---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-009894"
form_type: "8-K"
ticker: null
cik: "0001437491"
company_name: "RiskOn International, Inc."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T04:54:01.552084+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BitNile Metaverse receives Nasdaq delisting notice for negative equity of $(13.9)M

## Summary
- 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.

## SEC filing metadata
- accession: 0001214659-23-009894
- form_type: 8-K
- cik: 0001437491
- company_name: RiskOn International, Inc.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437491/000121465923009894/0001214659-23-009894-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437491/000121465923009894/p7202318k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-009894
- JSON: https://secwatch.observer/filing/0001214659-23-009894.json
- Plain text: https://secwatch.observer/filing/0001214659-23-009894.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437491/000121465923009894/0001214659-23-009894-index.htm

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