Renewable Innovations Inc (REII)

[JMMatthews]

The Company also wants to address its capitalization. Fifteen long-standing shareholders of Nestbuilder.com Corp, who own or have the right to acquire an aggregate of over 14 million shares of common stock, are parties to a Leakout Agreement that limits their ability to sell shares over the 6-month period following the acquisition of Renewable Innovations, Inc. Further, the 93% of the company that is beneficially held by RI legacy shareholders is under 6-month resale restrictions typical in a private issuance. Thus, the approximately 1.55 million shares in the float are going to stay relatively consistent during this timeframe.

https://www.globenewswire.com/en/news-release/2022/12/15/2574766/0/en/Renewable-Innovations-to-Support-Major-Electric-Vehicle-Taxi-Company-with-Hydrogen-Clean-Power.html

REII $$$