secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001493152-23-001641
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315223001641/0001493152-23-001641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315223001641/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-001641

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