---
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"
generated_at: "2026-06-09T05:58:39.229487+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# I-ON Digital to acquire controlling stake in Orebits Corp. for $18M in Series C Preferred Stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-038609
- JSON: https://secwatch.observer/filing/0001493152-23-038609.json
- Plain text: https://secwatch.observer/filing/0001493152-23-038609.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Orebitts Acquisition Group
  - Value: Company acquires 910,000 shares of Orebits Corp. common stock and approximately 9,700 gold-backed di
  - Effective: 2023-10-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1580490/000149315223038609/0001493152-23-038609-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.