secwatch.observer — SEC 8-K summary
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Issuer:     RiskOn International, Inc. (—)
CIK:        0001437491
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001214659-24-001241
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RiskOn receives Nasdaq delisting notice due to board independence shortfall
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- Nasdaq notified RiskOn on Jan 23, 2024 that board majority no longer independent after Milton C. Ault III appointment.
- Board currently has 6 directors, only 3 of which qualify as independent, violating Rule 5605.
- Company has a cure period until earlier of next annual meeting or Jan 6, 2025 (or by July 2, 2024 if meeting before that).
- RiskOn intends to appoint one or more independent directors before the cure period ends.
- Notice has no immediate effect on listing or trading of common stock on Nasdaq Capital Market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437491/000121465924001241/0001214659-24-001241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437491/000121465924001241/e1252438k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-001241

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