Holding company restructuring
Company: Riot
The claim, verbatim
The Company will restructure by creating a holding company such that shareholders will own shares in the holding company and business operations will be conducted through wholly-owned subsidiary or subsidiaries
Source (primary)
Riot DEF 14A filed 2005-09-26 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “creating a holding company, such that the shareholders will own shares in the holding company and the business operations will be conducted through a wholly-owned subsidiary or subsidiaries”
How we checked this
Checked on September 30, 2026. The cited source supports part of this claim, but not all of it.
This proxy describes a proposed holding-company restructuring and asks for shareholder approval. It explicitly says the board may choose not to proceed, so it does not establish that the restructuring will happen.
Confirmed in the source:
- AspenBio proposed restructuring into a holding company in which shareholders would own holding-company shares and operations would be conducted through a wholly-owned subsidiary or subsidiaries
- The restructuring was put to a shareholder vote at the November 4, 2005 annual meeting
We could not confirm this from the cited source:
- That AspenBio actually carried out the holding-company restructuring (the proxy only proposes it and says the board may decline to proceed even if shareholders approve)
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/1167419/000107997305000678/aspenbio_defproxy.txt) in full (93,165 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot DEF 14A filed 2005-09-26
Quote: “creating a holding company, such that the shareholders will own shares in the holding company and the business operations will be conducted through a wholly-owned subsidiary or subsidiaries”