{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-027061","form_type":"8-K","ticker":"CRCW","cik":"0001688126","company_name":"Crypto Co","filed_at":"2025-12-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.148425+00:00","generated_at":"2026-05-16T13:38:57.915707+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"The Crypto Company converts debt to equity: issues 748M+ shares to settle $855K+ in notes","bullets":["Issued 271,136,940 shares to Eksa Holdings, Practivist Investors, and Robert Nail for early conversion of notes.","Issued 476,953,697 shares, $500K cash, and a pre-funded warrant for 713,915,563 shares at $0.0001 to AJB Capital.","New promissory notes total $855,579.26 aggregate principal; same maturity dates, zero interest, subordinated security.","Transactions were unregistered, relying on Section 4(a)(2) and Rule 506; investors are accredited."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-027061","json":"https://secwatch.observer/filing/0001493152-25-027061.json","markdown":"https://secwatch.observer/filing/0001493152-25-027061.md","text":"https://secwatch.observer/filing/0001493152-25-027061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:38:57.915707+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"162142cd1a2a799197c1a4c739afa44ffe575ec4","claim":"Crypto Co incurred loan of $93,386 with AJB Capital Investments LLC maturing three years from the date of issuance.","evidence_excerpt":"he Company’s Form 8-K filed on December 3, 2025 with AJB Capital Investments LLC (“ AJB ”). In connection with the closing, the Company issued to AJB 476,953,697 shares of the Company’s common stock, par value $0.001 per share (the “ Conversion","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$93,386"},{"label":"Counterparty","value":"AJB Capital Investments LLC"},{"label":"Maturity","value":"three years from the date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"42e04b7b6690955d5214af97edbe0adef2a4391c","claim":"Crypto Co incurred loan of $855,579.26 with Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail.","evidence_excerpt":"The issuance of the new Promissory Notes to the Investors in the aggregate principal amount of $855,579.26","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$855,579.26"},{"label":"Counterparty","value":"Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"84081ecea736f4ee35cb775ae2a5f427b48f37af","claim":"Crypto Co issued 476,953,697 shares of the Company’s common stock of common stock to AJB Capital Investments LLC for exchange for the conversion of a prior agreement, $500,000 cash, and a pre-funded warrant.","evidence_excerpt":"On December 10, 2025, the Company consummated the closing of the previously announced AJB Conversion Agreement, as disclosed in the Company’s Form 8-K filed on December 3, 2025 with AJB Capital Investments LLC (“ AJB ”). In connection with the closing, the Company issued to AJB 476,953,697 shares of the Company’s common stock, par value $0.001 per share (the “ Conversion Shares ”), $500,000 in cash, and a pre-funded warrant to purchase up to 713,915,563 shares of the Company’s common stock (the “ Warrant ”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"476,953,697 shares of the Company’s common stock"},{"label":"Purchaser","value":"AJB Capital Investments LLC"},{"label":"Consideration","value":"exchange for the conversion of a prior agreement, $500,000 cash, and a pre-funded warrant"}],"fact_type":"equity_issuance"},{"claim_id":"9ae9dac9d4b030818a6d652a061f1386f5542ddd","claim":"Crypto Co issued 713,915,563 shares of the Company’s common stock of warrant to AJB Capital Investments LLC for part of the AJB Conversion Agreement consideration.","evidence_excerpt":"In connection with the closing, the Company issued to AJB 476,953,697 shares of the Company’s common stock, par value $0.001 per share (the “ Conversion Shares ”), $500,000 in cash, and a pre-funded warrant to purchase up to 713,915,563 shares of the Company’s common stock (the “ Warrant ”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"713,915,563 shares of the Company’s common stock"},{"label":"Purchaser","value":"AJB Capital Investments LLC"},{"label":"Consideration","value":"part of the AJB Conversion Agreement consideration"}],"fact_type":"equity_issuance"},{"claim_id":"c3833b10d4c50b1c03feda35069101a3ff2c87fa","claim":"Crypto Co issued 271,136,940 shares of its common stock of common stock to Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail for exchange for the early conversion of certain outstanding promissory notes from August 2025.","evidence_excerpt":"On December 4 th and 5 th , 2025, the Crypto Company (the “ Company ”) entered into Conversion Agreements with Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail (each, an “ Investor ” and collectively, the “ Investors ”), pursuant