---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-023091"
form_type: "8-K"
ticker: "CRCW"
cik: "0001688126"
company_name: "Crypto Co"
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T14:06:27.876228+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# The Crypto Company issues $550K promissory note at 12% with 30M warrants to AJB Capital

## Summary
- Principal $550,000 at 12% annual interest; matures January 23, 2024; net proceeds $487,500 after fees.
- Issued 30,000,000 pre-funded warrants exercisable at $0.00001 per share as an incentive fee.
- Note carries a 10% original issue discount; purchase price $500,000.
- Proceeds for working capital and general corporate purposes; up to $200,000 for potential acquisitions.
- Company granted AJB a security interest in all assets; default triggers 18% interest and conversion at market discount.

## SEC filing metadata
- accession: 0001493152-23-023091
- form_type: 8-K
- ticker: CRCW
- cik: 0001688126
- company_name: Crypto Co
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1688126/000149315223023091/0001493152-23-023091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1688126/000149315223023091/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-023091
- JSON: https://secwatch.observer/filing/0001493152-23-023091.json
- Plain text: https://secwatch.observer/filing/0001493152-23-023091.txt

## Key facts
- Debt Financings
  Crypto Co incurred loan of $550,000 with AJB Capital Investments, LLC at 12% per year maturing January 23, 2024.
  - Instrument: loan
  - Principal: $550,000
  - Counterparty: AJB Capital Investments, LLC
  - Rate: 12% per year
  - Maturity: January 23, 2024
  - Event: incurrence
  source text: On June 26, 2023, The Crypto Company (the “Company”) borrowed funds pursuant to the terms of a Securities Purchase Agreement (the “AJB SPA”) entered into with AJB Capital Investments, LLC (“AJB”), and issued a Promissory Note in the principal amount of $550,000 (the “AJB Note”) to AJB in a private transaction for a purchase price of $500,000 (giving effect to a 10% original issue discount).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315223023091/0001493152-23-023091-index.htm
- Material Agreements
  Crypto Co entered into Securities Purchase Agreement with AJB Capital Investments, LLC valued at Principal amount of $550,000, purchase price $500,000, net proceeds $487,500 (effective 2023-06-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: AJB Capital Investments, LLC
  - Value: Principal amount of $550,000, purchase price $500,000, net proceeds $487,500
  - Effective: 2023-06-26
  source text: On June 26, 2023, The Crypto Company (the “Company”) borrowed funds pursuant to the terms of a Securities Purchase Agreement (the “AJB SPA”) entered into with AJB Capital Investments, LLC (“AJB”), and issued a Promissory Note in the principal amount of $550,000 (the “AJB Note”) to AJB in a private transaction for a purchase price of $500,000 (giving effect to a 10% original issue discount).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315223023091/0001493152-23-023091-index.htm

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