BitNile Holdings Inc.

ASE:NILE   3:59:47 PM EDT
0.36
+0.04 (+12.85%)
Earnings Announcements

Bitnile Holdings' Subsidiary, Turnongreen To Be Acquired By Bitnile Holdings' Subsidiary, Imperalis Holding Corp

Published: 03/21/2022 10:47 GMT
BitNile Holdings Inc. (NILE) - Bitnile Holdings’ Subsidiary, Turnongreen, to Be Acquired by Bitnile Holdings’ Subsidiary, Imperalis Holding Corp, Creating a Publicly Traded Ev Charging and Power Solutions Company.
Bitnile Holdings - to Distribute to Bitnile Stockholders About 140 Million Common Shares, Equal Number of Warrants to Purchase Such Shares of Turnongreen.
Bitnile Holdings Inc - Anticipates That Stockholders of Bitnile Will in Due Course Receive a Dividend of Securities of Turnongreen.
Bitnile Holdings - Upon Closing of Deal, Turnongreen Will Continue to Be Led by Its Ceo, Amos Kohn & Chief Revenue Officer, Marcus Charuvastra.
Bitnile Holdings Inc - Promptly Following Closing of Acquisition, Imperalis Will Dissolve Its Three Dormant Subsidiaries.
Bitnile Holdings Inc - Turnongreen Will, Upon Closing, Become a Subsidiary of Imperalis.
Bitnile Holdings Inc - Subsequent to Acquisition, Bitnile Will Assist Turnongreen in Pursuing an Uplisting to Nasdaq Capital Market.
Bitnile Holdings Inc - After Deal, Imperalis Will Change Its Name to Turnongreen.
Revenue is expected to be $20.53 Million
Adjusted EPS is expected to be -$0.04

Next Quarter Revenue Guidance is expected to be $30.27 Million
Next Quarter EPS Guidance is expected to be -$0.04

More details on our Analysts Page.