RENEWABLE INNOVATIONS, INC.: M&A transaction — Nestbuilder.com Corp. completes reverse merger with Renewable Innovations; 93% ownership to new shareholders

RENEWABLE INNOVATIONS, INC.

Acquired Renewable Innovations via merger on Dec 1, 2022; company renamed Renewable Innovations, Inc.
Issued 2,155,684 Series A Convertible Preferred shares (convertible 100:1 common) representing 93% fully-diluted ownership.
Robert L. Mount appointed CEO, President and director; Lynn Barney appointed CFO, Secretary and director.
Thomas Grbelja and William McLeod resigned as directors; Alex Aliksanyan resigned as CEO and director.
Old Nestbuilder shareholders diluted to ~7%; new management team from Renewable Innovations now controls board.

item 1.01 item 2.01 item 3.02 item 3.03 item 5.01 item 5.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

RENEWABLE INNOVATIONS, INC.: Filed an Amended and Restated Certificate of Designation for Series A Convertible Preferred Stock (effective 2022-12-01).

Change: charter amendment
Effective: 2022-12-01

Exact text from the filing

On December 1, 2022, we filed an Amended and Restated Certificate of Designation of the Rights, Preferences, Privileges and Restrictions of the Series A Convertible Preferred Stock of Nestbiulder.com Corp.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

RENEWABLE INNOVATIONS, INC. completed an acquisition involving Renewable Innovations, Inc. for issuance of shares representing 93% ownership of the combined entity's fully-diluted capitalization (closed 2022-12-01).

Action: acquisition
Counterparty: Renewable Innovations, Inc.
Consideration: issuance of shares representing 93% ownership of the combined entity's fully-diluted capitalization
Closing: 2022-12-01

Exact text from the filing

Aliksanyan received his Bachelor of Physics degree from New York University and an advanced degree in marketing from the Stern School of Business in New York. 6 represents a 93% ownership and voting interest based on our fully-diluted capitalization immediately following the Merger described in Item 1.01 above. Section 5 – Corporate Governance and

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Source: SEC EDGAR

accession 0001493152-22-034109

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