On December 20, 2022, JW Asset Management, LLC announced that it has requisitioned a special meeting of shareholders of RIV Capital Inc. for the purpose of replacing 5 of the 7 directors on the board of the Company. JW Asset Management stated that it seeks the removal of Joseph Mimran, Laura Curran, Christopher Hagedorn, Richard Mavrinac, and Mark Sims from the Board and the nomination of the following individuals, Raymond Edward Boyer, Samuel Brill, Chad Bronstein, Christopher Leggett, and Stevens J. Sainte-Rose to fill their vacancies.