Bitnile holdings announces postponement of the distribution 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”), which was previously set for january 17, 2023, has been cancelled until further notice. on november 22, 2022, the company's board of directors declared a pro rata dividend to the stockholders of bitnile of (i) 140 million shares of common stock of turnongreen, which represent 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”).
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