Crypto Co (CRCW): debt financing — Crypto Company defaults on $200K note; Coventry converts $20K to shares

Crypto Co

Coventry Enterprises declared default on $200K 10% promissory note; converted $17,916.94 principal and $2,083.06 interest to common stock.
Director Anthony Strickland resigned from board and audit committee effective April 25, 2023; no disagreement cited.
No replacement director announced; board seat remains vacant.

item 2.04 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Anthony Strickland

Director

CRCW · Crypto Co

Effective: 2023-04-25
Filed: April 27, 2023, 7:59 PM ET

On April 25, 2023, Anthony Strickland resigned from the board of directors (the “ Board ”) of The Crypto Company (the “ Company ”).

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 reported a default on loan of $200,000 with Coventry Enterprises, LLC at 10%.

Instrument: loan
Principal: $200,000
Counterparty: Coventry Enterprises, LLC
Rate: 10%
Event: default

Exact text from the filing

”) with Coventry Enterprises, LLC (“ Coventry ”), pursuant to which the Company issued to Coventry a 10% unsecured promissory note (the “ Note ”) in the principal amount of $200,000, and 25,000 shares of restricted common stock. In the event of a default, the Note is convertible into shares of the Company’s common stock, par value $0.01 per share (the “

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Executive change SEC 8-K Item 5.02 confidence 1.0

Anthony Strickland resigned as Director at Crypto Co.

Action: resigned
Role: Director

Exact text from the filing

On April 25, 2023, Anthony Strickland resigned from the board of directors (the “ Board ”) of The Crypto Company (the “ Company ”).

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 0001493152-23-013837

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