secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001493152-23-023091
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315223023091/0001493152-23-023091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315223023091/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-023091

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