---
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"
generated_at: "2026-05-17T10:55:09.093772+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Phoenix Plus completes reverse merger with Rhino Digital, appoints Lyle Hauser CEO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 3.02, 5.01, 5.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-025003
- JSON: https://secwatch.observer/filing/0001641172-25-025003.json
- Plain text: https://secwatch.observer/filing/0001641172-25-025003.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2025-08-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/0001641172-25-025003-index.htm
- M&A Transactions
  RHINO BITCOIN INC. completed an acquisition involving Rhino Digital Inc. (closed 2025-08-19).
  - Action: acquisition
  - Counterparty: Rhino Digital Inc.
  - Closing: 2025-08-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/0001641172-25-025003-index.htm
- M&A Transactions
  RHINO BITCOIN INC. completed a disposition involving Lee Chong Chow (closed 2025-08-19).
  - Action: disposition
  - Counterparty: Lee Chong Chow
  - Closing: 2025-08-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/0001641172-25-025003-index.htm
- M&A Transactions
  RHINO BITCOIN INC. underwent a change of control involving Lyle Hauser / Vantage Group Ltd. (closed 2025-08-19).
  - Action: change of control
  - Counterparty: Lyle Hauser / Vantage Group Ltd.
  - Closing: 2025-08-19
  source text: The closing of the Merger Agreement resulted in a change in control of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785493/000164117225025003/0001641172-25-025003-index.htm

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