Crypto Co. Enters Material Agreement, Reports Equity Sales
Ticker: CRCW · Form: 8-K · Filed: Jul 24, 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 July 22, 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 — Entering new agreements and selling equity can introduce financial risks and dilute existing shareholder value.
Key Players & Entities
- Crypto Co. (company) — Registrant
- July 22, 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 July 22, 2024, creating a direct financial obligation, but does not specify the agreement's details.
What type of obligation was created by the agreement?
The agreement created a direct financial obligation for Crypto Co.
Were there any unregistered sales of equity securities?
Yes, the filing indicates that there were unregistered sales of equity securities by Crypto Co.
What is Crypto Co.'s state of incorporation?
Crypto Co. is incorporated in Nevada.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on July 22, 2024.
Filing Stats: 929 words · 4 min read · ~3 pages · Grade level 13.3 · Accepted 2024-07-24 16:00:28
Key Financial Figures
- $59,000 — missory Note in the principal amount of $59,000 (the "AJB Note") to AJB in a private tr
- $47,200 — ate transaction for a purchase price of $47,200, each executed as of July 22, 2024. In
- $44,700 — s, the net proceeds to the Company were $44,700, which will be used for working capital
Filing Documents
- form8-k.htm (8-K) — 39KB
- 0001493152-24-028914.txt ( ) — 204KB
- crcw-20240722.xsd (EX-101.SCH) — 3KB
- crcw-20240722_lab.xml (EX-101.LAB) — 33KB
- crcw-20240722_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: July 24, 2024 By: /s/ Ron Levy Name: Ron Levy Title: Chief Executive Officer, Chief Operating Officer and Secretary