Sep. 17 at 11:55 PM
$PAAI In a separate, private transaction,
$RTB is purchasing 26,042,653 shares from Simplify Inventions, LLC for
$3.80 per share or
$98,962,081, which is owned and controlled by Manoj Bhargava. Renew Group Private Limited is co-owned by Manoj Bhargava, which is carrying the
$97.7 million in debt that some folks keep posting about. Simplify will continue to own 7,822,955 shares or 23.1%...
https://www.sec.gov/ix?doc=/Archives/edgar/data/894871/000162828026055208/aren-20260630.htm
Term Debt and Simplify Loan
Effective August 7, 2026, the Company entered into a new debt agreement with Renew, which replaced the Term Debt and the Simplify Loan. The new debt agreement extended the maturity of the Term Debt by three years, added net leverage and fixed charge coverage covenants, and eliminated the
$25,000 Simplify Loan. The interest rate remained unchanged from the Term Debt at 10.0% per annum under the new agreement. There was no change in the principal amount of
$97,691,000.