{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-006116","form_type":"8-K","ticker":null,"cik":"0001437491","company_name":"RiskOn International, Inc.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.871069+00:00","generated_at":"2026-06-16T06:22:03.567208+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BitNile Metaverse raises $5.5M via senior secured convertible notes and warrants","bullets":["Gross proceeds $5.5M from $6.875M face value of senior secured convertible notes maturing April 27, 2024.","Notes convertible at $0.1091/share (floor $0.0168); investors also received 5-year warrants for ~63M shares at $0.1091.","Notes secured by all company assets and subsidiaries, including BitNile.com; registration rights granted.","Proceeds to fund marketing, subsidiary spinoffs, and general working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-006116","json":"https://secwatch.observer/filing/0001214659-23-006116.json","markdown":"https://secwatch.observer/filing/0001214659-23-006116.md","text":"https://secwatch.observer/filing/0001214659-23-006116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437491/000121465923006116/0001214659-23-006116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437491/000121465923006116/bm4272328k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:22:03.567208+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"02e5a1ec20c4d30be33f89e622652d3b31e843e7","claim":"RiskOn International, Inc. incurred senior notes of $6,875,000 with certain accredited investors at bear no interest (unless an event of default occurs) as they were issued with an maturing April 27, 2024.","evidence_excerpt":"The Notes have a principal face amount of $6,875,000 and bear no interest (unless an event of default occurs) as they were issued with an original issuance discount. The maturity date of the Notes is April 27, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437491/000121465923006116/0001214659-23-006116-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$6,875,000"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Rate","value":"bear no interest (unless an event of default occurs) as they were issued with an"},{"label":"Maturity","value":"April 27, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"997f26635eb4875ddf940c9cbff37cbf9948a35d","claim":"RiskOn International, Inc. entered into Securities Purchase Agreement with certain accredited investors valued at $6,875,000 (effective 2023-04-27).","evidence_excerpt":"On April 27, 2023 (the “ Closing Date ”), BitNile Metaverse, Inc., a Nevada corporation (the “ Company ”) entered into a Securities Purchase Agreement (the “ SPA ”) with certain accredited investors (the “ Investors ”) providing for the issuance of (i) Senior Secured Convertible Notes (individually, a “ Note ” and collectively, the “ Notes ”) with an aggregate principal face amount of $6,875,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437491/000121465923006116/0001214659-23-006116-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Value","value":"$6,875,000"},{"label":"Effective","value":"2023-04-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}