Crypto Co. Enters Material Agreement, Reports Equity Sales
Ticker: CRCW · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1688126
Sentiment: neutral
Topics: material-agreement, equity-sale, financial-obligation
TL;DR
Crypto Co. signed a new deal and sold stock, watch for dilution.
AI Summary
On December 19, 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 sales are not provided in this excerpt.
Why It Matters
This filing indicates new financial commitments and potential dilution from equity sales, which could impact the company's financial health and stock value.
Risk Assessment
Risk Level: medium — The filing indicates new financial obligations and unregistered equity sales, which can introduce financial risk and potential dilution.
Key Players & Entities
- Crypto Co. (company) — Registrant
- December 19, 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, but the specific details of this agreement are not provided in the excerpt.
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 in the filing.
When did the events reported in this 8-K filing occur?
The earliest event reported occurred on December 19, 2024.
What other significant event is reported in this filing besides the agreement?
The filing also reports unregistered sales of equity securities by Crypto Co.
Where is Crypto Co. incorporated and what is its 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: 929 words · 4 min read · ~3 pages · Grade level 13.4 · Accepted 2024-12-20 16:00:12
Key Financial Figures
- $36,500 — missory Note in the principal amount of $36,500 (the "AJB Note") to AJB in a private tr
- $32,850 — ate transaction for a purchase price of $32,850, each fully executed on December 19, 20
- $27,850 — s, the net proceeds to the Company were $27,850, which will be used for working capital
Filing Documents
- form8-k.htm (8-K) — 42KB
- 0001493152-24-051039.txt ( ) — 209KB
- crcw-20241219.xsd (EX-101.SCH) — 3KB
- crcw-20241219_lab.xml (EX-101.LAB) — 33KB
- crcw-20241219_pre.xml (EX-101.PRE) — 24KB
- 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: December 20, 2024 By: /s/ Ron Levy Name: Ron Levy Title: Chief Executive Officer, Chief Operating Officer and Secretary