---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-022641"
form_type: "8-K"
ticker: "RHNO"
cik: "0001785493"
company_name: "RHINO BITCOIN INC."
filed_at: "2025-08-08T23:59:59+00:00"
generated_at: "2026-05-17T16:43:59.081224+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Phoenix Plus Corp. to acquire Rhino Digital in reverse merger; Rhino shareholders get 2 Phoenix shares per share

## Summary
- Each Rhino common share converts into 2 Phoenix Plus common shares; Series A Preferred converts into 200,000 new Phoenix Preferred shares.
- Rhino convertible notes convert into Phoenix common at $0.18 or $0.25 per share based on the note.
- Phoenix's sole officer/director resigns; Rhino's sole officer/director appointed as Phoenix's sole officer/director at closing.
- Rhino will purchase 6,232,742 Phoenix shares from selling shareholders for $440,000, then cancel them.
- Closing subject to customary conditions; parties intend Merger to qualify as tax-free reorganization under Section 368(a)(1)(B).

## SEC filing metadata
- accession: 0001641172-25-022641
- form_type: 8-K
- ticker: RHNO
- cik: 0001785493
- company_name: RHINO BITCOIN INC.
- filed_at: 2025-08-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785493/000164117225022641/0001641172-25-022641-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785493/000164117225022641/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-022641
- JSON: https://secwatch.observer/filing/0001641172-25-022641.json
- Plain text: https://secwatch.observer/filing/0001641172-25-022641.txt

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