Crypto Co (CRCW): debt financing — Crypto Company amended promissory note, raising principal to $1.18M with $55K additional loan

Crypto Co

Second Amendment dated April 14, 2023 increases principal from original $1.125M to $1,180,000.
AJB Capital Investments loaned an additional $55,000; net proceeds of $50,000 after 10% OID.
Original note issued May 3, 2022; all other terms unchanged.
Transaction creates direct financial obligation and involves unregistered sale of equity securities.

item 1.01 item 2.03 item 3.02

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 amended loan of $1,180,000 with AJB Capital Investments, LLC.

Instrument: loan
Principal: $1,180,000
Counterparty: AJB Capital Investments, LLC
Event: amendment

Exact text from the filing

Pursuant to the Second Amendment, AJB loaned the Company an additional $55,000 (resulting in proceeds to the Company of $50,000 after giving effect to an original issue discount of ten percent), and, as a result the Amendment served to increase the face amount of the Note to $1,180,000 to give effect to the additional funds loaned to the Company.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Crypto Co amended Second Amendment to Promissory Note with AJB Capital Investments, LLC valued at $1,180,000 (effective 2023-04-14).

Action: amendment
Agreement: credit facility
Counterparty: AJB Capital Investments, LLC
Value: $1,180,000
Effective: 2023-04-14

Exact text from the filing

Pursuant to the Second Amendment, AJB loaned the Company an additional $55,000 (resulting in proceeds to the Company of $50,000 after giving effect to an original issue discount of ten percent), and, as a result the Amendment served to increase the face amount of the Note to $1,180,000 to give effect to the additional funds loaned to the Company.

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

Crypto Co filing history →

Source: SEC EDGAR

accession 0001493152-23-013074

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