ITEM 7.01 REGULATION FD DISCLOSURE
On October 13, 2022, BitNile Holdings, Inc., a Delaware corporation (the
"Company") issued a press release announcing that its subsidiary, BitNile, Inc.
("BNI"), has begun development of a Bitcoin-based marketplace platform
("Marketplace"), which expects to leverage blockchain and other emerging
technologies. The Marketplace, planned for release in the first half of 2023,
will be a multi-vendor e-commerce platform supporting a wide array of business
sectors, including retail, real estate, commodities, and other consumer-driven
offerings. The Company intends for the Marketplace to be a super-app, widely
considered as a mobile or web application that can provide multiple services,
including payment and financial transaction processing. The Company also
announced that BNI appointed veteran developer Douglas Gintz as its President
and Chief Product Officer to lead the effort.
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.
The Securities and Exchange Commission encourages registrants to disclose
forward-looking information so that investors can better understand the future
prospects of a registrant and make informed investment decisions. This Current
Report on Form 8-K and exhibits may contain these types of statements, which are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, and which involve risks, uncertainties and
reflect the Registrant's judgment as of the date of this Current Report on Form
8-K. Forward-looking statements may relate to, among other things, operating
results and are indicated by words or phrases such as "expects," "should,"
"will," and similar words or phrases. These statements are subject to inherent
uncertainties and risks that could cause actual results to differ materially
from those anticipated at the date of this Current Report on Form 8-K. Investors
are cautioned not to rely unduly on forward-looking statements when evaluating
the information presented within.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits:
Exhibit No. Description
99.1 Press Release issued on October 13, 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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