RiskOn International, Inc.: Nasdaq/NYSE listing notice — BitNile Metaverse receives Nasdaq delisting notice for negative equity of $(13.9)M

RiskOn International, Inc.

Stockholders' equity was $(13.9) million as of March 31, 2023, well below Nasdaq's $2.5 million minimum.
Company has until September 1, 2023 to submit a compliance plan to Nasdaq.
If plan accepted, Nasdaq may grant until January 14, 2024 to evidence compliance.
A prior voting rights deficiency from June 21, 2023 also remains uncured.
Letter has no immediate effect on trading of BNMV common stock on Nasdaq.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

RiskOn International, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

July 18, 2023, BitNile Metaverse, Inc., a Nevada corporation (the “ Company ”) received a letter (the “ Letter ”) from the Listing Qualifications staff (the “ Staff ”) of the Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that the Company’s stockholders’ equity as reported in its Annual Report on Form 10-K for the fiscal year ended March 31, 2023 (the “ Form 10-K ”), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) for the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2.5 million. As reported on its Form 1

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Source: SEC EDGAR

accession 0001214659-23-009894

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