UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| ITEM 5.03 | AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR |
On June 16, 2022, BitNile Holdings, Inc., a Delaware corporation (the “Company”), filed a Certificate of Correction (the “Certificate of Correction”) to the Certificate of Designation, Rights and Preferences of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock of the Company (the “Certificate of Designation”), with the Secretary of State of the State of Delaware. The Certificate of Correction corrects an error in the Certificate of Designation by modifying Section 2(b) thereof, which erroneously stated the date of payment of dividends on the Company’s 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”), to correctly state that payment date of such dividends shall be within eight (8) business days following the applicable record date, which remains the last calendar day of each month. The payment date was inadvertently listed as the same date as the record date.
The Certificate of Correction became effective upon filing, and a copy is filed as Exhibit 3.1 to this Current Report on Form 8-K. The above description of the Certificate of Correction is a summary and, as such, does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Correction, which is incorporated herein by reference.
| ITEM 7.01 | REGULATION FD DISCLOSURE |
On June 17, 2022, the Company issued a press release announcing that the Company’s Board of Directors has declared a cash dividend to holders of the Series D Preferred Stock of $0.2708333 per share. The record date for this dividend is June 30, 2022 and the payment date is July 11, 2022. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.
In accordance with General Instruction B.2 of Form 8-K, the information under this item shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. This report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
| (d) | Exhibits: |
| Exhibit No. | Description | |
| 3.1 | Certificate of Correction to the Certificate of Designation, Rights and Preferences of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, dated June 16, 2022. | |
| 99.1 | Press Release issued on June 17, 2022. | |
| 101 | Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BITNILE HOLDINGS, INC. | ||
| Dated: June 17, 2022 | /s/ Kenneth S. Cragun | |
| Kenneth S. Cragun | ||
| Chief Financial Officer | ||
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