{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-041747","form_type":"8-K","ticker":null,"cik":"0001725516","company_name":"RENEWABLE INNOVATIONS, INC.","filed_at":"2024-10-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.374443+00:00","generated_at":"2026-05-30T12:22:41.711333+00:00","sec_items":["1.01","2.01","8.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Renewable Innovations sells renewable business assets for $4.7M; faces lawsuit to block deal","bullets":["Sold assets of renewable innovation business to Renewable Energy, LLC for total consideration of $4,685,216.","Consideration includes $2.43M cash, assignment of $1.08M promissory notes, and $1.17M cash advances already made.","Renewable Innovations received 2% equity in Buyer; will enter Reseller Agreement to continue selling branded products.","Class action lawsuit filed Sep 27, 2024 in Utah federal court alleges securities law violations and seeks to block transaction; company says it's without merit."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-041747","json":"https://secwatch.observer/filing/0001493152-24-041747.json","markdown":"https://secwatch.observer/filing/0001493152-24-041747.md","text":"https://secwatch.observer/filing/0001493152-24-041747.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1725516/000149315224041747/0001493152-24-041747-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1725516/000149315224041747/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T12:22:41.711333+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"da242c3770a197a1653ae6e7f6825ee099d40f7a","claim":"RENEWABLE INNOVATIONS, INC. completed a disposition involving Renewable Energy, LLC for total consideration equal to $4,685,216 (closed 2024-10-15).","evidence_excerpt":"The Parties will work together to generate business for their mutual benefit. As consideration for the sale of the Renewable Business, we received total consideration equal to $4,685,216 in the form of (a) the assignment of $1,077,922 in promissory notes owed by us to C. Brilliant, LLC to Buyer, which notes were cancelled, (b) $1,173,378 in cash advances already","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1725516/000149315224041747/0001493152-24-041747-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Renewable Energy, LLC"},{"label":"Consideration","value":"total consideration equal to $4,685,216"},{"label":"Closing","value":"2024-10-15"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}