Director & 10% Owner Converts $2.64M Convertible Loan into Equity, Significantly Increasing Stake

summarizeSummary

A Director and 10% owner, Cheng Chi Kong, through Aurion Prime Holdings Ltd, converted a $2.64 million convertible loan into 213.25 million common shares, significantly increasing their equity stake in Crisp Momentum Inc.

check_boxKey Events · Ownership and Investor Activity · CRSF

• Significant Equity Acquisition

  Cheng Chi Kong, a Director and 10% owner, through Aurion Prime Holdings Ltd, acquired 213,250,926 common shares.

• Debt-to-Equity Conversion

  The shares were acquired by converting a $2,644,311 convertible loan, strengthening the company's balance sheet by reducing debt.

• Substantial Stake Increase

  This transaction represents a significant increase in the insider's beneficial ownership, equivalent to over 4% of Crisp Momentum Inc.'s market capitalization.

• Conversion Price

  The convertible loan was converted at a price of $0.0124 per share.

auto_awesomeAnalysis · CRSF · Crypto Assets

This Form 4 reports a substantial increase in beneficial ownership by a key insider. Cheng Chi Kong, a Director and 10% owner, through Aurion Prime Holdings Ltd, converted a $2.64 million convertible loan into common stock, acquiring shares equivalent to over 4% of the company's current market capitalization. This conversion of debt to equity strengthens the company's balance sheet by reducing leverage and signals a strong commitment from a significant shareholder. The transaction was executed at a conversion price of $0.0124 per share, which was a discount to the current market price, as is typical for such debt instruments. This event follows a related 13D/A filing on March 6, 2026, which likely reported the disposition of these shares by the counterparty (Jakota) to repay the loan.