---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-002433"
form_type: "8-K"
ticker: "IONI"
cik: "0001580490"
company_name: "I-ON Digital Corp."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:46:49.073211+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# I-On Digital changes control: IAC holds 58.9% voting stake after note payment

## Summary
- IAC paid $250,000 promissory note in full; Series A and Series B Preferred Shares released on Jan 20, 2023.
- IAC now holds 58.9% of total outstanding voting capitalization, triggering change of control.
- Existing officers and directors expected to resign; IAC management to be appointed upon filing of Form 10-Q/A.
- Company's business focuses on digitization of precious metals and asset-based digital securities on blockchain.

## SEC filing metadata
- accession: 0001140361-23-002433
- form_type: 8-K
- ticker: IONI
- cik: 0001580490
- company_name: I-ON Digital Corp.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 5.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580490/000114036123002433/0001140361-23-002433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580490/000114036123002433/brhc10046915_form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-002433
- JSON: https://secwatch.observer/filing/0001140361-23-002433.json
- Plain text: https://secwatch.observer/filing/0001140361-23-002433.txt

## Key facts
- M&A Transactions
  I-ON Digital Corp. completed an acquisition involving I-ON Acquisition Corp. for $250,000 (closed 2023-01-20).
  - Action: acquisition
  - Counterparty: I-ON Acquisition Corp.
  - Consideration: $250,000
  - Closing: 2023-01-20
  source text: IAC acquired 3,000 shares of a newly created Series A Convertible Preferred Stock, par value $0.0001 per share (the “Series A Preferred”) for proceeds in the amount of $250,000 (the “Subscription Amount”) in the form of a promissory note (the “Note”) which is secured by the pledge of the Series A Shares, the Series B Shares (as defined herein) and other
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580490/000114036123002433/0001140361-23-002433-index.htm

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