EdgeMode Initiates Rescission of Share Exchange Agreement Amid AI Data Center Expansion in Spain

EdgeMode, Inc. announced its intention to pursue rescission of a share exchange agreement due to issues identified in a recent internal review. This rescission may require judicial action and affects less than 5.5% of the Company's total AI data center development portfolio, currently at 1.8GW capacity in Spain.

The Board has terminated approximately 385 million unexercised stock options, reducing potential dilution by 12.8%. If rescission is completed, up to 1.56 billion shares could return to treasury, further eliminating over 50% of potential dilution for shareholders.

EdgeMode's AI Data Center portfolio in Spain remains intact at 1.5 GW IT development capacity, with further milestones expected in power procurement. A Series D preferred class of stock has been established to ensure governance stability during this transition, with no economic dilution for common stockholders.