Rennova Health Inc (RNVA)

[Grateful_Trader]

I'm surprised this board isn't talking about the recent 8k and the issued preferred O shares. Next week could look a lot different than yall think, seems Scamus could be done diluting with retail sitting in the driver's seat......... minus the MM cocksuckers of course!




Item 1.01. Entry into a Material Definitive Agreement.
 
On October 28, 2021, Rennova Health, Inc. (the “Company”) entered into the Securities Purchase Agreement, dated as of October 28, 2021 (the “Purchase Agreement”), among the Company and certain existing institutional investors of the Company. The Purchase Agreement provides for the issuance of up to 4,400 shares of Series O Convertible Redeemable Preferred Stock (the “Series O Preferred Stock”) at two closings of 2,200 shares each. If all such shares of Series O Preferred Stock are issued, the Company will receive proceeds of $4,000,000.
 
The first closing will occur on October 28, 2021. The Company will issue 2,200 shares of Series O Preferred Stock and receive proceeds of $2,000,000. The second closing is expected to occur on or before December 1, 2021. The subsequent closing depends upon the Company’s satisfaction of certain conditions. There can be no assurance that the Company will satisfy all or any of these conditions or that the additional closing will take place. In addition, the Purchase Agreement restricts the Company’s use of any proceeds of the issuances of the Series O Preferred Stock, including to payroll and legal and accounting expenses.