---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-012865"
form_type: "8-K"
ticker: null
cik: "0001437491"
company_name: "RiskOn International, Inc."
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T06:52:12.758445+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BitNile Metaverse eliminates voting rights for Series B and C preferred stock

## Summary
- Filed amendments to Certificate of Designation for Series B and C Convertible Preferred Stock on Sept 28, 2023.
- Amendments remove all voting rights from holders of the Preferred Stock.
- Preferred stock was issued in connection with a Feb 8, 2023 Share Exchange Agreement with Ault Alliance.
- Company trades on Nasdaq under ticker BNMV; no other financial or operational details provided.

## SEC filing metadata
- accession: 0001214659-23-012865
- form_type: 8-K
- cik: 0001437491
- company_name: RiskOn International, Inc.
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437491/000121465923012865/0001214659-23-012865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437491/000121465923012865/p9282308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-012865
- JSON: https://secwatch.observer/filing/0001214659-23-012865.json
- Plain text: https://secwatch.observer/filing/0001214659-23-012865.txt

## Key facts
- Governance Changes
  RiskOn International, Inc.: Amended Certificates of Designation for Series B and Series C Convertible Preferred Stock to eliminate voting rights (effective 2023-09-28).
  - Change: charter amendment
  - Effective: 2023-09-28
  source text: On September 28, 2023, BitNile Metaverse, Inc., a Nevada corporation formerly known as Ecoark Holdings, Inc. (the “ Company ”), filed Certificates of Amendment to the Certificate of Designation of Rights, Preferences, and Limitations (collectively, the “ Amended Certificates ”) with the Nevada Secretary of State with respect to the Company’s Series B Convertible Preferred Stock and its Series C Convertible Preferred Stock (together, the “ Preferred Stock ”) issued in connection with a Share Exchange Agreement dated February 8, 2023, by and among the Company, Ault Alliance, Inc. and the other signatories thereto. The Amended Certificates eliminated the voting rights of the holders of shares of the Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437491/000121465923012865/0001214659-23-012865-index.htm

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