other_material
confidence high
sentiment neutral
materiality 0.60
The Crypto Company issues 52.7M shares for digital assets and $1.025M convertible notes
Crypto Co
- Issued 52,712,088 shares to five accredited investors for 3 BTC, 5.07 ETH, 110,505 XRP, 733.83 AVAX and $100,000 USD.
- Convertible promissory notes with aggregate principal up to $1,025,000; no interest, six-month maturity.
- At maturity, notes convert at 135% of principal into shares based on 10-day VWAP, or repayable in contributed tokens.
- Investors received additional shares equal to 5% of principal amount as an inducement.
- Notes and shares issued under Regulation D, exempt from registration; securities are restricted.
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