secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001493152-24-025424
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

The Crypto Company issues $72,500 promissory note to AJB Capital, netting $18,000
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- Borrowed $72,500 principal note ($58,000 purchase price) from AJB Capital Investments; net proceeds $18,000 after fees.
- Note matures Dec 18, 2024, bears 12% annual interest; prepayable without penalty.
- Upon default, note converts to common stock at a discount to market price; secured by all company assets.
- Proceeds earmarked for working capital, potential acquisitions, and general corporate purposes.
- Offered in private transaction exempt under Rule 506(b) of Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224025424/0001493152-24-025424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224025424/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-025424

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