{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-24-008027","form_type":"8-K","ticker":null,"cik":"0001437491","company_name":"RiskOn International, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.421875+00:00","generated_at":"2026-06-03T02:38:58.390340+00:00","sec_items":["2.04","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"RiskOn receives default notice on $6.875M notes; Ault becomes Exec Chairman, Spaziano named CEO","bullets":["Received default notice from investor due to failure to list common stock on eligible market and failure to repay notes at maturity.","Milton C. Ault III resigned as CEO, appointed Executive Chairman; Joseph M. Spaziano resigned as COO, appointed CEO effective April 30.","Both Ault and Spaziano currently uncompensated for their new roles.","Bonus pool of $25M triggered if BitNile.com revenue reaches $100M; Ault eligible for $10M.","Company intends to defend its position if no amicable resolution with investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-24-008027","json":"https://secwatch.observer/filing/0001214659-24-008027.json","markdown":"https://secwatch.observer/filing/0001214659-24-008027.md","text":"https://secwatch.observer/filing/0001214659-24-008027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437491/000121465924008027/0001214659-24-008027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437491/000121465924008027/z512438k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:38:58.390340+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5d85b1c3abaf4288c2e46c07c3ecfb4b5b7b3356","claim":"RiskOn International, Inc. reported a default on convertible notes of $6,875,000 with Investors maturing maturity date.","evidence_excerpt":"” and collectively, the “ Investors ”), senior secured convertible notes (individually, a “ Note ” and collectively, the “ Notes ”) with an aggregate principal face amount of $6,875,000, which such Notes are convertible into shares of common stock, par value $0.001 per share of the Company (the “ Common Stock ”) and five-year warrants to purchase an aggregate of","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437491/000121465924008027/0001214659-24-008027-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$6,875,000"},{"label":"Counterparty","value":"Investors"},{"label":"Maturity","value":"maturity date"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"5358df6119","claim":"Milton C. Ault, III was appointed as Executive Chairman at RiskOn International, Inc..","evidence_excerpt":"On the Effective Date, the Company appointed Mr. Ault as its Executive Chairman.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437491/000121465924008027/0001214659-24-008027-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}