debt
confidence high
sentiment neutral
materiality 0.35
The Crypto Company borrows $27,850 net via secured convertible note from AJB Capital
Crypto Co
- Principal $36,500, purchase price $32,850, net proceeds $27,850 for working capital and M&A.
- Maturity June 4, 2025; 12% interest per annum; prepayable without penalty.
- Note secured by all assets; default triggers 18% interest and conversion at market discount.
- Issued in private placement exempt under Section 4(a)(2) and Rule 506(b).
- Covenants include compliance with SEC reporting, no non-subordinate debt, maintain OTC listing.