The Crypto Company announced a private placement with the principal amount of $68,000 on June 7, 2024. The transaction included participation from returning lender, AJB Capital Investments LLC. The company has issued promissory note in the transaction.

The note carries a 12% interest rate per annum. The note will mature on December 1, 2024. The company incurred total issuance expenses of $6,200 and raised net proceeds of $55,000 in the transaction.

The company incurred an original issue discount in the amount of $6,800. The interest shall accrue on a monthly basis.