0001493152-23-043889.txt : 20231206 0001493152-23-043889.hdr.sgml : 20231206 20231206164236 ACCESSION NUMBER: 0001493152-23-043889 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231206 DATE AS OF CHANGE: 20231206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: White River Energy Corp. CENTRAL INDEX KEY: 0001589361 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] IRS NUMBER: 453797537 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-94242 FILM NUMBER: 231470148 BUSINESS ADDRESS: STREET 1: 609 W/ DICKSON ST., SUITE 102 G CITY: FAYETTEVILLE STATE: AR ZIP: 72701 BUSINESS PHONE: (800) 203-5610 MAIL ADDRESS: STREET 1: 609 W/ DICKSON ST., SUITE 102 G CITY: FAYETTEVILLE STATE: AR ZIP: 72701 FORMER COMPANY: FORMER CONFORMED NAME: Fortium Holdings Corp. DATE OF NAME CHANGE: 20210519 FORMER COMPANY: FORMER CONFORMED NAME: Banner Energy Services Corp. DATE OF NAME CHANGE: 20200218 FORMER COMPANY: FORMER CONFORMED NAME: MTB Corp. DATE OF NAME CHANGE: 20191205 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Puchir Jay M. CENTRAL INDEX KEY: 0001698352 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: 3333 PINNACLE HILLS PARKWAY STREET 2: SUITE 220 CITY: ROGERS STATE: AR ZIP: 72758 SC 13D 1 formsc13d.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

 

(Amendment No. ___)*

 

White River Energy Corp

(Name of Issuer)

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

34963A 101

(CUSIP Number)

 

Jay Puchir

609 W/ Dickson St., Suite 102 G

Fayetteville, AR 72701

(800) 203-5610

 

November 27, 2023

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

1.

Names of Reporting Persons

 

Jay Puchir

2.

Check the Appropriate Box if a Member of a Group

(a) ☐

(b) ☒

3.

SEC Use Only

 

 

4.

Source of Funds

 

OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

6.

Citizenship or Place of Organization

 

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

7.

Sole Voting Power

 

1,990,063 (1)

8.

Shared Voting Power

 

0

9.

Sole Dispositive Power

 

1,990,063 (1)

10.

Shared Dispositive Power

 

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,990,063 (1)

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13.

Percent of Class Represented by Amount in Row (11)

 

11.0% (2)

14.

Type of Reporting Person

 

IN

 

  (1) Consists of (i) 687,063 shares of Common Stock held by Atikin Investments LLC, an entity in which the Filing Person holds voting control and 50% of the membership interests, (ii) 800,000 shares of Common Stock held by Overcoming the Odds Foundation, a charitable organization over which the Filing Person holds shared voting control with his wife, and in which the Filing Person does not have a pecuniary interest, and (iii) 503,000 shares of Common Stock underlying restricted stock units which vest within 60 days of November 27, 2023.
  (2) Based on 18,079,468 shares of common stock outstanding as of November 7, 2023 as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.

 

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ITEM 1. SECURITY AND ISSUER

 

This Schedule 13D (the “Schedule 13D”) relates to the common stock, par value $0.0001 per share (the “Common Stock”) of White River Energy Corp, a Nevada corporation (the “Issuer”). The principal executive offices of the Issuer are located at 609 W/ Dickson St., Suite 102 G, Fayetteville, AR.

 

ITEM 2. IDENTITY AND BACKGROUND

 

(a) This statement is filed on behalf of Jay Puchir (the “Filing Person”).

 

(b) The principal business address of the Filing Person is c/o White River Energy Corp, 609 W/ Dickson St., Suite 102 G, Fayetteville, AR.

 

(c) The Filing Person’s principal occupation is serving as Chief Financial Officer and as a director of the Issuer, as well as Chief Financial Officer of RiskOn International, Inc.

 

(d) During the last five years, the Filing Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) During the last five years, the Filing Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.

 

(f) The Filing Person is a citizen of the United States of America.

 

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

 

Atikin Investments LLC, an entity which the Filing Person controls, received 687,063 shares of the Issuer’s Common Stock in November 2019 in exchange for shares of Banner Midstream Corp. in a reverse merger transaction.

 

Overcoming the Odds Foundation received 800,000 shares of the Issuer’s Common Stock as a charitable donation.

 

The Filing Person is entitled to receive 500,000 shares of Common Stock within 60 days of November 27, 2023 upon vesting of RSUs granted to him as compensation for his services as an officer of the Issuer.

 

ITEM 4. PURPOSE OF TRANSACTION

 

The information set forth in Item 3 above is incorporated herein by reference.

 

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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

 

(a)

Aggregate Number and Percentage of Class of Securities

 

The beneficial ownership percentages disclosed below are based on 18,079,468 shares of Common Stock outstanding as of November 7, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023. The Filing Person is deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the shares of the Issuer’s common stock held by the entities listed in the table above, although he does not have a pecuniary interest in the shares held by Overcoming the Odds Foundation. To the extent the Filing Person is deemed to beneficially own such shares, the Filing Person disclaims beneficial ownership of these securities for all other purposes. In addition, the Filing Person beneficially owns in his individual capacity 500,000 RSUs which vest within 60 days.

   
(b) Except for the 500,000 shares underlying RSUs, the Filing Person has voting and dispositive power over the Issuer’s securities as described above in Item 5(a).
   
(c) No reportable transactions occurred during the past 60 days prior to the date hereof.
   
(d) To the best knowledge of the Filing Person, except with respect to the shares held by the entities set forth in the table above, no person, other than the Filing Person, is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the securities of the Issuer beneficially owned by the Filing Person.
   
(e) Not applicable.

 

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

 

To the knowledge of the Filing Person, there are no contracts, arrangements, understanding or relationships (legal or otherwise) among the persons named in Item 2 and between such person and any person with respect to any securities of the Issuer.

 

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

 

Not applicable.

 

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SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

December 6, 2023   /s/ Jay Puchir
Date   Jay Puchir

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

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