secwatch.observer — SEC 8-K summary
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Issuer:     RenX Enterprises Corp. (RENX)
CIK:        0001959023
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001213900-23-092693
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe and Green Development subsidiary enters JV to develop 59.4-acre Texas residential project
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- LV Peninsula Holding LLC contributes 59.4 acres in Lago Vista, TX valued at $11.5M to JV with Preserve Acquisitions.
- Preserve provides $94K initial earnest deposit, plus $36K within 90 days, total $130K held in escrow.
- Preserve has 150-day feasibility period to terminate for any reason; six optional 30-day extensions at $15K each.
- JV closing requires secured construction financing and JV operating agreement; closing 30 days after feasibility period.
- If Preserve fails to submit Phase 1 building permits within 11 months, Owner can keep earnest money as liquidated damages.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959023/000121390023092693/0001213900-23-092693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959023/000121390023092693/ea189447-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-092693

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