
DivestmentJun 29, 2026, 08:01 AM
Edgemode Receives Non-Binding Offer for Spanish Data Center Project
AI Summary
Edgemode, Inc. announced a non-binding offer from a third-party purchaser to acquire 100% of its subsidiary, DC Estate Malpica, S.L., which owns an in-development data center project in Mora, Spain. The offer is non-binding and contingent on due diligence and definitive agreements, with Edgemode agreeing to a 60-day exclusive negotiation period. Additionally, the company entered into 30-day standstill agreements with lenders holding approximately $1,150,000 in convertible promissory notes, preventing conversion or disposal of shares during this period.
Key Highlights
- Edgemode received a non-binding offer for 100% of its subsidiary, DC Estate Malpica, S.L.
- DC Estate Malpica, S.L. owns an in-development data center project in Mora, Spain.
- The offer is non-binding and subject to due diligence and definitive documentation.
- Edgemode agreed to negotiate exclusively with the purchaser for 60 days.
- Entered standstill agreements with lenders holding approximately $1,150,000 in convertible notes.
- Lenders agreed not to convert or dispose of shares for a 30-day period.
Price Impact
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