Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
EffectiveJanuary 25, 2023 Edgemode, Inc. (the "Company") amended stock option grants datedJanuary 31, 2022 to each ofCharlie Faulkner andSimon Wajcenberg , the Chief Executive Officer and Chief Financial Officer of the Company, respectively. The amendment reduces the exercise price of the options from
$0.40 per share to$0.06 per share.
The foregoing description of the amendment is qualified in its entirety by the full text of each amendment to stock option grant which is filed herewith as Exhibit 10.1 and 10.2. Item 8.01 Other Events. OnJanuary 25, 2023 the Company redeemed 212,500 shares of the Company's issued and outstanding Series B Convertible Preferred Stock for an aggregate redemption price of$270,778.23 pursuant to and in accordance with the Company's Certificate of Designation, Preference and Rights of Series B Preferred Stock. Following the redemption, there are no shares of Series B Preferred Stock outstanding.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Filed or Incorporated by Reference Furnished Exhibit # Exhibit Description Form Date Number Herewith 10.1 Amendment to Charlie Faulkner Stock Option Filed Grant dated January 25, 2023 10.2 Amendment to Simon Wajcenberg Stock Option Filed Grant dated January 25, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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