secwatch.observer — SEC 8-K summary
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Issuer:     Crisp Momentum Inc. (CRSF)
CIK:        0000924396
Form:       8-K
Filed at:   2022-05-24T23:59:59+00:00
Accession:  0001493152-22-014873
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Descrypto Holdings to acquire OpenLocker in ~$5M stock deal; Brian Klatsky to join board
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- Acquisition valued at approx. $5M; Descrypto to issue 12.5M shares for all OpenLocker stock.
- Descrypto to fund $300K to OpenLocker at close, with at least $250K additional by Sept 1, 2022.
- Brian Klatsky, OpenLocker CEO, named to Descrypto board; voting agreement with major stockholders.
- Transaction expected to close by May 31, 2022; OpenLocker will become wholly owned subsidiary.
- OpenLocker specializes in blockchain-based digital ownership for college athletes and thoroughbred racing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924396/000149315222014873/0001493152-22-014873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924396/000149315222014873/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-014873

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