---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-013385"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:49:30.837054+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Safe and Green Development acquires Majestic World Holdings (XENE AI) for $500K cash + 500K shares

## Summary
- Total consideration: $500K cash payable over 5 quarters plus 500K restricted shares valued at $1.075M ($2.15/share).
- MWH CEO Matthew Barstow appointed Senior Vice President of Innovation at SG Devco.
- 50% profit sharing agreement on net profits from XENE AI technology for five years.
- XENE Platform, an AI-driven real estate marketplace, expected to launch Q1 2024.
- Acquisition adds a new technology vertical to SG Devco's real estate portfolio.

## SEC filing metadata
- accession: 0001213900-24-013385
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390024013385/0001213900-24-013385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390024013385/ea193646-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-013385
- JSON: https://secwatch.observer/filing/0001213900-24-013385.json
- Plain text: https://secwatch.observer/filing/0001213900-24-013385.txt

## Key facts
- Material Agreements
  RenX Enterprises Corp. entered into Membership Interest Purchase Agreement with Majestic World Holdings LLC valued at 500,000 shares restricted stock + $500,000 cash (effective 2024-02-07).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Majestic World Holdings LLC
  - Value: 500,000 shares restricted stock + $500,000 cash
  - Effective: 2024-02-07
  source text: On February 7, 2024, Safe and Green Development Corporation (the “Company”) acquired Majestic World Holdings LLC (“MWH”) pursuant to a Membership Interest Purchase Agreement (the “Purchase Agreement”), dated as of February 7, 2024, by and among the Company, the members of MWH listed therein (the “Members”), MWH and Matthew A. Barstow, as Sellers Representative.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024013385/0001213900-24-013385-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.