---
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"
generated_at: "2026-06-20T14:46:49.344236+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# The Crypto Company borrows $79,250 via convertible note with 10% interest and 65% conversion discount

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-001641
- JSON: https://secwatch.observer/filing/0001493152-23-001641.json
- Plain text: https://secwatch.observer/filing/0001493152-23-001641.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $79,250
  - Counterparty: 1800 Diagonal Lending, LLC
  - Rate: 10% per annum, and a default interest of 22% per annum
  - Maturity: January 3, 2024
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315223001641/0001493152-23-001641-index.htm
- Material Agreements
  Crypto Co entered into Securities Purchase Agreement with 1800 Diagonal Lending, LLC valued at $79,250 (effective 2023-01-10).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: 1800 Diagonal Lending, LLC
  - Value: $79,250
  - Effective: 2023-01-10
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315223001641/0001493152-23-001641-index.htm

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