secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001493152-24-044733
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

The Crypto Company issues $33,000 secured promissory note to AJB Capital Investments
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- Principal $33,000; purchase price $29,700; net proceeds $24,700 after fees.
- Note bears 12% annual interest, matures May 1, 2025; prepayable without penalty.
- Proceeds used for working capital, potential acquisitions, and general corporate purposes.
- Note secured by all company assets; on default, interest rises to 18% and AJB may convert to stock at discount.
- Company covenants to maintain OTC listing, comply with reporting, and not incur superior debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224044733/0001493152-24-044733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224044733/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-044733

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