secwatch.observer — SEC 8-K summary
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Issuer:     White River Energy Corp. (—)
CIK:        0001589361
Form:       8-K/A
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001493152-22-029889
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

White River Energy acquires White River Holdings; acquired entity reports $16.7M deficit and going concern
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589361/000149315222029889/0001493152-22-029889-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589361/000149315222029889/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-029889

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