secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001493152-24-028914
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224028914/0001493152-24-028914-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224028914/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-028914

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