secwatch.observer — SEC 8-K summary
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Issuer:     RENOVARE ENVIRONMENTAL, INC. (—)
CIK:        0001590383
Form:       8-K
Filed at:   2023-01-10T23:59:59+00:00
Accession:  0001104659-23-002358
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/0001104659-23-002358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590383/000110465923002358/tm232845d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-002358

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer