secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001493152-24-005249
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Crypto Company enters $50K debt facility with AJB Capital; net $40K
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- Borrowed $50,000 principal at $42,500 purchase price; net proceeds $40,000 after fees.
- Note matures July 30, 2024, zero interest except 18% on default; convertible at discount.
- Secured by substantially all assets; proceeds for working capital, acquisitions, general purposes.
- Default triggers 18% interest, acceleration, conversion discount, and collection costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224005249/0001493152-24-005249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224005249/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-005249

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer