Current Report Filing (8-k)
December 13 2017 - 9:01AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): December 12, 2017
The
Crypto Company
(Exact
name of registrant as specified in its charter)
Nevada
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000-55726
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46-4212105
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(State
or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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23805
Stuart Ranch Road, Suite 235
Malibu, CA
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90265
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(Address
of principal executive offices)
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(Zip
Code)
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(424)
228-9955
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (
see
General Instruction A.2. below):
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item
1.01 Entry into a Material Definitive Agreement.
The
information included in Item 3.02 of this Current Report on Form 8-K is incorporated herein by reference.
Item
3.02 Unregistered Sales of Equity Securities.
On
December 12, 2017, The Crypto Company, a Nevada corporation (the “Company”), issued an aggregate of 1,150,280
shares of common stock, par value $0.001 per share (“Common Stock”), at a per share purchase price of $7.00 for aggregate
proceeds of $7,679,488 to seventy-six (76) accredited investors in connection with the closing of a private placement
pursuant to the terms of a Stock Purchase Agreement, by and among the Company and the purchasers thereunder (the “Purchase
Agreement”).
The
Common Stock was issued in reliance upon an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933,
as amended (the “Securities Act”), and Rule 506 of Regulation D promulgated thereunder. In determining that the issuance
of the Common Stock qualified for an exemption under Rule 506 of Regulation D, the Company relied on the following facts: (i)
all of the purchasers of the Common Stock were accredited investors, as defined in Rule 501 of Regulation D promulgated under
the Securities Act, and (ii) the Company did not use any form of general solicitation or advertising to offer the Common Stock.
The
foregoing summary of the transactions contemplated by the Purchase Agreement does not purport to be complete and is subject to,
and qualified in its entirety by, the full text of the Purchase Agreements, a form of which is attached as Exhibits 10.1 hereto,
and which is incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
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.
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THE
CRYPTO COMPANY
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Date:
December 13, 2017
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By:
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/s/
Michael Poutre
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Name:
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Michael
Poutre
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Title:
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Chief
Executive Officer
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