I-ON Digital Corp 8-K, filed May 19, 2023
I-ON Digital Corp. (IONI)
8-K
2023-05-19
For: 2023-05-12
View Original
Added on
April 06, 2026
About this 8-K
I-ON Digital Corp filed this 8-K on May 19, 2023, reporting on events of May 12, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 12, 2023
(Exact Name of Registrant as Specified in its Charter)
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(State of Organization)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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(Address of principal executive offices)
Registrant’s telephone number, including area code: (866 )
440-2278
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on which
registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. |
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officer.
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On May 16, 2023, I-ON Digital Corp. (the “Company”) announced that the Company’s Board of Directors (the “Board”) appointed Brad Hoffman, Steve Aust,
and Ken Park as members of the Board, effective May 12, 2023. The Board had not yet determined committee assignments for Messrs. Hoffman, Aust or Park.
There are no arrangements or understandings between Messrs. Hoffman, Aust or Park and any other person pursuant to which they were selected as
directors, and there are no relationships or transactions to which Messrs. Hoffman, Aust or Park are a party that would require disclosure under Item 404(a) of Regulation S-K.
Brad Hoffman, 53, has spent over 30 years in the business finance world. He has worked with many distinguished companies, such as HH&A, IHRS,
Dubrow Kavanaugh Capital, Ashford Capital, Galen Capital Corp., and Drawbridge Special Opportunities and Assets Fund. With his knowledge and history of creating and executing transactions for technology, healthcare, entertainment, and energy
industries and business finance/management degrees from UCLA and Pepperdine University, Mr. Hoffman represents an invaluable asset to I-ON's Board.
Steve Aust, 65, has two decades of experience in venture capital and energy solutions. He has raised over $100 million in venture capital for a variety
of businesses across multiple industries, including Video Home Shopping Network, Vision Quest, and 2Extreme Sports – taking them public through successful IPOs. Since 2011, Mr. Aust has also served as President of VRDT Corporation. Mr. Aust is a
graduate of Southern Oregon University. With his experience in direct sales, M&A, marketing, and technology strategy, Mr. Aust is a multi-faceted addition to I-ON's Board.
Ken Park, 57, has a 25-year track record of delivering digital strategies to major consumer brands, such as Adobe, Atlantic Records, Grey Healthcare,
and the NHL, among many others. He founded two action sports companies in his early twenties and earned acclaim as a world-ranked professional skateboarder, traveling the world for the sport in the late 80s and early 90s. He also launched HyperCD®,
a patented technology that delivered encrypted, HD video streaming over low-speed internet connections before the proliferation of broadband. In addition to his success with Oktane Media, Mr. Park led marketing and helped launch the world's first
gold digitization company, Orebits, LLC. [Years and positions of employment for previous five years need to be identified here]. Mr. Park was featured alongside Guy Kawasaki, Christos Cotsakos, and Anita Roddick in "Entrepreneurial Marketing: Real
Stories & Survival Strategies." Mr. Park earned his degree at San Diego State University and remains an authoritative voice in today's marketing technology industry.
A copy of the press release announcing the appointment of Messrs. Hoffman, Aust or Park to the Board is attached as Exhibit 99.1 hereto and is
incorporated by reference herein.
| Item 9.01. |
Financial Statements and Exhibits.
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Exhibits.
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Exhibit
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Description
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Press Release issued by I-ON Digital Corp., dated May 16, 2023
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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Date: May 18, 2023
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I-ON DIGITAL CORP.
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By:
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/s/ Carlos X. Montoya
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Name:
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Carlos X. Montoya
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Title:
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President
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EXHIBIT 99.1
I-ON Digital Corp Builds Corporate Board to Launch Revolutionary Asset Digitization and Securitization Offerings
I-ON Digital Corp (OTC: IONI) has added three proven executives and market strategists to its Board of Directors as the company gears up to launch
its revolutionary gold digitization and asset-backed securitization offerings. In anticipation of the market launch of the company's institutionally compliant precious metals and asset digitization ecosystem, I-ON has added highly accomplished and
influential business leaders Brad Hoffman, Steve Aust, and Ken Park to the IONI Board. Mr. Park will also be announced as the company's Chief Marketing Officer.
With the addition of these three industry veterans, I-ON has successfully added extensive executive experience in corporate governance, business
development, investment banking, M&A, financial services regulation, direct sales, digital marketing, and emerging technology solutions. Each of the board appointees is well-positioned to leverage unique expertise to help I-ON Digital navigate
complex regulatory frameworks worldwide as it seeks to become a global leader in gold digitization and gold-backed securities worldwide, providing a highly secure environment for digital asset trading and settlement.
