Renewable Energy Acquisition Corp.

Overview

Incorporated in Nevada on June 21, 2007.
Organized as a blank-check shell company formed to pursue a merger, capital stock exchange, asset acquisition, or other business combination with an operating business in renewable energy, energy conservation, energy efficiency, or environmental industries.
Potential target sectors include wind and solar power, co-generation, biomass, synthetic gas, energy efficiency and conservation, alternative transportation technologies, energy storage, steam generation/distribution, and related technologies and infrastructure.

Revenue: None generated to date.
Activity: Management has evaluated opportunities but has not entered into any binding acquisition agreements or definitive proposals as of the report date.

Standstill arrangement with Florida Intellectual Properties, LLC (FIP):
- Initial standstill fee: $5,000 on November 13, 2020.
- Ongoing fee: $5,000 per month under the original agreement.
- Amendment effective July 11, 2022:
  - Forgiveness of any underpayments from prior periods.
  - FIP to pay standstill fees sufficient to cover the Company’s ongoing expenses going forward.
  - Additional payments: $20,000 upon breaking escrow of FIP’s current “Friends and Family” private placement; $13,500 when the maximum equity in the round ($500,000) is raised.
  - Escrow-related payments: $1,500 due 30 days after escrow is broken; $1,500 monthly thereafter.
  - April payments: $8,000 for each April while the Standstill Agreement remains in effect.
  - Minimum monthly fee increased to $1,700 per month starting June 2023.
- Escrow status: FIP broke escrow on the first $300,000 of its private placement in September 2022, triggering the amended minimum-fee provisions; payments have continued under the amended terms since then.
- The Standstill Agreement does not bind either party to complete a transaction and may be terminated by either party at any time.
Funding reliance: The Company depends on its sole officer/director and primary shareholder to fund reporting and other expenses.

The Company has no employees and expects to use consultants, attorneys, and accountants as needed while seeking opportunities.
Officers and directors plan to devote approximately five hours per week collectively to searching for a target company until an acquisition is identified and closed.
In a completed acquisition, current stockholders are unlikely to retain control of majority-voting interests; the surviving company may have new management and stockholder approvals may be required depending on transaction structure.

Principal office (mailing address): 2694 Blackwater Rd. NW, Longville, MN 56655; telephone (952) 541-1155.
The Company does not maintain office facilities and does not pay rent for the mailing address, which is the primary residence of the executive officer/director.
The Company does not maintain an internet website.

The Company is required to file with the SEC: annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and proxy/information statements as applicable.

The Company has received standby fees in connection with letters of intent related to potential combinations, but no Letter of Intent has resulted in a definitive agreement as of the report date.
Potential acquisition structures may involve issuing common stock or other securities; tax-free reorganizations under Section 368(a)(1) of the Internal Revenue Code could affect ownership percentages and cause dilution.

The Company intends to search for and potentially acquire a target in one or more renewable energy or environmental sectors, prioritizing opportunities with potential long-term growth.
Management may source opportunities through professional advisers, securities brokers-dealers, venture capitalists, and other members of the financial community.