---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-036287"
form_type: "8-K"
ticker: "IONI"
cik: "0001580490"
company_name: "I-ON Digital Corp."
filed_at: "2022-10-05T23:59:59+00:00"
generated_at: "2026-06-23T05:22:01.124308+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# I-ON Digital spins off subsidiary, issues preferred shares, pivots to bitcoin mining via IAC

## Summary
- Spin-off of I-On Communications to JFJ Digital; 15,306,119 common shares returned by CEO and director.
- Issued 3,000 Series A Preferred shares to I-ON Acquisition Corp. for $250,000 promissory note secured by pledge.
- Issued 6,000 Series B Preferred shares to purchasers in exchange for asset assignments.
- Each Series A share converts to 10,000 common shares; each Series B converts to 1,000 common shares.
- Company to adopt IAC's operations providing funding and hashing power for bitcoin mining after closing.

## SEC filing metadata
- accession: 0001140361-22-036287
- form_type: 8-K
- ticker: IONI
- cik: 0001580490
- company_name: I-ON Digital Corp.
- filed_at: 2022-10-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 5.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580490/000114036122036287/0001140361-22-036287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580490/000114036122036287/brhc10042709_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-036287
- JSON: https://secwatch.observer/filing/0001140361-22-036287.json
- Plain text: https://secwatch.observer/filing/0001140361-22-036287.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.