Crypto Co. Files 8-K: Material Agreement & Equity Sales
Ticker: CRCW · Form: 8-K · Filed: Mar 6, 2024 · CIK: 1688126
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
TL;DR
Crypto Co. just dropped an 8-K: new debt and equity sales filed Feb 29th.
AI Summary
On February 29, 2024, Crypto Co. entered into a material definitive agreement, creating a direct financial obligation. The company also reported on the unregistered sales of equity securities. Specific details regarding the agreement and the equity sales were not fully disclosed in this initial filing.
Why It Matters
This filing indicates significant corporate actions, including new financial obligations and equity transactions, which could impact the company's financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing mentions material definitive agreements and financial obligations, which carry inherent risks, alongside unregistered equity sales that can dilute existing shareholders.
Key Players & Entities
- Crypto Co. (company) — Registrant
- February 29, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 000-55726 (filing_id) — SEC File Number
- 46-4212105 (tax_id) — IRS Employer Identification No.
- 23823 Malibu Road, #50477, Malibu, CA 90265 (address) — Principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by Crypto Co. on February 29, 2024?
The filing states that Crypto Co. entered into a material definitive agreement on February 29, 2024, which also created a direct financial obligation. Specific terms of the agreement are not detailed in this initial report.
What type of financial obligation was created by Crypto Co.?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 29, 2024.
What information is provided regarding unregistered sales of equity securities?
The filing explicitly lists 'Unregistered Sales of Equity Securities' as an item of information, but does not provide specific details on the number of shares, price, or purchasers in this report.
What is Crypto Co.'s state of incorporation and principal executive office address?
Crypto Co. is incorporated in Nevada and its principal executive offices are located at 23823 Malibu Road, #50477, Malibu, CA 90265.
Filing Stats: 905 words · 4 min read · ~3 pages · Grade level 13.4 · Accepted 2024-03-06 16:00:36
Key Financial Figures
- $159,000 — missory Note in the principal amount of $159,000 (the "AJB Note") to AJB in a private tr
- $135,000 — ate transaction for a purchase price of $135,000, each dated as of February 29, 2024. In
- $130,000 — s, the net proceeds to the Company were $130,000, which will be used for working capital
Filing Documents
- form8-k.htm (8-K) — 39KB
- 0001493152-24-009022.txt ( ) — 203KB
- crcw-20240229.xsd (EX-101.SCH) — 3KB
- crcw-20240229_lab.xml (EX-101.LAB) — 33KB
- crcw-20240229_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE CRYPTO COMPANY Date: March 6, 2024 By: /s/ Ron Levy Name: Ron Levy Title: Chief Executive Officer, Chief Operating Officer and Secretary