secwatch.observer — SEC 8-K summary
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Issuer:     White River Energy Corp. (—)
CIK:        0001589361
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001493152-24-004485
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589361/000149315224004485/0001493152-24-004485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589361/000149315224004485/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004485

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