secwatch.observer — SEC 8-K summary
======================================

Issuer:     RHINO BITCOIN INC. (RHNO)
CIK:        0001785493
Form:       8-K/A
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0001493152-26-016826
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhino Digital audited FY2024 net loss $16.3M; going concern doubt raised
------------------------------------------------------------------------

- Net loss of $16.3M in 2024 vs $6.2M in 2023; accumulated deficit $32.1M as of Dec 31, 2024.
- Working capital deficit of $9.5M and negative cash flows from operations of $2.3M in 2024.
- Derivative liability of $8.2M; convertible loan payable net of discount $3.1M.
- Auditor includes going concern emphasis, citing inability to continue without additional financing.
- Bitcoin holdings of $2.0M (Level 1 fair value); $1.2M purchased in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785493/000149315226016826/0001493152-26-016826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785493/000149315226016826/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-016826

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer