8-K

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): September 28, 2023

RENEWABLE INNOVATIONS, INC.

(Exact name of registrant as specified in its charter)

Nevada (State or other jurisdiction of incorporation) 000-55875 (Commission File Number) 82-3254264 (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 28, 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, up the maximum amount of $350,000. 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.

On August 30, 2023, we entered into a First Amendment to the Line of Credit Promissory Note, increasing the maximum amount to $500,000.

On September 28, 2023, we entered into a Second Amendment to the Line of Credit Promissory Note, increasing the maximum amount to $750,000.

Section 9 – Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Name and/or Identification of Exhibit
10.1 (1)	Line of Credit Promissory Note
10.2 (2)	First Amendment to Line of Credit Promissory Note
10.3	Second Amendment to Line of Credit Promissory Note

(1) Incorporated by reference from our Current Report on Form 8-K filed with the Commission on May 4, 2023.

(2) Incorporated by reference from our Current Report on Form 8-K filed with the Commission on September 6, 2023.

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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.

	Renewable Innovations, Inc.
Dated: September 29, 2023		/s/ Robert L. Mount
	By:	Robert L. Mount
	Its:	Chief Executive Officer

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EX-10.3

Exhibit 10.3

SECOND AMENDMENT TO

RENEWABLE INNOVATIONS, INC.

LINE OF CREDIT PROMISSORY NOTE

This Second Amendment to Renewable Innovations Line of Credit Promissory Note (this “Amendment”) is entered into on September 28, 2023 (the “Effective Date”) by and between Renewable Innovations, Inc., a Nevada corporation (the “Company”) and Robert L. Mount (the “Holder”). Each of the Company and Holder may be referred to as a “Party” and collectively as the “Parties.”

RECITALS

WHEREAS, the Parties entered into that certain Line of Credit Promissory Note dated April 28, 2023, as amended on August 30, 2023 (collectively, the “Original Note”);

WHEREAS, the Parties desire to amend the Original Note as set forth in this Amendment;

WHEREAS, capitalized terms not defined in this Amendment shall have the meaning assigned to them in the Original Note.

NOW, THEREFORE, for good and adequate consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

AGREEMENT

1.       The “Maximum Amount” is hereby increased from $500,000 to $750,000.

2.       Other than as set forth herein, the terms and conditions of the Original Note shall remain in full force and effect.

IN WITNESS WHEREOF, the Parties have entered into this Amendment on the Effective Date.

“Company”		“Holder”
Renewable Innovations, Inc.,
a Utah corporation
	/s/ Lynn Barney	/s/ Robert L. Mount
By:	Lynn Barney	Robert L. Mount
Its:	Chief Financial Officer

XML

Cover	Sep. 28, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 28, 2023
Entity File Number	000-55875
Entity Registrant Name	RENEWABLE INNOVATIONS, INC.
Entity Central Index Key	0001725516
Entity Tax Identification Number	82-3254264
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	588 West 400 South
Entity Address, Address Line Two	Suite 110
Entity Address, City or Town	Lindon
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84042
City Area Code	801
Local Phone Number	406-6740
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false