other material
confidence high
sentiment neutral
materiality 0.55
Descrypto Holdings redeems 80% of common and preferred stock; redemptions contingent on raising $1.5M and blockchain M&A
Crisp Momentum Inc.
- Repurchased 77,382,494 common shares (80% of certain holders) for $773.82 total at $0.00001/sh.
- Also repurchased 142,080 Series A preferred shares (80% from two holders) for aggregate $2.00.
- Post-redemption top common holders: Balance Labs 30.23%, MACA 21.06%, Lyons Capital 8.50%.
- Redemptions void if Company does not raise $1.5M and sign blockchain M&A definitive agreement within 12 months.