Crisp Momentum Inc.

09/09/2025 | Press release | Distributed by Public on 09/09/2025 15:27

Material Agreement, Private Placement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On September 5, 2025, Crisp Momentum Inc. (the "Company") entered into a Stock Purchase Agreement (the "Purchase Agreement") with Jakota Capital AG, a company incorporated under the laws of Switzerland (the "Buyer"), pursuant to which the Company agreed to issue and sell to the Buyer a total of 1,000,000,000 shares of common stock (the "Shares") for a total purchase price of $6,000,000 (the "Transaction"). Pursuant to the terms and conditions of the Purchase Agreement, at the closing, the Company received (i) $3,000,000 of the purchase price in cash and (ii) a promissory note issued by the Buyer in the amount of $3,000,000 (the "Note"). The Note accrues interest at 0.1% per annum and matures on the earlier of 90 days from the closing date or such earlier date as the Note may be accelerated pursuant to the event of default provisions set forth therein. If the Buyer does not repay the Note by its maturity date, the Company will have the right to redeem a portion of the Shares issued in the Transaction, equal in value to the unpaid balance of the Note, for a total redemption price of $1.00.

The Buyer is a related party with prior investment history in the Company. Prior to the closing, the Buyer owned approximately 22.65% of the issued and outstanding shares of common stock of the Company on a fully diluted basis. The Shares issued to the Buyer pursuant to the Purchase Agreement constitute approximately 48.70% of the shares of common stock of the Company outstanding on a fully diluted basis immediately following the closing, increasing the Buyer's total ownership to 60.32%. The Purchase Agreement contains representations, warranties and covenants of the Company that are customary for a transaction of this nature. The Purchase Agreement also contains indemnification obligations of the parties thereto.

The foregoing descriptions of the Purchase Agreement and the Note do not purport to be complete and are subject to and qualified in their entirety by the full text of the Purchase Agreement and the Note, copies of which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and is incorporated into this Item 1.01 by reference.

As a condition to closing, the parties agreed that the Buyer must enter into a lock-up agreement with the Company, pursuant to which the Buyer agreed that it will not sell or transfer (subject to certain customary exceptions) any shares of the Company's common stock for a period of six months following the closing. The Form of Lock-Up Agreement is attached as Exhibit 10.3 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.

Item 3.02 Unregistered Sales of Equity Securities.

The information contained in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 3.02. The Shares are being offered and sold by the Company to the Buyers under the Purchase Agreement in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), afforded by Section 4(a)(2) of the Securities Act.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements. All statements other than statements of historical facts included in this report are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "intend," "expect," "anticipate," "plan," "potential," "continue," "will," "would" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the registrant's filings with the SEC. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the registrant's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the registrant's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The registrant assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future, except as required by U.S. federal securities laws.

Crisp Momentum Inc. published this content on September 09, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 09, 2025 at 21:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]