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EdgeMode Signs Non-Binding Term Sheet for $4 Million Convertible Note to Support Infrastructure Development and Growth Strategy

FORT LAUDERDALE, Fla., Aug. 07, 2025 (GLOBE NEWSWIRE) -- EdgeMode, Inc. (OTC: EDGM), a next-generation provider of high-performance, sustainable computing infrastructure, today announced it has signed a non-binding term sheet for a $4 million convertible note financing, subject to the execution of definitive agreements and closing.

The anticipated capital will support the acquisition of Blackberry AIF as well as the development of EdgeMode鈥檚 recently acquired digital infrastructure sites in Sweden. This acquisition is expected to immediately increase the Company鈥檚 asset base by approximately $140 million. As these sites are brought online and connected to power, EdgeMode remains focused on achieving its target enterprise valuation of $1 billion.

鈥淭his proposed financing is another step toward executing our long-term vision,鈥� said Simon Wajcenberg, Chief Financial Officer of EdgeMode. 鈥淲e are acquiring high-potential infrastructure assets, and as we secure power and develop these sites, we believe we are on a clear path to significantly increasing both revenue potential and shareholder value.鈥�

Under the proposed terms, the convertible note would bear interest at 8% per annum and mature 12 months after funding. It would become convertible 180 days after closing at a 35% discount to the average of the two lowest closing bid prices over the prior 15 trading days, subject to a 4.99% ownership cap at any time. EdgeMode would retain the option to prepay the note at a premium of 120% within the first 90 days and 125% between days 91 and 180. The investor has also agreed not to engage in short selling or hedging activity involving EdgeMode common stock during the term of the note.

Importantly, the term sheet is non-binding and does not represent a definitive agreement. There can be no assurance that definitive agreements will be executed or that the financing will close.

About EdgeMode, Inc.

EdgeMode Inc. (OTC: EDGM) is a digital infrastructure company specializing in the design, development, and operation of high-performance computing (HPC) data centers. With a focus on purpose-built, energy-efficient colocation facilities, EdgeMode delivers mission-critical infrastructure solutions for customers engaged in AI, machine learning, and cloud computing. The company is actively building a new generation of scalable, sustainable data centers, beginning with its flagship campus in Marviken, Sweden. Backed by deep industry expertise, strategic partnerships, and long-term energy contracts, EdgeMode is poised to become a leading provider of digital infrastructure for the world鈥檚 most demanding compute workloads.

Forward-Looking Statements

Certain statements made in this press release are not based on historical facts but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as 鈥渁im,鈥� 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渃an,鈥� 鈥渃ould,鈥� 鈥渃ontinue,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渆valuate,鈥� 鈥渇orecast,鈥� 鈥済uidance,鈥� 鈥渋ntend,鈥� 鈥渓ikely,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥渙bjective,鈥� 鈥渙ngoing,鈥� 鈥渙utlook,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥減redict,鈥� 鈥減robable,鈥� 鈥減roject,鈥� 鈥渟eek,鈥� 鈥渟hould,鈥� 鈥渢arget鈥� 鈥渧iew,鈥� 鈥渨ill,鈥� or 鈥渨ould,鈥� or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company鈥檚 reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company鈥檚 ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with First-party platforms or technologies; the Company鈥檚 efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company鈥檚 ability to capture market share; the Company鈥檚 estimates of its potential addressable market and demand for its products and technologies; the Company鈥檚 ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company鈥檚 ability to continue as a going concern; the Company鈥檚 ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company鈥檚 products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company鈥檚 current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company鈥檚 ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company鈥檚 actual operating results; the potential impact of unstable market and economic conditions, including recent measures adopted by the federal government, on the Company鈥檚 business, financial condition, and stock price; and other risks and uncertainties described in the Company鈥檚 filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Company Contact:

Charlie Faulkner
Chief Executive Officer
EdgeMode Inc.

Investor Relations

Jeff Ramson
Chief Executive Officer
PCG Advisory, Inc.