secwatch.observer — SEC 8-K summary
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Issuer:     RENEWABLE INNOVATIONS, INC. (—)
CIK:        0001725516
Form:       8-K/A
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001493152-23-006641
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nestbuilder.com Corp. completes reverse merger with Renewable Innovations; name change to Renewable Innovations, Inc.
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725516/000149315223006641/0001493152-23-006641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725516/000149315223006641/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-006641

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