secwatch.observer — SEC 8-K summary
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Issuer:     RENEWABLE INNOVATIONS, INC. (—)
CIK:        0001725516
Form:       8-K/A
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001493152-23-020746
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
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

Renewable Innovations completes merger with Nestbuilder, issues Series A Preferred, changes board
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- Closed merger on Dec 1, 2022: Merger Sub merged into Renewable Innovations, making it a wholly owned subsidiary of Nestbuilder.
- Issued 2,155,684 shares of Series A Convertible Preferred Stock (convertible into 100 common each) representing 93% ownership.
- Board changes: Thomas Grbelja and William McLeod resigned; Robert Mount and Lynn Barney appointed; Alex Aliksanyan resigned as CEO.
- Restated FY2022 financials: net loss of $2,353,113, accumulated deficit of $3,532,141, with going concern uncertainty.
- Company name changed to Renewable Innovations, Inc. via parent/subsidiary merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725516/000149315223020746/0001493152-23-020746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725516/000149315223020746/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-020746

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