---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-002358"
form_type: "8-K"
ticker: null
cik: "0001590383"
company_name: "RENOVARE ENVIRONMENTAL, INC."
filed_at: "2023-01-10T23:59:59+00:00"
generated_at: "2026-06-20T17:05:34.849081+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Renovare sells US Digester Business to TraQiQ for $150K cash, stock, and debt assumption

## Summary
- Acquirer TraQiQ pays $150K cash, 1.25M Series B preferred shares, and 15.69M common shares (1.57M held in escrow).
- Acquirer assumes $3,017,089.85 in Michaelson Capital debt; Renovare subsidiaries guaranty and pledge all assets as collateral.
- Sellers agree to five-year non-compete on Digester Business; closing occurred January 5, 2023.
- Transaction structured as asset sale; excludes real property, cash, and non-digester business assets.

## SEC filing metadata
- accession: 0001104659-23-002358
- form_type: 8-K
- cik: 0001590383
- company_name: RENOVARE ENVIRONMENTAL, INC.
- filed_at: 2023-01-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/0001104659-23-002358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/tm232845d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-002358
- JSON: https://secwatch.observer/filing/0001104659-23-002358.json
- Plain text: https://secwatch.observer/filing/0001104659-23-002358.txt

## Key facts
- Debt Financings
  RENOVARE ENVIRONMENTAL, INC. amended guarantee with Michaelson Capital Special Finance Fund II, L.P..
  - Instrument: guarantee
  - Counterparty: Michaelson Capital Special Finance Fund II, L.P.
  - Event: amendment
  source text: n an amount equal to $3,017,089.85 (the “Michaelson Debt”) owed to Michaelson Capital Special Finance Fund II, L.P. (“Michaelson”). In exchange for the assets of the Digester
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/0001104659-23-002358-index.htm
- M&A Transactions
  RENOVARE ENVIRONMENTAL, INC. completed a disposition involving TraQiQ, Inc. for $150,000 in cash, 1,250,000 shares of Series B Preferred Stock, and 15,686,926 shares of common stock (closed 2023-01-05).
  - Action: disposition
  - Counterparty: TraQiQ, Inc.
  - Consideration: $150,000 in cash, 1,250,000 shares of Series B Preferred Stock, and 15,686,926 shares of common stock
  - Closing: 2023-01-05
  source text: to Michaelson Capital Special Finance Fund II, L.P. (“Michaelson”). In exchange for the assets of the Digester Business, the Acquiror (a) paid the Companies an amount equal to $150,000 (the “Cash Consideration”) and (b) issued to the Registrant (i) 1,250,000 shares of the Acquiror’s Series B Preferred Stock, par value $0.0001 (the “Series B Preferred
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/0001104659-23-002358-index.htm
- Material Agreements
  RENOVARE ENVIRONMENTAL, INC. amended Security Agreement with Michaelson Capital Special Finance Fund II, L.P. (effective 2022-12-30).
  - Action: amendment
  - Counterparty: Michaelson Capital Special Finance Fund II, L.P.
  - Effective: 2022-12-30
  source text: on December 30, 2022, the Renovare Companies entered into an amended and restated security agreement on December 30, 2022 (the “Security Agreement”) which provides all of the assets of the Renovare Companies as collateral for the obligations of the Michaelson Debt.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/0001104659-23-002358-index.htm
- Material Agreements
  RENOVARE ENVIRONMENTAL, INC. entered into Purchase Agreement with TraQiQ, Inc. valued at $150,000 (effective 2022-12-30).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: TraQiQ, Inc.
  - Value: $150,000
  - Effective: 2022-12-30
  source text: On January 5, 2023, Renovare Environmental, Inc., a Delaware corporation (“Registrant”) and its wholly-owned subsidiary BioHiTech America, LLC (“BHT” and, together with Registrant, the “Companies”), consummated the transactions contemplated by the Asset Purchase Agreement dated as of December 30, 2022 (the “Purchase Agreement”) among TraQiQ, Inc. a California corporation (the “Acquiror”) and the Companies
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/0001104659-23-002358-index.htm
- Material Agreements
  RENOVARE ENVIRONMENTAL, INC. entered into Guarantee Agreement with Michaelson Capital Special Finance Fund II, L.P. (effective 2022-12-30).
  - Action: entry
  - Counterparty: Michaelson Capital Special Finance Fund II, L.P.
  - Effective: 2022-12-30
  source text: the Renovare Companies entered into a Guaranty and Suretyship Agreement on December 30, 2022 (the “Guarantee Agreement”) whereby the Renovare Companies guaranteed the obligations under the Assumption Agreement and an underlying note between the Acquiror and Michaelson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/0001104659-23-002358-index.htm
- Material Agreements
  RENOVARE ENVIRONMENTAL, INC. entered into Assumption Agreement with Michaelson Capital Special Finance Fund II, L.P. valued at $3,017,089.85 (effective 2022-12-30).
  - Action: entry
  - Counterparty: Michaelson Capital Special Finance Fund II, L.P.
  - Value: $3,017,089.85
  - Effective: 2022-12-30
  source text: Michaelson, the Acquiror, the Companies, BHT Financial, LLC (“BHTF”), BioHiTech Europe, PLC (“BHTE”), E.N.A. Renewables (“ENA”) and New Windsor Resource Recovery (“NWRR”), each wholly subsidiaries of the Registrant (together with the Sellers, BHTF, BHTE, ENA and NWRR, the “Renovare Companies”) entered into an Assumption Agreement dated as of December 30, 2022 (the “Assumption Agreement”), pursuant to which the Acquiror assumed all of the obligations and liabilities with respect to the Michaelson Debt.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/0001104659-23-002358-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.