secwatch.observer — SEC 8-K summary
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Issuer:     RiskOn International, Inc. (—)
CIK:        0001437491
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001214659-23-006116
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BitNile Metaverse raises $5.5M via senior secured convertible notes and warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437491/000121465923006116/0001214659-23-006116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437491/000121465923006116/bm4272328k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-006116

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer