Loan & DebtSep 24, 2026, 04:55 PM
Crypto Co Extends Note Maturities by Issuing 234M Shares
AI Summary
Crypto Co (CRCW) has amended its secured promissory notes with several noteholders, including Eksa Holdings LLC and Practivist Investors LLC. In exchange for extending the maturity of these notes, the company issued approximately 234.25 million shares of its common stock. The principal amount of the notes was $1,054,071, and the shares were valued at $0.0009 each. The amended notes now mature in August 2027, with a provision for an additional 10% payment in shares if the principal remains outstanding by May 11, 2027. These transactions were conducted under exemptions from registration requirements.
Key Highlights
- Crypto Co amended secured promissory notes with Eksa Holdings LLC, Practivist Investors LLC, Robert Nail, and Three Mile Creek Future LLC.
- Company issued 234,251,400 shares of common stock in exchange for maturity extension of promissory notes.
- Aggregate principal amount of promissory notes was $1,054,071, with shares valued at $0.0009 each.
- Amended notes mature in August 2027, with a potential additional 10% payment in shares if principal remains outstanding by May 11, 2027.
- Shares and notes were issued under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D, exempting them from registration.
Price Impact
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