Private placement of convertible notes, warrants, and preferred stock closed March 16, 2017
Company: Riot
The claim, verbatim
Company issued $4.75 million of convertible promissory notes, warrants to purchase 1,900,000 shares of common stock, and Series A Convertible Preferred Stock in a private placement that closed on March 16, 2017
Source (primary)
Riot PRE 14A filed 2017-04-28 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “APPROVAL OF THE ISSUANCE OF $4.75 MILLION OF CONVERTIBLE PROMISSORY NOTES, WARRANTS TO PURCHASE UP TO 1,900,000 SHARES OF COMMON STOCK, SHARES OF SERIES A CONVERTIBLE PREFERRED STOCK (WHEN EXCHANGED FOR THE CONVERTIBLE PROMISSORY NOTES), AND THE SHARES OF THE COMMON STOCK ISSUABLE UPON CONVERSION OR EXERCISE OF THE AFOREMENTIONED SECURITIES, ISSUED BY THE COMPANY IN A PRIVATE PLACEMENT THAT CLOSED ON MARCH 16, 2017”
How we checked this
Checked on September 29, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the notes and warrants were issued in a private placement that closed March 16, 2017. It describes the Series A Preferred Stock as not yet created, to be issued later in exchange for the notes if shareholders approved.
Confirmed in the source:
- The company issued convertible promissory notes with an aggregate principal amount of $4.75 million in a private placement
- The company issued warrants to purchase up to 1,900,000 shares of common stock in the same private placement
- The private placement closed on March 16, 2017
We could not confirm this from the cited source:
- Series A Convertible Preferred Stock had been issued in the March 16, 2017 private placement. The filing says the preferred stock was still to be created, pending shareholder approval of Proposal 3, and would later be exchanged for the notes.
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997317000253/bioptix_pre14a-17.htm) in full (361,530 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot PRE 14A filed 2017-04-28
Quote: “APPROVAL OF THE ISSUANCE OF $4.75 MILLION OF CONVERTIBLE PROMISSORY NOTES, WARRANTS TO PURCHASE UP TO 1,900,000 SHARES OF COMMON STOCK, SHARES OF SERIES A CONVERTIBLE PREFERRED STOCK (WHEN EXCHANGED FOR THE CONVERTIBLE PROMISSORY NOTES), AND THE SHARES OF THE COMMON STOCK ISSUABLE UPON CONVERSION OR EXERCISE OF THE AFOREMENTIONED SECURITIES, ISSUED BY THE COMPANY IN A PRIVATE PLACEMENT THAT CLOSED ON MARCH 16, 2017”