Current Report Filing (8-k)
March 09 2021 - 1:25PM
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): March 8, 2021
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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22809
Pacific Coast Highway, 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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Securities
registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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None
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N/A
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N/A
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
1.01 Entry into a Material Definitive Agreement.
Item
3.02 Unregistered Sales of Equity Securities.
Effective
March 8, 2021, The Crypto Company (the “Company”), entered into a subscription agreement (each, a “Subscription
Agreement”) with five separate investors (each, an “Investor”). Pursuant to the terms of the Subscription Agreements,
the Company sold a total of 412,500 shares of Company common stock at $2.00 per share. For each share of common stock purchased
each Investor received a warrant exercisable to purchase one share of common stock at an exercise price of $0.50 per share (the
“Warrants”). The Company has agreed the proceeds received, or to be received, from certain Investors will only be
utilized for specified purposes.
The
Warrants entitle the holders to purchase, in the aggregate, up to 412,500 shares of Company common stock at an exercise price
of $0.50 per share for a period through February 28, 2026. The Warrants may be exercised for cash consideration or, at the election
of the holder on a cashless basis. The exercise price of the Warrants is subject to adjustment for stock splits, stock dividends,
combinations or similar events.
The
shares of Company common stock and the Warrants were sold in a private transaction and each Investor represented to the Company
that such Investor was an accredited investor. The shares of Company common stock and the Warrants described in this Current Report
on Form 8-K were offered and sold in reliance upon exemption from the registration requirements under Section 4(a)(2) under the
Securities Act of 1933, as amended, and Rule 506(b) of Regulation D promulgated thereunder.
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:
March 9, 2021
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By:
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/s/
Ron Levy
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Name:
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Ron Levy
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Title:
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Chief Executive Officer, Chief Operating Officer
and Secretary
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