secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001493152-24-008317
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crypto Co enters secured note for $53K; licenses AllFi brand to AllFi Holdings
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- Issued $53,000 promissory note to AJB Capital Investments for net proceeds of $40,050, maturing Aug 20, 2024, no interest except default up to 18%.
- Note secured by substantially all assets; convertible at discount to market price upon default.
- Subsidiary AllFi Technologies granted AllFi Holdings exclusive license to AllFi brand in exchange for royalties.
- Terminated prior Code Licensing Agreement with TelBill dated August 29, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224008317/0001493152-24-008317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224008317/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008317

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