---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-036163"
form_type: "8-K"
ticker: "CRCW"
cik: "0001688126"
company_name: "Crypto Co"
filed_at: "2022-12-21T23:59:59+00:00"
generated_at: "2026-06-21T00:54:15.900969+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Crypto Company borrows $88,760 via convertible note with 12% interest and 75% conversion discount

## Summary
- Principal amount $88,760 with original issue discount; net proceeds for general working capital.
- Interest at 12% per annum, payable as one-time charge of $10,651 added to principal on issuance.
- Maturity date December 9, 2023; monthly payments begin January 30, 2023.
- Conversion price equals 75% of lowest trading price with 10-day lookback, subject to 4.99% beneficial ownership cap.
- Issued to 1800 Diagonal Lending, LLC in a private offering exempt from registration.

## SEC filing metadata
- accession: 0001493152-22-036163
- form_type: 8-K
- ticker: CRCW
- cik: 0001688126
- company_name: Crypto Co
- filed_at: 2022-12-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1688126/000149315222036163/0001493152-22-036163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1688126/000149315222036163/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-036163
- JSON: https://secwatch.observer/filing/0001493152-22-036163.json
- Plain text: https://secwatch.observer/filing/0001493152-22-036163.txt

## Key facts
- Debt Financings
  Crypto Co incurred convertible notes of $88,760 with 1800 Diagonal Lending, LLC at twelve percent (12.0%) per annum maturing December 9, 2023.
  - Instrument: convertible notes
  - Principal: $88,760
  - Counterparty: 1800 Diagonal Lending, LLC
  - Rate: twelve percent (12.0%) per annum
  - Maturity: December 9, 2023
  - Event: incurrence
  source text: Effective December 15, 2022, The Crypto Company (the “Company”) borrowed funds pursuant to a Securities Purchase Agreement (the “SPA”) entered into with 1800 Diagonal Lending, LLC (“Diagonal”), and Diagonal purchased a convertible promissory note (the “Note”) from the Company in the aggregate principal amount of $88,760 (giving effect to an original issue discount).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315222036163/0001493152-22-036163-index.htm
- Material Agreements
  Crypto Co entered into Securities Purchase Agreement with 1800 Diagonal Lending, LLC valued at $88,760 (effective 2022-12-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: 1800 Diagonal Lending, LLC
  - Value: $88,760
  - Effective: 2022-12-15
  source text: Effective December 15, 2022, The Crypto Company (the “Company”) borrowed funds pursuant to a Securities Purchase Agreement (the “SPA”) entered into with 1800 Diagonal Lending, LLC (“Diagonal”), and Diagonal purchased a convertible promissory note (the “Note”) from the Company in the aggregate principal amount of $88,760 (giving effect to an original issue discount).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315222036163/0001493152-22-036163-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.