{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-001641","form_type":"8-K","ticker":"CRCW","cik":"0001688126","company_name":"Crypto Co","filed_at":"2023-01-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.145812+00:00","generated_at":"2026-06-20T14:46:49.344236+00:00","sec_items":["1.01","2.03","3.02"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"The Crypto Company borrows $79,250 via convertible note with 10% interest and 65% conversion discount","bullets":["Principal amount $79,250; maturity Jan 3, 2024; interest 10% (default 22%).","Conversion price at 65% of lowest trading price over prior 10 trading days, subject to 4.99% beneficial ownership cap.","Prepayment: 115%-125% of principal depending on timing within 180 days, thereafter subject to mutual agreement.","Standard events of default include payment failure, SEC reporting non-compliance, OTC listing lapse; upon default, 22% interest and 150% of amounts due.","Funds from 1800 Diagonal Lending, LLC; private placement exempt from registration under Section 4(a)(2) and Rule 506(b)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-001641","json":"https://secwatch.observer/filing/0001493152-23-001641.json","markdown":"https://secwatch.observer/filing/0001493152-23-001641.md","text":"https://secwatch.observer/filing/0001493152-23-001641.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1688126/000149315223001641/0001493152-23-001641-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1688126/000149315223001641/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T14:46:49.344236+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e9d5570508fb922ba14fb8f89935078b7a974024","claim":"Crypto Co incurred convertible notes of $79,250 with 1800 Diagonal Lending, LLC at 10% per annum, and a default interest of 22% per annum maturing January 3, 2024.","evidence_excerpt":"Effective January 10, 2023, 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 $79,250.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315223001641/0001493152-23-001641-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$79,250"},{"label":"Counterparty","value":"1800 Diagonal Lending, LLC"},{"label":"Rate","value":"10% per annum, and a default interest of 22% per annum"},{"label":"Maturity","value":"January 3, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"38db72b6749385a00b815541d6596c125c3857d3","claim":"Crypto Co entered into Securities Purchase Agreement with 1800 Diagonal Lending, LLC valued at $79,250 (effective 2023-01-10).","evidence_excerpt":"Effective January 10, 2023, 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 $79,250.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315223001641/0001493152-23-001641-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"1800 Diagonal Lending, LLC"},{"label":"Value","value":"$79,250"},{"label":"Effective","value":"2023-01-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}