secwatch.observer — SEC 8-K summary
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Issuer:     Crisp Momentum Inc. (CRSF)
CIK:        0000924396
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001641172-25-017206
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OpenLocker issues 484.7M shares (43.8% of diluted total) to Jakota Games for $500K
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- 484,661,435 shares sold at $0.001031648 per share, total purchase price $500,000.
- Shares represent ~43.8% of fully diluted shares outstanding immediately after closing.
- Buyer agrees to 12-month lock-up on share sales per attached Lock-Up Agreement.
- Closing expected week of June 30, 2025; funds to be wired to company account.
- Massive dilution: existing holders' stake reduced by nearly half for minimal cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924396/000164117225017206/0001641172-25-017206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924396/000164117225017206/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-017206

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