On February 21, 2024, RiskOn International, Inc., a Nevada corporation, entered into several significant agreements and amendments, as reported in their Form 8-K filed with the SEC. The company executed an amendment and exchange agreement with holders of its securities, allowing for the sale of 1,000 shares of common stock and the exchange of warrants for over 6.6 million newly issued shares or rights to purchase shares. This agreement also included provisions for a subsequent placement of up to $20 million in Series E Convertible Preferred Stock and adjustments to the conversion and exercise prices of existing notes and warrants. Concurrently, RiskOn International entered into a Master Services Agreement and a Statement of Work with MeetKai, Inc., granting them a license to use MeetKai's...Show More

On February 21, 2024, RiskOn International, Inc., a Nevada corporation, entered into several significant agreements and amendments, as reported in their Form 8-K filed with the SEC. The company executed an amendment and exchange agreement with holders of its securities, allowing for the sale of 1,000 shares of common stock and the exchange of warrants for over 6.6 million newly issued shares or rights to purchase shares. This agreement also included provisions for a subsequent placement of up to $20 million in Series E Convertible Preferred Stock and adjustments to the conversion and exercise prices of existing notes and warrants. Concurrently, RiskOn International entered into a Master Services Agreement and a Statement of Work with MeetKai, Inc., granting them a license to use MeetKai's generative artificial intelligence platform in North America. The licensing fee totals $15 million, payable in Series E Preferred Stock, with additional revenue-sharing and maintenance fee arrangements. The company also outlined the conversion, dividend, voting, and liquidation rights of the Series E Preferred Stock, as well as optional and mandatory redemption rights. In a separate development, William Horne resigned as a director of RiskOn International on the same day, with no disagreements cited regarding company operations, policies, or practices.