secwatch.observer — SEC 8-K summary
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Issuer:     Crisp Momentum Inc. (CRSF)
CIK:        0000924396
Form:       8-K
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0001493152-22-005466
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Descrypto Holdings redeems 80% of common and preferred stock; redemptions contingent on raising $1.5M and blockchain M&A
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924396/000149315222005466/0001493152-22-005466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924396/000149315222005466/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-005466

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer