other material
confidence high
sentiment positive
materiality 0.65
The Crypto Company sells AllFi Technologies, cancels 10% of outstanding shares; borrows $68k from AJB Capital
Crypto Co
- Sold AllFi Technologies to AllFi Holdings; received back 22,104,583 shares (approx. 10% of TCC).
- AllFi Holdings obtains full ownership of AllFi Technologies including IP and trademarks.
- Company borrowed $68k via promissory note from AJB Capital at 12% interest, net proceeds $55k.
- Maturity Dec 1, 2024; note convertible into shares at discount upon default.
- Strategic refocus on core emerging technologies (blockchain, AI, education).