Bitnile holdings announces change of record date for stock distribution for spinoff of securities of imperalis holding

Las vegas--( business wire )--bitnile holdings, inc. (nyse american: nile), a diversified holding company (“bitnile” or the “company”), announced today that the record date for the stock dividend for the spinoff of imperalis holding, to be renamed turnongreen (“turnongreen”), has been changed to january 17, 2023. the company's board of directors in november declared a pro rata dividend to the stockholders of bitnile of (i) 140 million shares of common stock of turnongreen, which represents approximately 81% of the outstanding shares of turnongreen common stock, and (ii) warrants to purchase an additional 140 million shares of turnongreen common stock (the “distribution securities” and the transaction, the “distribution”). bitnile stockholders of record as of the close of business on january 17, 2023 (the “record date”) will receive the distribution securities, which will now be payable on january 23, 2023 (the “distribution date”).
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