secwatch / observer
8-K filed February 7, 2023, 6:59 PM ET ticker CRCW CIK 0001688126
debt confidence high sentiment negative materiality 0.60

Crypto Co (CRCW): debt financing — Crypto Company borrows $105k net via convertible note; authorized shares tripled to 150M

Crypto Co

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Crypto Co incurred convertible notes of $115,000 with Fast Capital, LLC at 10% per annum maturing January 30, 2024.

Instrument
convertible notes
Principal
$115,000
Counterparty
Fast Capital, LLC
Rate
10% per annum
Maturity
January 30, 2024
Event
incurrence
Exact text from the filing
The Crypto Company (the “Company”) borrowed funds pursuant to a Securities Purchase Agreement (the “SPA”) entered into with Fast Capital, LLC (“Fast Capital”), and Fast Capital purchased a 10% convertible promissory note (the “Note”) from the Company in the aggregate principal amount of $115,000.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Crypto Co: Increased authorized shares of common stock from 50,000,000 to 150,000,000 (effective 2023-02-01).

Change
charter amendment
Effective
2023-02-01
Exact text from the filing
Effective February 1, 2023, the Company amended its Articles of Incorporation (the “Articles”), to amend Section 1 of Article 4 of the Articles to increase the number of authorized shares of common stock from 50,000,000 to 150,000,000 (the “Amendment”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Crypto Co entered into Securities Purchase Agreement with Fast Capital, LLC valued at $115,000 (effective 2023-02-02).

Action
entry
Agreement
equity purchase
Counterparty
Fast Capital, LLC
Value
$115,000
Effective
2023-02-02
Exact text from the filing
The Crypto Company (the “Company”) borrowed funds pursuant to a Securities Purchase Agreement (the “SPA”) entered into with Fast Capital, LLC (“Fast Capital”), and Fast Capital purchased a 10% convertible promissory note (the “Note”) from the Company in the aggregate principal amount of $115,000.
View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

Crypto Co filing history →

Source: SEC EDGAR
accession 0001493152-23-003867
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