---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013837"
form_type: "8-K"
ticker: "CRCW"
cik: "0001688126"
company_name: "Crypto Co"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:06:39.492662+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Crypto Company defaults on $200K note; Coventry converts $20K to shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-013837
- form_type: 8-K
- ticker: CRCW
- cik: 0001688126
- company_name: Crypto Co
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.04, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1688126/000149315223013837/0001493152-23-013837-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1688126/000149315223013837/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013837
- JSON: https://secwatch.observer/filing/0001493152-23-013837.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013837.txt

## Key facts
- Debt Financings
  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
  source text: ”) 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 “
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315223013837/0001493152-23-013837-index.htm
- Executive change
  Anthony Strickland resigned as Director at Crypto Co.
  - Action: resigned
  - Role: Director
  source text: On April 25, 2023, Anthony Strickland resigned from the board of directors (the “ Board ”) of The Crypto Company (the “ Company ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315223013837/0001493152-23-013837-index.htm

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