{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-038609","form_type":"8-K","ticker":"IONI","cik":"0001580490","company_name":"I-ON Digital Corp.","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.623458+00:00","generated_at":"2026-06-09T05:58:39.229487+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"I-ON Digital to acquire controlling stake in Orebits Corp. for $18M in Series C Preferred Stock","bullets":["Acquires 910,000 shares (controlling interest) of Orebits Corp. in exchange for 910,000 Series C Preferred shares.","Also gains approx. 9,700 Orebits.AU gold-backed digital assets to be converted into ION.au digital assets.","Transaction valued at ~$18M; expected to close effective end of Q4 2023, subject to conditions.","I-ON gains Orebits' patented gold-digitization technology and hybrid blockchain platform.","Acquisition aimed at expanding asset-digitization and securitization business for precious metals."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-038609","json":"https://secwatch.observer/filing/0001493152-23-038609.json","markdown":"https://secwatch.observer/filing/0001493152-23-038609.md","text":"https://secwatch.observer/filing/0001493152-23-038609.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1580490/000149315223038609/0001493152-23-038609-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1580490/000149315223038609/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T05:58:39.229487+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":"16cf59bf16f3312e5543bafa8151465772abb232","claim":"I-ON Digital Corp. entered into Contribution and Exchange Agreement with Orebitts Acquisition Group valued at Company acquires 910,000 shares of Orebits Corp. common stock and approximately 9,700 gold-backed di (effective 2023-10-30).","evidence_excerpt":"On October 30, 2023, I-ON Digital Corp. (the “Company”) entered into a Contribution and Exchange Agreement (the “Contribution and Exchange Agreement”) with Orebits Acquisition Group, a Wyoming limited liability company (“OAG”), pursuant to which the Company will acquire 910,000 shares of currently outstanding common stock of Orebits Corp. (“Orebits”), representing a controlling interest in Orebits, in exchange for 910,000 shares of Series C Preferred Stock of the Company (“Series C Stock” and such transaction, the “Transaction”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1580490/000149315223038609/0001493152-23-038609-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Orebitts Acquisition Group"},{"label":"Value","value":"Company acquires 910,000 shares of Orebits Corp. common stock and approximately 9,700 gold-backed di"},{"label":"Effective","value":"2023-10-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}