---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-028914"
form_type: "8-K"
ticker: "CRCW"
cik: "0001688126"
company_name: "Crypto Co"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:01:34.465627+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# The Crypto Company borrows $59,000 via convertible note; net proceeds $44,700

## Summary
- Issued $59,000 promissory note to AJB Capital Investments at 12% annual interest; net proceeds after fees $44,700.
- Note matures January 15, 2025; prepayable without penalty; interest accrues monthly, payable at maturity.
- Upon default, interest rises to 18% per annum, AJB may accelerate or convert outstanding into common stock at a discount.
- Granted AJB a security interest in all company assets under a security agreement.
- Sale exempt from SEC registration under Section 4(a)(2) and Rule 506(b).

## SEC filing metadata
- accession: 0001493152-24-028914
- form_type: 8-K
- ticker: CRCW
- cik: 0001688126
- company_name: Crypto Co
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1688126/000149315224028914/0001493152-24-028914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1688126/000149315224028914/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-028914
- JSON: https://secwatch.observer/filing/0001493152-24-028914.json
- Plain text: https://secwatch.observer/filing/0001493152-24-028914.txt

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