Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
February 1, 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
Background
On February 1, 2021, we entered into a Corporate Development Advisory Agreement ("February 1, 2021 Agreement") with ClearThink Capital and its affiliate, Tysado Partners, LLC (“Consultant”), for the Consultant to provide various consulting services to us to increase awareness and visibility of the investment community, including developing and implementing an ongoing stock market support system, drafting and distributing our press release, social media engagement, corporate profiles, and providing public market oversight. The agreement provided for compensation to the Consultant with a monthly fee of $7,500 consisting of: (a) $2,500 cash; and (b) $5,000 of our restricted common stock shares to be issued on a quarterly basis in the name of Tysado Partners LLC (“Tysado”) based on the closing price on the last day of the preceding period. We did not grant the Consultant registration rights and the shares may be sold pursuant to Rule 144.
March 4, 2021 Amended Corporate Development Advisory Agreement
On March 4, 2021, we entered into an Amended Corporate Development Advisory Agreement (“Amended Agreement”), which canceled the February 1, 2021 Agreement, and replaced the compensation terms, as follows: (a) we pay the Consultant a $8,333.33 Monthly Fee for a period of 24 months, which amount will be paid via our restricted common stock shares to be issued in the name of Tysadco; and (b) the number of restricted common stock shares earned is 4,000,000 based on our stock value at the March 2, 2020 closing price.
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ITEM 9.01. 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: March 8, 2021
By:
/s/ William Robinson
William Robinson
Chief Executive Officer
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