secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001493152-24-023332
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Crypto Company sells AllFi Technologies, cancels 10% of outstanding shares; borrows $68k from AJB Capital
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224023332/0001493152-24-023332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224023332/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-023332

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