"I-ON is proud to have these three thought leaders and proven executives join our Board at this important and equally exciting go-to-market moment
for our company," announced I-ON Digital Corp CEO Carlos X. Montoya. "Each brings a record of innovation, expansive multi-industry contacts, and a passion for building what may ultimately be viewed as the world's most secure and dominant gold
digitization and mineral asset-backed securitization platforms to the marketplace."
Mr. Hoffman is a highly experienced and successful financial transaction connoisseur, having spent over 30 years in the business finance world. He
has worked with many distinguished companies, such as HH&A, IHRS, Dubrow Kavanaugh Capital, Ashford Capital, Galen Capital Corp., and Drawbridge Special Opportunities and Assets Fund. With his adept knowledge of creating and executing
sophisticated transactions for technology, healthcare, entertainment, and energy industries and business finance/management degrees from UCLA and Pepperdine University, Mr. Hoffman represents an invaluable asset to I-ON's Board.
Mr. Aust, a business veteran with two decades of experience in venture capital and energy solutions, is fueled by an unparalleled passion for
bringing integrated solutions to the global financial markets. He has raised over $100 million in venture capital for a variety of businesses across multiple industries, including Video Home Shopping Network, Vision Quest, and 2Extreme Sports –
taking them public through successful IPOs. Mr. Aust's prolific career benefits from his early collegiate and professional basketball experience, which instilled in him a commitment to team collaboration and intuitive problem solving as a driver
for business growth. With his diverse, far-reaching list of influential contacts within the gold mining, hi-tech energy, and sports and entertainment industries and his expertise in direct sales, M&A, marketing, and technology strategy, Mr.
Aust is a multi-faceted addition to I-ON's Board. Mr. Aust played Division 1 basketball for Pepperdine and Southern Oregon University and graduated from Southern Oregon University.
Mr. Ken Park is an inspirational digital marketing visionary with a 25-year track record of delivering leading-edge digital strategies to major
consumer brands, such as Adobe, Atlantic Records, Grey Healthcare, and the NHL, among many others. He possesses an deep passion for disruptive innovation technologies and innovative business approaches. He founded two action sports companies in his
early twenties and earned acclaim as a world-ranked professional skateboarder, traveling the world as an ambassador for this sport in the late 80s and early 90s. He also launched HyperCD®, a patented technology that delivered encrypted,
HD video streaming over low-speed internet connections before the proliferation of broadband. In addition to his success with Oktane Media, Mr. Park led marketing and helped launch the world's first gold digitization company, Orebits, LLC. As a
celebrated thought leader, Mr. Park was featured alongside Guy Kawasaki, Christos Cotsakos, and Anita Roddick in "Entrepreneurial Marketing: Real Stories & Survival Strategies." During his globetrotting skateboarding career, Mr. Park earned his
degree at San Diego State University and remains an authoritative voice in today's marketing technology industry.
"I have always believed in the vision and potential of digitizing in situ gold. If one considers the environmental impact of mining, all the better
that the gold remains in the ground." shares Mr. Park, "But what makes I-ON unique is the incredible talents and passion of our growing executive team and the world-class technologies that are being brought together and employed to build this truly
revolutionary platform."
About I-ON Digital Corp
I-ON Digital Corp (OTC: IONI) is a leader in the digital asset infrastructure space, developing and acquiring technologies to help secure and drive
gold and precious metal digitization. The Company's mission is to provide a secure, fast, transparent, and institutional-grade ecosystem as an efficient platform for financial instruments such as digital securitization & banking. I-ON strives
to create an environment that facilitates wealth transfer while protecting the identities of claim holders, institutions, or individuals leveraging new asset classes. By offering services associated with asset digitization and licensing our
expanding intellectual property portfolio, I-ON is able to generate revenue through transaction fees while actively growing innovative platforms beneficial for next-generation transactional models. Additional information is available at
https://iondigitalcorp.com/.
Forward-Looking Statements
This news release contains forward-looking statements involving risks and uncertainties, which may cause results to differ materially from the
statements made. When used in this document, the words "may," "would," "could," "will," "intend," "look to," plan," "anticipate," "believe," "estimate," "expect," "seek," "potential," "outlook," and similar expressions are intended to identify
forward-looking statements. Such statements, including, but not limited to, I-ON's current views with respect to future events and its financial forecasts, are subject to such risks and uncertainties. Many factors could cause actual results to
differ materially from the statements made, including those risks described from time to time in filings made by I-ON with the Securities and Exchange Commission. In addition, there is uncertainty about the further spread of the COVID-19 virus or
new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company's operations, the demand for the Company's products, global supply chains and economic activity in general. These and other risks and
uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as intended, planned, anticipated, or expected. Statements in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will
continue. I-ON does not intend or assume any obligation to update these forward-looking statements other than as required by law.
SOURCE: I-ON Digital Corp (OTC: IONI)
Media Contact:
Ken Park
IR@iondigitalcorp.com
(866) 440-2278
www.iondigitalcorp.com