---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-009022"
form_type: "8-K"
ticker: "CRCW"
cik: "0001688126"
company_name: "Crypto Co"
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:43:29.543375+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# The Crypto Company raises $130K via private placement of promissory note to AJB Capital

## Summary
- Issued $159K promissory note to AJB Capital; net proceeds of $130K after fees.
- Note matures Aug 29, 2024, bears no interest (18% default rate); convertible at discount upon default.
- Granted security interest in substantially all assets to secure obligations under the note.
- Proceeds used for working capital, potential acquisitions, and general corporate purposes.
- Covenants restrict additional non-subordinate debt and require continued OTC Market listing.

## SEC filing metadata
- accession: 0001493152-24-009022
- form_type: 8-K
- ticker: CRCW
- cik: 0001688126
- company_name: Crypto Co
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1688126/000149315224009022/0001493152-24-009022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1688126/000149315224009022/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009022
- JSON: https://secwatch.observer/filing/0001493152-24-009022.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009022.txt

## Key facts
- Debt Financings
  Crypto Co incurred loan of $159,000 with AJB Capital Investments, LLC at no interest on the principal except for default interest maturing August 29, 2024.
  - Instrument: loan
  - Principal: $159,000
  - Counterparty: AJB Capital Investments, LLC
  - Rate: no interest on the principal except for default interest
  - Maturity: August 29, 2024
  - Event: incurrence
  source text: 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 $159,000 (the “AJB Note”) to AJB
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315224009022/0001493152-24-009022-index.htm
- Material Agreements
  Crypto Co entered into Securities Purchase Agreement with AJB Capital Investments, LLC valued at $159,000 (effective 2024-02-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: AJB Capital Investments, LLC
  - Value: $159,000
  - Effective: 2024-02-29
  source text: 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 $159,000 (the “AJB Note”) to AJB in a private transaction for a purchase price of $135,000, each dated as of February 29, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688126/000149315224009022/0001493152-24-009022-index.htm

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