Crypto Co (CRCW): debt financing — The Crypto Company borrows $500K from AJB Capital, settles prior debts Diagonal and Coventry

Crypto Co

Borrowed $500K from AJB Capital via promissory note at 12% interest; net proceeds $405K for working capital.
Issued warrant to purchase up to 10M shares at $0.00001 per share to AJB.
Settled Diagonal Notes for $126,500 paid in full on Nov 13, 2023.
Settled Coventry Note for $15,000; paid $7,500 now, balance due within 120 days.

item 1.01 item 2.03 item 3.02 item 8.01

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 incurred loan of $500,000 with AJB Capital Investments, LLC at 12% per year maturing May 10, 2024.

Instrument: loan
Principal: $500,000
Counterparty: AJB Capital Investments, LLC
Rate: 12% per year
Maturity: May 10, 2024
Event: incurrence

Exact text from the filing

to the terms of a Securities Purchase Agreement (the “Nov. SPA”) entered into with AJB Capital Investments, LLC (“AJB”), and issued a Promissory Note in the principal amount of $500,000 to AJB (the “Nov. Note”) in a private transaction for a purchase price of $425,000 (giving effect to an original issue discount). After payment of the fees and costs, the net

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

Crypto Co entered into Securities Purchase Agreement with AJB Capital Investments, LLC valued at $500,000 (effective 2023-11-13).

Action: entry
Agreement: equity purchase
Counterparty: AJB Capital Investments, LLC
Value: $500,000
Effective: 2023-11-13

Exact text from the filing

On November 13, 2023, The Crypto Company (the “Company”) borrowed funds pursuant to the terms of a Securities Purchase Agreement (the “Nov. SPA”) entered into with AJB Capital Investments, LLC (“AJB”), and issued a Promissory Note in the principal amount of $500,000 to AJB

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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 0001493152-23-041866

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