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PamelaR

06/30/20 9:50 PM

#98820 RE: pickey #98813

Aahh, thank you for pointing me in the right direction. It was buried deep in a very long list. Good news for RNVA shareholders:

The public company will be known as InnovaQor going forward. Completion of the agreement is subject to a number of approvals and consents which need to be secured to complete the transaction. Subject to closing and the relevant SEC approvals it is intended that Rennova will receive approximately $22 million of preferred shares in the transaction, $5 million of which will be converted to common shares in the public company, and distributed to Rennova Shareholders upon completion of the relevant registration/approvals with the SEC.