secwatch.observer — SEC 8-K summary
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Issuer:     Rennova Health, Inc. (—)
CIK:        0000931059
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001493152-24-037606
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rennova Health sells two subsidiaries to FOXO; receives $22M note and minimal cash
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- Exchanges RCHI (owns Scott County Community Hospital) for $100 cash and a $22M senior secured note from RCHI, due Sept 2026, interest 8% first 6 months then 12%.
- Note guaranteed by FOXO and Scott County; requires principal repayments equal to 10% of free cash flow from RCHI/Scott County.
- Myrtle Recovery Centers sale closed June 14, 2024; received $235k in FOXO shares (issued July 17, 2024) and a demand note for $265k balance.
- FOXO board expanded to five; Rennova CEO Seamus Lagan and director Trevor Langley elected to FOXO board on Sept 10, 2024.
- Rennova may exchange note for FOXO Series A Preferred Stock at $1 stated value per $1 of note, subject to shareholder approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/931059/000149315224037606/0001493152-24-037606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/931059/000149315224037606/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-037606

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