Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
October 28, 2020
Date of Report (Date of earliest event reported)
333-188401
Commission File Number
RENAVOTIO, INC.
(Exact name of registrant as specified in its charter)
Nevada
99-0385424
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
601 South Boulder Ave., Suite 600, Tulsa, OK
74119
(Address of principal executive offices)
(Zip Code)
(888) 928-1312
(Registrant’s telephone number, including area code)
N/A
(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 (see General Instruction A.2. below):
☐
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))
Securities registered pursuant to Section 12(b) of the Act: None
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
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. ☐
Renavotio, Inc., a Nevada Corporation, is referred to herein as “we”, “our”, or “us”.
Item 1.01 Entry into a Material Definitive Agreement
On October 28, 2020 (“Issue Date”), we, as the Borrower, entered into a Convertible Promissory Note and related Note Purchase Agreement with Quick Capital, LLC (the “Lender”), a Wyoming Limited Liability Company, for the principal sum of $112,500 and an original issue discount of $10,000 (“OID”) at 10% per annum and a maturity date of 9 months from the Issue Date. The cash consideration delivered to the borrower at closing considering the OID is $100,000. The Convertible Promissory Note provides for a fixed conversion price of $0.12. The agreements are subject to various representations and warranties by the Borrower and the Lender.
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.
Dated: October 30, 2020
By:
/s/ William Robinson
William Robinson
Chief Executive Officer
3
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