---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-025238"
form_type: "8-K"
ticker: null
cik: "0001514056"
company_name: "Titan Environmental Solutions Inc."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T04:55:02.733933+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TraQiQ exchanges shares for Rights to receive ~139M common shares; replaces auditor with Freed Maxick

## Summary
- Exchanged 14,118,233 common shares and 1,250,000 Series B preferred shares for Series A Rights (108.7M shares) and Series B Rights (30.4M shares).
- Series A Rights exercisable immediately; Series B Rights exercisable upon listing on major exchange or Dec 31, 2023. Rights expire July 20, 2028.
- Entered settlement agreements transferring Rights to accredited investors to release claims against the Company and Renovare Environmental.
- Dismissed T R Chadha & Co LLP as independent auditor; engaged Freed Maxick CPAs, P.C. effective July 20, 2023.
- Prior audit reports included going concern paragraph but no adverse opinion or disagreements with TRC.

## SEC filing metadata
- accession: 0001493152-23-025238
- form_type: 8-K
- cik: 0001514056
- company_name: Titan Environmental Solutions Inc.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514056/000149315223025238/0001493152-23-025238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514056/000149315223025238/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-025238
- JSON: https://secwatch.observer/filing/0001493152-23-025238.json
- Plain text: https://secwatch.observer/filing/0001493152-23-025238.txt

## Key facts
- Auditor Changes
  Titan Environmental Solutions Inc. dismissed T R Chadha & Co LLP as its auditor.
  - Action: dismissal
  - Auditor: T R Chadha & Co LLP
  - Successor: Freed Maxick CPAs, P.C.
  source text: On July 20, 2023, the Company dismissed T R Chadha & Co LLP (“TRC”) as the Company’s independent auditors for the fiscal year ending December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223025238/0001493152-23-025238-index.htm
- Auditor Changes
  Titan Environmental Solutions Inc. engaged Freed Maxick CPAs, P.C. as its auditor.
  - Action: engagement
  - Auditor: Freed Maxick CPAs, P.C.
  source text: The Company has engaged Freed Maxick CPAs, P.C. (“Freed”) as its successor independent auditor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223025238/0001493152-23-025238-index.htm
- Material Agreements
  Titan Environmental Solutions Inc. entered into Exchange Agreement with Renovare Environmental, Inc. (REI) (effective 2023-07-20).
  - Action: entry
  - Counterparty: Renovare Environmental, Inc. (REI)
  - Effective: 2023-07-20
  source text: On July 20, 2023, the Company entered into an Exchange Agreement (the “Exchange Agreement”), with REI pursuant to which REI exchanged 14,118,233 shares of Common Stock and 1,250,000 shares of Series B Preferred Stock for Series A Rights to Receive Common Stock dated July 20, 2023 (the “Series A Rights”) and Series B Rights to Receive Common Stock dated July 20, 2023 (the “Series B Rights” and, together with the Series A Rights, the “Rights”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223025238/0001493152-23-025238-index.htm
- Material Agreements
  Titan Environmental Solutions Inc. entered into Settlement Agreements with REI and certain stockholder of REI signatory thereto (effective 2023-07-20).
  - Action: entry
  - Agreement: settlement
  - Counterparty: REI and certain stockholder of REI signatory thereto
  - Effective: 2023-07-20
  source text: Following the closing of the transactions contemplated by the Exchange Agreement, the Company entered into certain Settlement Agreements (the “Settlement Agreements”) on July 20, 2023, with REI and certain stockholder of REI signatory thereto pursuant to which REI will transfer (i) Series A Rights to acquire an aggregate of 96,989,534 shares of Common Stock and (ii) Series B Rights to acquire 9,883,357 shares of Common Stock, to such stockholders, each of which was an “accredited investor,” as defined in the Securities Act of 1933, as amended (the “Securities Act”), in consideration of a release by such stockholders of any and all claims such stockholders may have had against REI or the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223025238/0001493152-23-025238-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.