---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-084011"
form_type: "8-K"
ticker: null
cik: "0001437491"
company_name: "RiskOn International, Inc."
filed_at: "2022-12-30T23:59:59+00:00"
generated_at: "2026-06-20T21:25:30.653212+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ecoark receives Nasdaq delisting notices for voting rule violation and minimum bid price

## Summary
- Nasdaq letter Dec 27: noncompliance with Listing Rules 5635(d) and 5640 due to Series A Preferred Stock amendment.
- Company must submit a plan by Feb 10, 2023; failure may lead to delisting from Nasdaq.
- Dec 30: bid price deficiency; 180-day grace period to regain $1.00 minimum closing bid for 10 consecutive days.
- CEO Randy May advanced $125,000 to company with no interest or fixed maturity; repayable when working capital permits.

## SEC filing metadata
- accession: 0001213900-22-084011
- form_type: 8-K
- cik: 0001437491
- company_name: RiskOn International, Inc.
- filed_at: 2022-12-30T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437491/000121390022084011/0001213900-22-084011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437491/000121390022084011/ea171068-8k_ecoark.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-084011
- JSON: https://secwatch.observer/filing/0001213900-22-084011.json
- Plain text: https://secwatch.observer/filing/0001213900-22-084011.txt

## Key facts
- Debt Financings
  RiskOn International, Inc. incurred loan of $125,000 with Randy May at without bearing interest maturing without having any fixed maturity date.
  - Instrument: loan
  - Principal: $125,000
  - Counterparty: Randy May
  - Rate: without bearing interest
  - Maturity: without having any fixed maturity date
  - Event: incurrence
  source text: Beginning on December 13, 2022 through December 30, 2022, Ecoark Holdings, Inc. (the “Company”) received advances totaling $125,000 from Randy May, the Company’s Chief Executive Officer and Chairman of the Board of Directors. The advances were made by Mr. May without bearing interest or having any fixed maturity date, but with the understanding that the Company will repay these advances as and when it has sufficient working capital to do so.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437491/000121390022084011/0001213900-22-084011-index.htm
- Listing & Compliance Notices
  RiskOn International, Inc. received a nasdaq deficiency notice notice regarding other (rules 5635(d), 5640).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: 5635(d), 5640
  source text: December 27, 2022, the Company received a letter (the “Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of its noncompliance with shareholder approval requirements set forth in Listing Rule 5635(d), which requires shareholder approval for transactions, other than public offerings, involving the issuance of 20% or more of the pre-transaction shares outstanding at less than the Minimum Price (as defined therein). Additionally, the Letter indicates that the Company has violated Nasdaq’s voting rights rule set forth in Listing Rule 5640. The matters described in the Lette
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437491/000121390022084011/0001213900-22-084011-index.htm

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