White River Energy Corp.: M&A transaction — White River Energy acquires White River Holdings; acquired entity reports $16.7M deficit and going concern

White River Energy Corp.

Acquired White River Holdings had FY2022 net loss of $6.9M on $5.0M revenue; FY2021 net loss $9.8M on $2.4M revenue.
Accumulated deficit of $16.7M as of March 31, 2022; auditor's report notes substantial doubt about going concern.
Total liabilities of $27.6M exceed total assets of $11.5M, resulting in negative stockholders' equity of $16.1M.
Acquisition completed via share exchange; the amendment adds financial statements required under Items 2.01 and 9.01.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

White River Energy Corp. completed an acquisition involving White River Holdings Corp.

Action: acquisition
Counterparty: White River Holdings Corp

Exact text from the filing

The Original 8-K was filed in connection with the Company’s acquisition of 100% of the issued and outstanding capital stock of White River pursuant to the Share Exchange Agreement (the “Transaction”), as more particularly described in the Original 8-K.

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001493152-22-029889

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.