---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-016128"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:01:51.034362+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Safe and Green closes $250K debenture tranche, amends Peak One deal

## Summary
- Second tranche closed: issued 8% convertible debenture at $250K principal, purchased at $225K (10% OID).
- Issued warrant for 125,000 shares at $2.53, plus 35,000 commitment shares to Peak One and its designee.
- Third tranche of $250K may close after April 16, 2024, subject to mutual agreement and conditions.
- Amended registration rights agreement: company must file registration statement within 60 days.
- Maxim Group received $13,500 placement fee for second tranche; $13,500 due on third tranche if closed.

## SEC filing metadata
- accession: 0001213900-24-016128
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390024016128/0001213900-24-016128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390024016128/ea0200459-8k_safeandgrn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-016128
- JSON: https://secwatch.observer/filing/0001213900-24-016128.json
- Plain text: https://secwatch.observer/filing/0001213900-24-016128.txt

## Key facts
- Debt Financings
  RenX Enterprises Corp. incurred convertible notes of $250,000 with Peak One Opportunity Fund, L.P. at 8% per annum maturing twelve months from its date of issuance.
  - Instrument: convertible notes
  - Principal: $250,000
  - Counterparty: Peak One Opportunity Fund, L.P.
  - Rate: 8% per annum
  - Maturity: twelve months from its date of issuance
  - Event: incurrence
  source text: The closing of the second tranche was consummated on February 16, 2024 and the Company issued an 8% convertible debenture in the principal amount of $250,000 (the “Second Debenture”) to Peak One
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024016128/0001213900-24-016128-index.htm
- Material Agreements
  RenX Enterprises Corp. amended Amendment to Securities Purchase Agreement with Peak One Opportunity Fund, L.P. valued at Amendment to SPA separating second tranche into two tranches of $250,000 each (effective 2024-02-15).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Peak One Opportunity Fund, L.P.
  - Value: Amendment to SPA separating second tranche into two tranches of $250,000 each
  - Effective: 2024-02-15
  source text: On February 15, 2024, Safe and Green Development Corporation (the “Company”) entered into an amendment (the “Amendment”) to the 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024016128/0001213900-24-016128-index.htm
- Material Agreements
  RenX Enterprises Corp. amended RRA Amendment with Peak One Opportunity Fund, L.P. valued at Amendment to Registration Rights Agreement to file a registration statement within 60 days (effective 2024-02-15).
  - Action: amendment
  - Counterparty: Peak One Opportunity Fund, L.P.
  - Value: Amendment to Registration Rights Agreement to file a registration statement within 60 days
  - Effective: 2024-02-15
  source text: Also on February 15, 2024, the Company entered into an amendment (the “RRA Amendment”) to the Registration Rights Agreement, dated November 30, 2023, with Peak One where it agreed to file a registration statement within 60 days of the date of the RRA Amendment with the Securities and Exchange Commission (the “SEC”) to register the maximum number of Registrable Securities (as defined in the RRA Amendment) permitted to be included therein in accordance with applicable SEC rules.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024016128/0001213900-24-016128-index.htm

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