Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

Renewable Innovations, Inc. (f/k/a Nestbuilder.com Corp)

(Name of Issuer)

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

759960 10 7

(CUSIP Number)

 

Brian A. Lebrecht

c/o Clyde Snow & Sessions, P.C.

201 South Main Street, Suite 2200

Salt Lake City, UT 84111

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

December 1, 2022

(Date of Event Which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. *

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 759960 10 7

13D

Page 2 of 5 Pages

 

 

1.	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   Lynn Barney
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) ☐
3.	SEC USE ONLY
4.	SOURCE OF FUNDS   OO
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)	☐
6.	CITIZENSHIP OR PLACE OF ORGANIZATION   United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:	7.	SOLE VOTING POWER   71,583,189
	8.	SHARED VOTING POWER   0
	9.	SOLE DISPOSITIVE POWER   71,583,189
	10.	SHARED DISPOSITIVE POWER   0

11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   71,583,189
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES	☐
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   92%
14.	TYPE OF REPORTING PERSON   IN

 

 

CUSIP No. 759960 10 7

13D

Page 3 of 5 Pages

 

Item 1. Security and Issuer

 

This Statement on Schedule 13D relates to the common stock, par value $0.001, of Renewable Innovations, Inc., a Nevada corporation (the “Company”). The Company’s current principal executive offices are located at 588 West 400 South, Lindon, UT 84042.

 

Item 2. Identity and Background

 

This Statement is being filed by Lynn Barney (sometimes referred to as the “Reporting Person”). Mr. Barney’s address is [●]. During the last five years, Mr. Barney has not been convicted in a criminal proceeding. During the last five years, Mr. Barney has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been subject to a judgment, decree or final order enjoining future violations or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with respect to such law. Mr. Barney is a citizen of the United States.

 

Item 3. Source and Amount of Funds or Other Consideration

 

On December 1, 2022, the Company entered into an Agreement and Plan of Merger by and among the Company, NB Merger Corp., and Renewable Innovations, Inc., a Delaware corporation (“RI Target”), whereby the Company issued and exchanged 2,155,684 shares of its Series A Convertible Preferred Stock (“Preferred Stock”) for all of the outstanding securities of RI Target (the “Exchange”).

 

Through the Exchange, RI Target became a wholly-owned subsidiary of the Company. The Reporting Person exchanged all of his RI Target securities for 715,831.89 shares of the Company’s Preferred Stock. Each share of Preferred Stock is convertible into 100 shares of the Company’s common stock. Each share of Preferred Stock is subject to adjustment for stock splits, stock dividends, distributions, subdivisions, capital reorganization, reclassification and combinations.

 

Item 4. Purpose of Transaction

 

The Reporting Person acquired the shares in the Exchange based on the Reporting Person’s belief that the Company’s securities received in the Exchange, when purchased, represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Person, and the availability of shares at prices that would make the purchase or sale of shares desirable, the Reporting Person has and may continue to endeavor to increase or decrease his position in the Company through, among other things, the purchase or sale of shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Person may deem advisable.

 

The Reporting Person does not have any present plan or proposal which would relate to or result in any of the following:

 

	(a)	The acquisition by any person of additional securities of the Company, or the disposition of securities of the Company;
	(b)	An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries;

 

 

CUSIP No. 759960 10 7

13D

Page 4 of 5 Pages

 

	(c)	A sale or transfer of a material amount of assets of the Company or any of its subsidiaries;
	(d)	Any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;
	(e)	Any material change in the present capitalization or dividend policy of the Company;
	(f)	Any other material change in the Company’s business or corporate structure, including but not limited to, if the company is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;
	(g)	Changes in the Company’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;
	(h)	Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
	(i)	A class of equity securities of the issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the Act; or
	(j)	Any action similar to any of those enumerate above.

 

The Reporting Person intends to review his investment in the Company on a continuing basis. Depending on various factors including, without limitation, the Company’s financial position and investment strategy, the price levels of his securities, conditions in the securities markets and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to his investment in the Company as he deems appropriate, including: purchasing additional shares, selling some or all of his shares, or changing his intention with respect to any and all matters referred to in this Item 4.

 

Item 5. Interest in Securities of the Issuer

 

(a) The Reporting Person is deemed to be the beneficial owner of 71,583,189 shares of the Company’s common stock, or 92% of the outstanding shares of the Company’s common stock. The Reporting Person’s beneficial ownership of these shares of common stock comes solely from his ownership of an aggregate of 715,831.89 shares of Preferred Stock. Each share of Preferred Stock is convertible into 100 shares of common stock. Each share of Preferred Stock also has voting rights equal to the number of shares of common stock into which it may be converted.

 

(b) The Reporting Person owns the following rights with respect to the shares of the Company’s common stock beneficially owned by him as of the date of this report:

 

Sole Voting Power: 71,583,189

 

Shared Voting Power: - 0 –

 

Sole Dispositive Power: 71,583,189

 

Shared Dispositive Power: - 0 –

 

(c) The discussion above in paragraph (b) of this Item 5 and in Item 3 regarding the Exchange is incorporated herein by this reference. Except as set forth above, the Reporting Person has not entered into any transactions in the Company’s securities in the last sixty days.

 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

 

None.

 

Item 7. Material to be Filed as Exhibits

 

The following documents are filed as exhibits to this Schedule 13D:

 

None.

 

 

CUSIP No. 759960 10 7

13D

Page 5 of 5 Pages

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: December 13, 2022

 

/s/ Lynn Barney
Name: Lynn Barney