RENEWABLE INNOVATIONS, INC.: M&A transaction — Nestbuilder.com Corp. completes reverse merger with Renewable Innovations; name change to Renewable Innovations, Inc.

RENEWABLE INNOVATIONS, INC.

Renewable Innovations shareholders received 2,155,684 Series A Convertible Preferred shares, convertible into 100 common shares each, representing 97% voting control.
Board changes: Thomas Grbelja and William McLeod resigned; Robert Mount appointed CEO/President/Director; Lynn Barney appointed CFO/Secretary/Director; Alex Aliksanyan resigned as CEO and director.
Audited financials show net loss of $944,938 for FY2022, accumulated deficit $2,123,966, and going concern qualification.
Revenue for FY2022 was $3,468,587 vs $370,341 in FY2021; cost of sales $2,578,368.
Negative working capital of $299,092 as of Nov 30, 2022.

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.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

RENEWABLE INNOVATIONS, INC. underwent a change of control (closed 2022-12-01).

Action: change of control
Closing: 2022-12-01

Exact text from the filing

In connection with the closing of the Merger described in Item 1.01 above, the following changes to the Board occurred on December 1, 2022 (the “Closing Date”), which will result in a change of a majority of the members of the Board

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001493152-23-006641

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.