debt
confidence high
sentiment neutral
materiality 0.50
Crypto Co (CRCW): debt financing — The Crypto Company borrows $68,000 via promissory note, issues warrant for 50M shares
Crypto Co
- Borrowed $68,000 principal from AJB Capital Investments; net proceeds $51,381.35 after fees.
- Promissory note bears 12% annual interest, matures December 11, 2025.
- Issued pre-funded common stock purchase warrant for up to 50,000,000 shares at $0.00001 exercise price.
- Company granted security interest in all assets to secure obligations to AJB.
- Funds available upon borrowing notice; note prepayable without penalty.