Crypto Co. Reports Material Agreement and Equity Sales
Ticker: CRCW · Form: 8-K · Filed: Jun 27, 2024 · CIK: 1688126
Sentiment: neutral
Topics: material-agreement, equity-sale, financial-obligation
TL;DR
Crypto Co. just signed a big deal and sold some stock. Watch this space.
AI Summary
On June 24, 2024, Crypto Co. entered into a material definitive agreement, creating a direct financial obligation. The company also reported unregistered sales of equity securities. Further details on the agreement and sales are expected.
Why It Matters
This filing indicates new financial commitments and the issuance of equity, which could impact the company's financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing details a material definitive agreement and unregistered equity sales, which can introduce financial obligations and dilutive effects.
Key Players & Entities
- Crypto Co. (company) — Registrant
- June 24, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 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.?
The filing states that Crypto Co. entered into a material definitive agreement on June 24, 2024, but does not provide specific details about the agreement itself within the provided text.
What type of financial obligation was created by Crypto Co.?
Crypto Co. created a direct financial obligation or an obligation under an off-balance sheet arrangement, as reported on June 24, 2024.
Did Crypto Co. engage in any unregistered sales of equity securities?
Yes, the filing indicates that Crypto Co. reported unregistered sales of equity securities.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on June 24, 2024.
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: 932 words · 4 min read · ~3 pages · Grade level 13.3 · Accepted 2024-06-27 16:00:29
Key Financial Figures
- $72,500 — missory Note in the principal amount of $72,500 (the "AJB Note") to AJB in a private tr
- $58,000 — ate transaction for a purchase price of $58,000, each executed as of June 24, 2024. In
- $18,000 — s, the net proceeds to the Company were $18,000, which will be used for working capital
Filing Documents
- form8-k.htm (8-K) — 40KB
- 0001493152-24-025424.txt ( ) — 205KB
- crcw-20240624.xsd (EX-101.SCH) — 3KB
- crcw-20240624_lab.xml (EX-101.LAB) — 33KB
- crcw-20240624_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 27, 2024 By: /s/ Ron Levy Name: Ron Levy Title: Chief Executive Officer, Chief Operating Officer and Secretary