---
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"
generated_at: "2026-05-30T12:22:41.711333+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Renewable Innovations sells renewable business assets for $4.7M; faces lawsuit to block deal

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-041747
- form_type: 8-K
- cik: 0001725516
- company_name: RENEWABLE INNOVATIONS, INC.
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-041747
- JSON: https://secwatch.observer/filing/0001493152-24-041747.json
- Plain text: https://secwatch.observer/filing/0001493152-24-041747.txt

## Key facts
- M&A Transactions
  RENEWABLE INNOVATIONS, INC. completed a disposition involving Renewable Energy, LLC for total consideration equal to $4,685,216 (closed 2024-10-15).
  - Action: disposition
  - Counterparty: Renewable Energy, LLC
  - Consideration: total consideration equal to $4,685,216
  - Closing: 2024-10-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1725516/000149315224041747/0001493152-24-041747-index.htm

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