secwatch.observer — SEC 8-K summary
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Issuer:     Crisp Momentum Inc. (CRSF)
CIK:        0000924396
Form:       8-K
Filed at:   2022-06-06T23:59:59+00:00
Accession:  0001493152-22-015991
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Descrypto completes acquisition of OpenLocker, issuing 12.5M shares; expands into college sports NFTs
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- Acquired all OpenLocker shares for 12,500,002 common shares; OpenLocker becomes wholly owned subsidiary.
- Board expanded to three; Brian Klatsky appointed as director; voting agreements with major shareholders.
- Co. committed up to $550K for OpenLocker working capital; $735K raised via common stock sale at $0.40/share.
- Series A preferred redemption condition requires raising $1.5M; $735K raised and acquisition agreement satisfied.
- OpenLocker focuses on college athlete NIL NFTs and thoroughbred racing digital collectibles via OpenStable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924396/000149315222015991/0001493152-22-015991-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924396/000149315222015991/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-015991

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