Crypto Co Enters Material Agreement, Reports Equity Sales
Ticker: CRCW · Form: 8-K · Filed: Sep 4, 2024 · CIK: 1688126
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
TL;DR
Crypto Co signed a big deal, owes money, and sold stock. Details TBD.
AI Summary
On August 28, 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 nature of the agreement and the equity sales are not provided in this summary.
Why It Matters
This filing indicates Crypto Co has entered into a significant agreement that creates a financial obligation and has also issued new equity, which could impact its financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing mentions a material definitive agreement creating a financial obligation and unregistered sales of equity, which can introduce financial and dilution risks.
Key Players & Entities
- Crypto Co (company) — Registrant
- August 28, 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 does not specify the details of the material definitive agreement, only that it was entered into on August 28, 2024, and creates a direct financial obligation.
What type of financial obligation was created by the agreement?
The filing states that the agreement created a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant,' but does not provide specific dollar amounts or terms.
When did the unregistered sales of equity securities occur?
The filing indicates that unregistered sales of equity securities are an item of information for this report, but does not provide a specific date for these sales.
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.
What is the significance of the 'FORM TYPE: 8-K' designation?
A Form 8-K is a report of unscheduled material events or corporate changes at a company that are of interest to the public shareholders, filed with the SEC.
Filing Stats: 929 words · 4 min read · ~3 pages · Grade level 13.3 · Accepted 2024-09-04 16:00:17
Key Financial Figures
- $120,000 — missory Note in the principal amount of $120,000 (the "AJB Note") to AJB in a private tr
- $108,000 — ate transaction for a purchase price of $108,000, each dated as of August 28, 2024. In c
- $98,000 — s, the net proceeds to the Company were $98,000, which will be used for working capital
Filing Documents
- form8-k.htm (8-K) — 39KB
- 0001493152-24-034974.txt ( ) — 204KB
- crcw-20240828.xsd (EX-101.SCH) — 3KB
- crcw-20240828_lab.xml (EX-101.LAB) — 33KB
- crcw-20240828_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: September 4, 2024 By: /s/ Ron Levy Name: Ron Levy Title: Chief Executive Officer, Chief Operating Officer and Secretary