other_material
confidence high
sentiment neutral
materiality 0.75
Crisp Momentum issues 1B shares to related party Jakota Capital for $6M; ownership rises to 60.32%
Crisp Momentum Inc.
- Issued 1B shares at $0.006/share to Jakota Capital AG for $6M total; $3M cash and $3M promissory note.
- Buyer previously owned 22.65%; post-closing ownership jumps to 60.32% (48.70% from new shares).
- Promissory note at 0.1% interest, 90-day maturity; if unpaid, company can redeem proportional shares for $1.
- Buyer agreed to 6-month lock-up on shares from closing.
item 1.01item 3.02item 9.01