secwatch.observer — SEC 8-K summary
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Issuer:     RiskOn International, Inc. (—)
CIK:        0001437491
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001213900-23-038156
Event type: regulatory
Sentiment:  negative
Materiality: 1.00
Item codes: 3.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BitNile Metaverse receives Nasdaq delisting notice; executes 1-for-30 reverse stock split
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- Nasdaq notified delisting effective May 17, 2023 because stock traded below $0.10 for 10 consecutive days.
- Company intends to appeal by May 15, 2023 seeking to regain compliance.
- Effective May 4, 2023, implemented 1-for-30 reverse stock split to increase share price.
- Post-split shares outstanding approximately 1.6 million; authorized shares reduced to 3.3 million.
- Amended Series A Preferred Stock to fix voting rights and conversion limits for Nasdaq compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437491/000121390023038156/0001213900-23-038156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437491/000121390023038156/ea178295-8k_bitnile.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-038156

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