---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-004485"
form_type: "8-K"
ticker: null
cik: "0001589361"
company_name: "White River Energy Corp."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T13:29:25.331017+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# White River Energy amends Series A preferred terms; RiskOn abandons original distribution plan

## Summary
- Series A preferred stock now convertible at any time, subject to 4.99% beneficial ownership limit (can increase to 9.99% on 61 days' notice).
- Previous restriction required SEC registration statement effective before conversion; that condition removed.
- RiskOn, holder of all 1,200 Series A shares, cannot complete original distribution of ~42.3M common shares to its shareholders due to regulatory issues.
- RiskOn will instead send eligible holders an agreement to verify beneficial ownership as of Sep 30, 2022 and accredited investor status.
- White River will file a Post-Effective Amendment to deregister the unsold shares from the registration statement.

## SEC filing metadata
- accession: 0001493152-24-004485
- form_type: 8-K
- cik: 0001589361
- company_name: White River Energy Corp.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589361/000149315224004485/0001493152-24-004485-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589361/000149315224004485/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004485
- JSON: https://secwatch.observer/filing/0001493152-24-004485.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004485.txt

## Key facts
- Governance Changes
  White River Energy Corp.: Filed Second Amended and Restated Certificate of Designation for Series A Convertible Preferred Stock, amending conversion terms to allow holder election at any time subject to 4.99% beneficial ownership limitation, replacing prior condition of SEC registration effectiveness and holder distribution (effective 2024-01-30).
  - Change: charter amendment
  - Effective: 2024-01-30
  source text: filed a Second Amended and Restated Certificate of Designation of the Rights, Preferences and Limitations of the Series A with the Nevada Secretary of State (the “Amended Certificate”). The Amended Certificate amended certain of the terms of the Series A, including by providing for the conversion of the Series A at any time at the election of the applicable holder, subject to a 4.99% beneficial ownership limitation which may be increased to 9.99% upon 61 days’ notice by the holder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589361/000149315224004485/0001493152-24-004485-index.htm

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