not a definitive agreement).
• Target: 51% of Ibersun Generación, S.L.; purchase price ~ $7,200,000 USD.
• Assets cited: BESS projects, land plots, and grid access rights for development of data center and energy storage projects.
• Conditions: closing subject to due diligence, final binding agreements, regulatory approvals, satisfaction of closing conditions, and the Company obtaining significant additional capital.

Why It Matters

• A completed acquisition would give Edgemode majority control of a Spanish energy/asset platform, potentially accelerating its plans to build data center and energy storage projects in Europe.
• The deal is preliminary and financing‑dependent: Edgemode states it needs significant additional capital and there is no assurance sufficient funding will be available or that definitive agreements or regulatory approvals will be obtained. If financing is not secured, the transaction will not be consummated.