InvestmentMay 15, 2026, 04:34 PM
Crypto Co Sells 17.6M Shares for $55,000 in Private Placement
AI Summary
Crypto Co executed Subscription Agreements on May 11, 2026, selling an aggregate of 17,600,000 shares of common stock to Boulder Syndicate Ltd and Ron Levy. The total purchase price was $55,000, with $50,000 satisfied by the cancellation of accrued but unpaid compensation owed to Ron Levy, and the remaining $5,000 received in cash. Additionally, the investors received prepaid warrants to participate in a future private placement offering.
Key Highlights
- Sold 17,600,000 common shares in a private placement.
- Aggregate purchase price of $55,000.
- $50,000 of purchase price satisfied by cancelling accrued compensation owed to Ron Levy.
- $5,000 in cash proceeds received.
- Shares issued to institutional and accredited investors Boulder Syndicate Ltd and Ron Levy.
- Investors received prepaid warrants for a future private placement.
- Transaction exempt from registration under Section 4(a)(2) and Rule 506(b).
Price Impact
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