Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
RenX Enterprises Corp. incurred convertible notes of $700,000.00 with Peak One Opportunity Fund, L.P. at 8% per annum maturing twelve months from its date of issuance.
- Instrument
- convertible notes
- Principal
- $700,000.00
- Counterparty
- Peak One Opportunity Fund, L.P.
- Rate
- 8% per annum
- Maturity
- twelve months from its date of issuance
- Event
- incurrence
Exact text from the filing
On November 30, 2023, Safe and Green Development Corporation (the “Company”) entered into a Securities Purchase Agreement, dated November 30, 2023 (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which the Company agreed to issue, in a private placement offering (the “Offering”) upon the satisfaction of certain conditions specified in the Purchase Agreement, two Debentures to Peak One in the aggregate principal amount of $1,200,000. The closing of the first tranche was consummated on November 30, 2023 and the Company issued an 8% convertible debenture in principal amount of Seven Hundred Thousand Dollars ($700,000.00) (the “Debenture”) to Peak One
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RenX Enterprises Corp. entered into Securities Purchase Agreement with Peak One Opportunity Fund, L.P. valued at aggregate principal amount of $1,200,000 (effective 2023-11-30).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Peak One Opportunity Fund, L.P.
- Value
- aggregate principal amount of $1,200,000
- Effective
- 2023-11-30
Exact text from the filing
On November 30, 2023, Safe and Green Development Corporation (the “Company”) entered into a Securities Purchase Agreement, dated November 30, 2023 (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which the Company agreed to issue, in a private placement offering (the “Offering”) upon the satisfaction of certain conditions specified in the Purchase Agreement, two Debentures to Peak One in the aggregate principal amount of $1,200,000.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RenX Enterprises Corp. entered into Equity Purchase Agreement with Peak One Opportunity Fund, L.P. valued at up to $10,000,000.00 (effective 2023-11-30).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Peak One Opportunity Fund, L.P.
- Value
- up to $10,000,000.00
- Effective
- 2023-11-30
Exact text from the filing
On November 30, 2023, the Company also entered into an Equity Purchase Agreement (the “EP Agreement”) and related Registration Rights Agreement (the “Rights Agreement”) with Peak One, pursuant to which the Company shall have the right, but not the obligation, to direct Peak One to purchase up to $10,000,000.00 (the “Maximum Commitment Amount”) in shares of the Company’s common stock in multiple tranches upon satisfaction of certain terms and conditions contained in the EP Agreement and Rights Agreement
View on SEC.gov