Current Report Filing (8-k)
04 Mai 2023 - 9:35PM
Edgar (US Regulatory)
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0001725516
2023-04-28
2023-04-28
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xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): |
|
April
28, 2023 |
RENEWABLE
INNOVATIONS, INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
000-55875 |
|
82-3254264 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
No.) |
588 West 400 South, Suite 110
Lindon, UT 84042
(Address
of principal executive offices) (zip code)
(801) 406-6740
(Registrant’s telephone number, including area code)
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section
1 – Registrant’s Business and Operations
Item 1.01 |
Entry into a Material Definitive Agreement. |
On
April 30, 2023, we entered into a Line of Credit Promissory Note with Robert L. Mount, our Chief Executive Officer, President, and a
member of our Board of Directors. Pursuant to the Note, upon mutual agreement between the parties, Mount may advance funds to us. The
Note bears interest at the rate of ten percent (10%) per annum, and can be prepaid at any time by us. Any outstanding principal and interest
must be repaid 24 months after the execution date. The proceeds from the loan will be used for general working capital purposes.
Section
9 – Financial Statements and Exhibits.
Item
9.01 |
Financial
Statements and Exhibits. |
Exhibit
No. |
|
Name
and/or Identification of Exhibit |
|
|
|
10.1 |
|
Line of Credit Promissory Note |
104 |
|
Cover Page Interactive Data File (Embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
Renewable
Innovations, Inc. |
|
|
|
Dated:
May 4, 2023 |
/s/
Robert L. Mount |
|
By: |
Robert
L. Mount |
|
Its: |
Chief
Executive Officer |
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