Phoenix Plus CORP
Market Movers (8-K)
Rhino Bitcoin Inc. filed an 8-K/A providing audited financial statements for Rhino Digital Inc. for 2023 and 2024, highlighting significant operational losses and going concern risks.
Worse than expected
Delay expected
Capital raise
Rhino Bitcoin Inc. announced a change in its independent registered public accounting firm and a shift in its fiscal year end to align with its subsidiary.
Worse than expected
Phoenix Plus Corp. announced a corporate name change to Rhino Bitcoin Inc., effective September 12, 2025.
Phoenix Plus Corp. completed the acquisition of Bitcoin financial services company Rhino Digital Inc., resulting in a change of control and a strategic pivot.
Worse than expected
Phoenix Plus Corp. announced a definitive merger agreement to acquire Rhino Digital Inc., which will result in a significant change in company ownership structure and management.
Worse than expected
Phoenix Plus Corp. has entered into a definitive agreement to acquire the SolarPulse Monitor software from SunRay Equity Group Limited for a consideration of 480,000 ordinary shares valued at $960,000.
Capital raise
Quarterly Earnings (10-Q)
Phoenix Plus Corp. reported a significant decline in revenue and a substantial accumulated deficit for the nine months ended April 30, 2025, leading to a 'going concern' warning and highlighting material weaknesses in its internal financial controls.
Capital raise
Worse than expected
Phoenix Plus Corp. reports a decrease in revenue and an increased net loss for the quarter ended January 31, 2025, compared to the same period in 2024, citing higher administrative expenses.
Worse than expected
Phoenix Plus Corp. experienced a significant decrease in revenue and an increased net loss for the first quarter of fiscal year 2025 compared to the same period last year.
Worse than expected
Delay expected
Phoenix Plus Corp. experienced a significant increase in revenue during the third quarter of 2024, but also reported a net loss, highlighting ongoing challenges in achieving profitability.
Worse than expected
Phoenix Plus Corp. saw a significant increase in revenue for the second quarter of 2024 compared to the same period last year, but still reported a net loss.
Worse than expected
Capital raise
Annual Reports (10-K)
Rhino Bitcoin Inc. completed a reverse acquisition, pivoting to Bitcoin financial services while reporting a net loss and significant going concern doubts.
Worse than expected
Capital raise
Phoenix Plus Corp. reported a net loss of $437,781 for the fiscal year ended July 31, 2024, and its auditor raised substantial doubt about the company's ability to continue as a going concern.
Worse than expected
Capital raise
10-K/A: Phoenix Plus Corp. Files Amended 10-K After Identifying Material Weaknesses in Internal Controls
Phoenix Plus Corp. has filed an amendment to its annual report to address material weaknesses in its internal controls over financial reporting.
Worse than expected
Phoenix Plus Corp. has filed an amendment to its annual report to address material weaknesses in its internal controls over financial reporting.
Worse than expected
Proxy Statements (Def-14A)
DEF 14C: Phoenix Plus Corp. Announces 1-for-50 Reverse Stock Split to Boost Marketability and Share Price
Phoenix Plus Corp. has announced a 1-for-50 reverse stock split of its common stock, approved by majority shareholders, aiming to increase its trading price and appeal to a broader investor base.
Capital raise
Worse than expected