to which the Company issued an aggregate of 271,136,940 shares of its common stock to the Investors (“ Shares ”) in exchange for the early conversion of certain outstanding promissory notes from August 2025 (the “ Original Notes ”) previously held by the Investors (the “ Conversion Agreements ”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"271,136,940 shares of its common stock"},{"label":"Purchaser","value":"Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail"},{"label":"Consideration","value":"exchange for the early conversion of certain outstanding promissory notes from August 2025"}],"fact_type":"equity_issuance"},{"claim_id":"f7ff0243e8a6d08506d7aa7f8578bfdff6be065f","claim":"Crypto Co issued convertible note to Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail for additional consideration for entering into Conversion Agreements.","evidence_excerpt":"As additional consideration for the Investors’ to enter into the Conversion Agreements, the Company issued to each Investor a new Promissory Note in the original principal amount of each Investor’s Original Note (each a “ Promissory Note ” and collectively, the “ Promissory Notes ”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail"},{"label":"Consideration","value":"additional consideration for entering into Conversion Agreements"}],"fact_type":"equity_issuance"},{"claim_id":"49c851edaebdeaed3e058fe4c1f9d2a24be2d694","claim":"Crypto Co entered into AJB Conversion Agreement with AJB Capital Investments LLC valued at $500,000 in cash (effective 2025-12-10).","evidence_excerpt":"On December 10, 2025, the Company consummated the closing of the previously announced AJB Conversion Agreement, as disclosed in the Company’s Form 8-K filed on December 3, 2025 with AJB Capital Investments LLC (“ AJB ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"AJB Capital Investments LLC"},{"label":"Value","value":"$500,000 in cash"},{"label":"Effective","value":"2025-12-10"}],"fact_type":"material_agreement"},{"claim_id":"4ae0bae7be8a000cc4ecdda5587d06e101fe585c","claim":"Crypto Co entered into New AJB Note with AJB Capital Investments LLC valued at $93,386 (effective 2025-12-10).","evidence_excerpt":"Additionally, the Company entered into an amended and restated promissory note (the “ New AJB Note ”) in the principal amount of $93,386, which shall be the only note outstanding between AJB and the Company following the closing.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"AJB Capital Investments LLC"},{"label":"Value","value":"$93,386"},{"label":"Effective","value":"2025-12-10"}],"fact_type":"material_agreement"},{"claim_id":"98c95cba07964b7756b8bd7343fb11a3c9d0b16c","claim":"Crypto Co entered into Conversion Agreements with Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail valued at $855,579.26.","evidence_excerpt":"On December 4 th and 5 th , 2025, the Crypto Company (the “ Company ”) entered into Conversion Agreements with Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail (each, an “ Investor ” and collectively, the “ Investors ”), pursuant to which the Company issued an aggregate of 271,136,940 shares of its common stock to the Investors (“ Shares ”) in exchange for the early conversion of certain outstanding promissory notes from August 2025 (the “ Original Notes ”) previously held by the Investors (the “ Conversion Agreements ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail"},{"label":"Value","value":"$855,579.26"}],"fact_type":"material_agreement"},{"claim_id":"c9e49a7814405cb851454b173938e4777c7800a6","claim":"Crypto Co entered into Security Agreements with Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail.","evidence_excerpt":"Each new Promissory Note is secured by a subordinated security interest in all assets of the Company, pursuant to a Security Agreement (each a “ Security Agreement ” and collectively, the “ Security Agreements ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.85,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail"}],"fact_type":"material_agreement"},{"claim_id":"da8e37393f775c59d87444dd101287e708c76580","claim":"Crypto Co entered into Promissory Notes with Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail valued at $855,579.26.","evidence_excerpt":"As additional consideration for the Investors’ to enter into the Conversion Agreements, the Company issued to each Investor a new Promissory Note in the original principal amount of each Investor’s Original Note (each a “ Promissory Note ” and collectively, the “ Promissory Notes ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688126/000149315225027061/0001493152-25-027061-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Eksa Holdings LLC, Practivist Investors LLC, and Robert Nail"},{"label":"Value","value":"$855,579.26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}