Key facts
- This page summarizes Milton C. Ault III's Form 4 filing for RiskOn International, Inc..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 17 Nov 2023, 16:42.
Milton C. Ault III - 15 Nov 2023 Form 4 Insider Report for RiskOn International, Inc.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 15 Nov 2023
- Net transaction value
- +$9,103,454,016
- SEC form
- 4
- Accepted by SEC
- 17 Nov 2023, 16:42:40 UTC
- Prior SEC filing
- 24 Oct 2023
- Next SEC filing
- 21 Nov 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Milton C. Ault, III
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Milton C. Ault III filed Form 4 for RiskOn International, Inc. on 17 Nov 2023.
Change
- Previous filing in this sequence was filed on 24 Oct 2023.
- Current net transaction value: +$9,103,454,016.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BNMV
transaction
Derivative
Series D Convertible Preferred Stock
Purchase
- Transaction value
- $9,103,454,016
- Shares
- +603
- Change %
- Price
- $15085930.69*
- Shares after
- 603
- Date
- 15 Nov 2023
- Ownership
- By Ault Alliance, Inc.
- Underlying class
- Common Stock
- Underlying amount
- 29,580,392
- Exercise price
- $0.5100
- Footnotes
- F1, F2, F3, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
The conversion price will be subject to certain adjustments, including potential downward adjustment if the Issuer issues shares of common stock, or is deemed to issue shares of common stock, at a price per share that is lower than the conversion price then in effect.
Footnote F2
This number of shares of Series D Convertible Preferred Stock does not include additional shares that may be issued in lieu of cash for dividend payments.
Footnote F3
The preferred stock has no expiration date.
Footnote F4
Each share of Series D Convertible Preferred Stock has a stated value of $25,000 and is convertible into such number of shares of common stock determined by dividing the stated value by $0.51 (the conversion price). This reflects the maximum number of shares of common stock that may be issued upon conversion of all shares of Series D Convertible Preferred Stock currently owned by the Reporting Person. In addition, this number of shares of common stock does not reflect additional shares of Series D Convertible Preferred Stock that may be issued in lieu of cash for dividend payments.
Footnote F5
On November 15, 2023, the Issuer issued Ault Alliance, Inc. ("AAI") 603.44 shares of the Issuer's newly designated Series D Convertible Preferred Stock for a total purchase price of $15,085,930.69. The purchase price was paid by the cancellation of $15,085,930.69 of cash advances made by AAI to the Issuer between January 1, 2023 and November 9, 2023.
Footnote F6
The Reporting Person is the Executive Chairman of AAI and is deemed to have voting and investment power with respect to the securities held of record by AAI.