secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0001493152-22-036163
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315222036163/0001493152-22-036163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315222036163/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-036163

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