---
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"
generated_at: "2026-06-19T22:59:54.887220+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Crypto Company borrows $105k net via convertible note; authorized shares tripled to 150M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.03, 5.07
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-003867
- JSON: https://secwatch.observer/filing/0001493152-23-003867.json
- Plain text: https://secwatch.observer/filing/0001493152-23-003867.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315223003867/0001493152-23-003867-index.htm
- Governance Changes
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315223003867/0001493152-23-003867-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315223003867/0001493152-23-003867-index.htm

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