Company: RHNO
Filing Date: 2025-08-21
Form Type: 8-K
Source: 0001641172-25-025003
Chunk: 1

Company: RHINO BITCOIN INC.
Filing Date: 2025-08-21
Form: 8-K
Item: Item 2.01
Chunk 1
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 shares as Series A Preferred Stock, and issued 200,000
shares of Series A Preferred Stock to The Vantage Group Ltd. (“ Vantage”), an entity owned by Mr. Hauser. The Series A Preferred
Stock entitles the holder to 51% of the total voting power of the Company’s stockholders, is convertible into shares of common
stock at a ratio of 4.44 shares of common stock for each share of Series A Preferred Stock (subject to adjustment for stock dividends,
stock splits, and similar transactions), has a stated value of $3.00 per share, and will entitle the holder upon any liquidation of the
Company to the stated value prior to any distributions to holders of common stock.

Lyle
Hauser, 54, is the Founder & CEO of Rhino Digital Inc., since June 2020. Mr. Hauser is also the Founder and CEO of Vantage, a private
equity firm started in 1998. Vantage is a specialized business consultancy firm serving early-stage companies. Mr. Hauser’s expertise
includes company capital structure/restructuring, equity and debt financing, capital introductions, alternative public offerings (or
APOs) and mergers and acquisitions.

Rhino
is a Bitcoin financial services company focused on making everyday banking and financial management accessible. Serving individuals,
businesses, and organizations, Rhino integrates traditional banking functions within a secure, user-friendly platform centered on Bitcoin.
Beyond its core services, Rhino maintains an active Bitcoin treasury strategy, reinforcing its commitment to both the asset and broader
ecosystem. Rhino aims to foster a more intuitive and inclusive approach to using Bitcoin for all clients globally.

The
closing of the Merger Agreement resulted in a change in control of the Company. Pursuant to the Merger Agreement, Lyle Hauser, as the
owner and control person of Vantage (the holder of the Company’s Series A Preferred Stock issued pursuant to the Merger Agreement),
acquired 51% of the voting power of the Company’s stockholders.

In
connection with the foregoing, the Company relied upon the exemption from registration provided by Section 4(a)(2) under the Securities
Act of 1933, as amended, for transactions not involving a public offering.

Item
3.02 Unregistered Sales of Equity Securities.