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SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Milton C. Ault, III(96.51%),Ault Alliance, Inc.(96.50%), etc.

SEC announcement ·  Jul 9 04:34
Summary by Futu AI
On July 8, 2024, an Amendment No. 2 to Schedule 13D was filed with the SEC by Ault Alliance, Inc., and other reporting persons, reflecting a change in beneficial ownership of RiskOn International, Inc. shares following the company's delisting from the Nasdaq Capital Market on June 13, 2024. The delisting allowed for the conversion of preferred stock into a greater number of common shares, as the exchange's blocker provisions were no longer applicable. The filing detailed the ownership stakes of various entities and individuals, including Ault Alliance, Inc., Ault Lending, LLC, Ault & Company, Inc., and several executives, with Ault Alliance, Inc. potentially owning 96.50% of RiskOn International, Inc. due to convertible preferred stocks. The filing also outlined the source of funds for the securities, the percentage of class represented by the ownership, and the voting and dispositive power held. Additionally, the filing included information on contracts, arrangements, and relationships with respect to the securities of the issuer.
On July 8, 2024, an Amendment No. 2 to Schedule 13D was filed with the SEC by Ault Alliance, Inc., and other reporting persons, reflecting a change in beneficial ownership of RiskOn International, Inc. shares following the company's delisting from the Nasdaq Capital Market on June 13, 2024. The delisting allowed for the conversion of preferred stock into a greater number of common shares, as the exchange's blocker provisions were no longer applicable. The filing detailed the ownership stakes of various entities and individuals, including Ault Alliance, Inc., Ault Lending, LLC, Ault & Company, Inc., and several executives, with Ault Alliance, Inc. potentially owning 96.50% of RiskOn International, Inc. due to convertible preferred stocks. The filing also outlined the source of funds for the securities, the percentage of class represented by the ownership, and the voting and dispositive power held. Additionally, the filing included information on contracts, arrangements, and relationships with respect to the securities of the issuer.
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