Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
January 27, 2021
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. is referred to herein as “Renavotio”, “we”, “our”, or “us”.
ITEM 1.01 ENTRY INTO A MATERIAL DEFINTIIVE AGREEMENT
On January 27, 2021, we, as the Borrower, entered into a Promissory Note (the “Note”), a Securities Purchase Agreement, and related transaction documents with SE Holdings, a Nevada Limited Liability Company (the “Lender”), for the principal sum of $287,500, consisting of an original issue discount of $37,500 and a Purchase Price of $250,000. The Note has an interest rate of 9% per annum and a maturity date of August 27, 2021, payable in 4 installment payments of $78,343,75. The Note is subject to various Events of Default. The Securities Purchase Agreement requires us to issue 350,000 restricted common stock shares to the Lender as additional consideration for the purchase of the Note, which shares shall be issued upon funding of the Note. The Lender has conversion rights only in the event of default upon the Note.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Exhibits. The following exhibits are filed with this Current Report on Form 8-K:
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: January 29, 2021
By:
/s/ William Robinson
William Robinson
Chief Executive Officer
3
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