{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-003867","form_type":"8-K","ticker":"CRCW","cik":"0001688126","company_name":"Crypto Co","filed_at":"2023-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.146018+00:00","generated_at":"2026-06-19T22:59:54.887220+00:00","sec_items":["1.01","2.03","3.02","5.03","5.07"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Crypto Company borrows $105k net via convertible note; authorized shares tripled to 150M","bullets":["Net proceeds $105k from $115k principal convertible note (10% OID) issued to Fast Capital LLC.","Conversion price set at 60% of lowest closing price in prior 20 trading days, convertible after 6 months.","Note matures Jan 30, 2024; bears 10% interest (24% default); prepayable first 6 months at 15-40% premium.","Authorized common shares increased from 50M to 150M via amendment approved by shareholders owning ~53%.","Loan and share increase are dilutive; shares trade on OTC."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-003867","json":"https://secwatch.observer/filing/0001493152-23-003867.json","markdown":"https://secwatch.observer/filing/0001493152-23-003867.md","text":"https://secwatch.observer/filing/0001493152-23-003867.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1688126/000149315223003867/0001493152-23-003867-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1688126/000149315223003867/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T22:59:54.887220+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":"074777d4f85085096e807652b47d9d37c5673ae3","claim":"Crypto Co incurred convertible notes of $115,000 with Fast Capital, LLC at 10% per annum maturing January 30, 2024.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315223003867/0001493152-23-003867-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$115,000"},{"label":"Counterparty","value":"Fast Capital, LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"January 30, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e4d3c4bd755f07088acdf32fa13fefbcf23a886d","claim":"Crypto Co: Increased authorized shares of common stock from 50,000,000 to 150,000,000 (effective 2023-02-01).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315223003867/0001493152-23-003867-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-02-01"}],"fact_type":"governance_change"},{"claim_id":"afe8ef572065a0ddd84d6ada63170852f652318d","claim":"Crypto Co entered into Securities Purchase Agreement with Fast Capital, LLC valued at $115,000 (effective 2023-02-02).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315223003867/0001493152-23-003867-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Fast Capital, LLC"},{"label":"Value","value":"$115,000"},{"label":"Effective","value":"2023-02-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}