secwatch.observer — SEC 8-K summary
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Issuer:     RHINO BITCOIN INC. (RHNO)
CIK:        0001785493
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001641172-25-022641
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785493/000164117225022641/0001641172-25-022641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785493/000164117225022641/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-022641

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