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
December 7, 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.) |
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| 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) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | 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 |
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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 December 7, 2020 (“Issue Date”), we, as the Borrower, entered into a Convertible Promissory Note (the “Note”), a Securities Purchase Agreement, and related transaction documents with EMA Financial, LLC (the “Lender”), a Delaware Limited Liability Company, for the principal sum of $112,500, an original issue discount of $11,.250 (“OID”), and a Purchase Price of $101,250. The Note is at 10% per annum, its maturity date is September 21, 2021, and is subject to various Events of Default. The Note is subject to a fixed conversion of $0.12; during the period commencing on the date 181 days following the Issue Date, the conversion price per share shall equal the lower of: (i) the Fixed Conversion Price; or (ii) 75% multiplied by the Market Price, representing a discount rate of 25%. “Market Price” is defined as the lowest Trading Price for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” is defined as the lesser of: (a) the lowest trade price or; (b) the Closing Bid Price on the OTCQB.
ITEM 9.01. EXHIBITS
(a) Exhibits. The following exhibits are filed with this Current Report on Form 8-K:
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| Description |
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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.
| Dated: December 10, 2020 | By: | /s/ William Robinson | |
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| William Robinson |
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| Chief Executive Officer |
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