secwatch.observer — SEC 8-K summary
======================================

Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001493152-24-009022
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224009022/0001493152-24-009022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224009022/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009022

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