RiskOn International Announces Signing of Agreement to Sell Series D Preferred Stock
RiskOn International, Inc. (NASDAQ:ROI) ("RiskOn," or the "Company"), today announced the execution of a Securities Purchase Agreement (the "Agreement") with Ault Alliance, Inc. ("AAI"), pursuant to which the Company will sell to AAI 603.44 shares of newly designated Series D Convertible Preferred Stock (the "Preferred Shares") for a total purchase price of $15,085,930.69 (the "Transaction"). The purchase price will be paid by the cancellation of $15,085,930.69 of cash advances made by AAI to the Company between January 1, 2023 and November 9, 2023 (the "Advances"). AAI is an affiliate of the Company.
Each Preferred Share has a stated value of $25,000.00 per share and is convertible at AA
