Crypto Co. Reports Material Definitive Agreement and Equity Sales
Ticker: CRCW · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1688126
| Field | Detail |
|---|---|
| Company | Crypto CO (CRCW) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $68,000, $61,200, $55,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, equity-sale, material-agreement
TL;DR
Crypto Co. signed a new deal, took on debt, and sold stock. Details TBD.
AI Summary
On June 7, 2024, Crypto Co. entered into a material definitive agreement, creating a direct financial obligation. The company also reported on unregistered sales of equity securities and other events. Specific details regarding the financial obligation and equity sales were not provided in this excerpt.
Why It Matters
This filing indicates new financial commitments and potential dilution for Crypto Co. shareholders, requiring further investigation into the terms.
Risk Assessment
Risk Level: medium — The filing mentions a material definitive agreement and creation of a financial obligation, which could introduce new risks or financial strain.
Key Players & Entities
- Crypto Co. (company) — Registrant
- June 7, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Malibu, CA (location) — Business and mail address
FAQ
What is the nature of the material definitive agreement entered into by Crypto Co.?
The filing states that Crypto Co. entered into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
What is the direct financial obligation created by Crypto Co.?
The filing indicates the creation of a direct financial obligation by Crypto Co., but the amount and terms of this obligation are not specified in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on June 7, 2024.
What are the business and mailing addresses for Crypto Co.?
The business and mailing addresses for Crypto Co. are listed as 23823 Malibu Road, Suite 50477, Malibu, CA 90265.
What other types of events are reported in this 8-K filing besides the material definitive agreement?
In addition to the material definitive agreement, the filing also reports on the creation of a direct financial obligation, unregistered sales of equity securities, and other events.
Filing Stats: 1,570 words · 6 min read · ~5 pages · Grade level 13.2 · Accepted 2024-06-10 16:00:38
Key Financial Figures
- $68,000 — missory Note in the principal amount of $68,000 (the "AJB Note") to AJB in a private tr
- $61,200 — ate transaction for a purchase price of $61,200, each executed as of June 7, 2024. In c
- $55,000 — s, the net proceeds to the Company were $55,000, which will be used for working capital
Filing Documents
- form8-k.htm (8-K) — 53KB
- ex10-1.htm (EX-10.1) — 32KB
- ex10-2.htm (EX-10.2) — 26KB
- ex10-3.htm (EX-10.3) — 160KB
- ex99-1.htm (EX-99.1) — 9KB
- 0001493152-24-023332.txt ( ) — 486KB
- crcw-20240607.xsd (EX-101.SCH) — 3KB
- crcw-20240607_lab.xml (EX-101.LAB) — 33KB
- crcw-20240607_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: June 10, 2024 By: /s/ Ron Levy Name: Ron Levy Title: Chief Executive Officer, Chief Operating Officer and Secretary