UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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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 Definitive Agreement
On March 4, 2022, pursuant to a collateralized thirty (30) year promissory note (the “Note”) with the Small Business Administration (“SBA”), our wholly owned subsidiary, Utility Management and Construction, LLC (the “Borrower”), received loan proceeds of $1,915,200 from the SBA. The Note provides for principal and interest payments at 3.25% interest per annum with the Borrower obligated to make monthly payments beginning on February 28, 2024.
ITEM 9.01. FINANCIAL STATEMENTS & EXHIBITS
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL Document). |
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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: March 8, 2022 | By: | /s/ William Robinson | |
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| William Robinson |
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| Chief Executive Officer |
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