secwatch.observer — SEC 8-K summary
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Issuer:     Crypto Co (CRCW)
CIK:        0001688126
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001493152-24-051039
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

The Crypto Company borrows $27,850 net via secured convertible note from AJB Capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224051039/0001493152-24-051039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688126/000149315224051039/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-051039

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