{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-025003","form_type":"8-K","ticker":"RHNO","cik":"0001785493","company_name":"RHINO BITCOIN INC.","filed_at":"2025-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.986549+00:00","generated_at":"2026-05-17T10:55:09.093772+00:00","sec_items":["2.01","3.02","5.01","5.02","5.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Phoenix Plus completes reverse merger with Rhino Digital, appoints Lyle Hauser CEO","bullets":["Closed merger with Rhino Digital, a Bitcoin financial services company; Rhino becomes wholly-owned subsidiary.","Issued 73,295,981 shares to Rhino stockholders and note holders; Series A Preferred with 51% voting power issued to Hauser entity.","Former renewable energy subsidiary Phoenix Plus Labuan sold for $1 to Lee Chong Chow; business focus shifts to Bitcoin.","Lyle Hauser appointed CEO, president, secretary and director; prior CEO Lee Chong Chow resigned."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-025003","json":"https://secwatch.observer/filing/0001641172-25-025003.json","markdown":"https://secwatch.observer/filing/0001641172-25-025003.md","text":"https://secwatch.observer/filing/0001641172-25-025003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/0001641172-25-025003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:55:09.093772+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"400be8f1b0b03e9dcbccb1c6d70c8f7efaef8471","claim":"RHINO BITCOIN INC.: Filed a Certificate of Designation for Series A Preferred Stock with the Nevada Secretary of State, designating 200,000 shares as Series A Preferred Stock (effective 2025-08-19).","evidence_excerpt":"In connection with the closing of the Merger Agreement, the Company filed a certificate of designation of Series A Preferred Stock with Secretary of State of Nevada, pursuant to which the Company designated 200,000 shares as Series A Preferred Stock","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/0001641172-25-025003-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-08-19"}],"fact_type":"governance_change"},{"claim_id":"84d47344f9aa2341a272b10d6c543d6e495ddae6","claim":"RHINO BITCOIN INC. completed an acquisition involving Rhino Digital Inc. (closed 2025-08-19).","evidence_excerpt":"On August 19, 2025, Phoenix Plus Corp. (the \"Company\") closed its previously disclosed agreement and plan of merger (the \"Merger Agreement\") among the Company, Rhino Merger Acquisition Sub, Inc., a newly formed wholly-owned subsidiary of the Company (\"Merger Sub\"), Rhino Digital Inc. (\"Rhino\"), and solely with respect to Section 9.1(d) of the Merger Agreement, the Selling Shareholders named therein.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/0001641172-25-025003-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Rhino Digital Inc."},{"label":"Closing","value":"2025-08-19"}],"fact_type":"ma_transaction"},{"claim_id":"8a6ef6312a4c5bb782874ce3105c551bd5b85eaf","claim":"RHINO BITCOIN INC. completed a disposition involving Lee Chong Chow (closed 2025-08-19).","evidence_excerpt":"Concurrently with the closing of the Merger Agreement, all outstanding shares of the Company's wholly-owned subsidiary, Phoenix Plus Corp., a Labuan, Malaysia corporation (\"Phoenix Plus Labuan\"), were transferred to Mr. Lee.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/0001641172-25-025003-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Lee Chong Chow"},{"label":"Closing","value":"2025-08-19"}],"fact_type":"ma_transaction"},{"claim_id":"e4bc5a4d6d97db6ad83530930691cbc75d06e6d2","claim":"RHINO BITCOIN INC. underwent a change of control involving Lyle Hauser / Vantage Group Ltd. (closed 2025-08-19).","evidence_excerpt":"The closing of the Merger Agreement resulted in a change in control of the Company.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/0001641172-25-025003-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Lyle Hauser / Vantage Group Ltd."},{"label":"Closing","value":"2025-08-19"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}