secwatch.observer — SEC 8-K summary
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Issuer:     Crisp Momentum Inc. (CRSF)
CIK:        0000924396
Form:       8-K
Filed at:   2022-01-14T23:59:59+00:00
Accession:  0001493152-22-001264
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exchanges 177.6M common shares for 177.6K Series A Preferred in related-party transactions
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- On Jan 13, 2022, issued 88,800 Series A Preferred to ACV (owned by CEO) in exchange for 88,800,191 common shares.
- Also issued 88,800 Series A Preferred to Leone (owned by President) for 88,800,191 common shares.
- New Series A Preferred is convertible into 1,000 common shares per share, carries super-voting rights.
- Certificate of Designations authorizes 200,000 Series A shares; transactions are related-party and exempt from registration.
- Net effect reduces outstanding common shares by 177.6M, but preferred conversion rights nearly offset dilution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924396/000149315222001264/0001493152-22-001264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924396/000149315222001264/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-001264

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