Safe and Green Development closes third tranche of private placement, issues $250K debenture and warrants to Peak One

RenX Enterprises Corp.

Issued 8% convertible debenture with $250K principal to Peak One for $225K purchase price (10% OID).
Debenture matures in 12 months; conversion price $2.14 per share, subject to anti-dilution.
Issued warrant to purchase up to 125,000 shares at $2.53 per share, 5-year term.
Paid $6,500 non-accountable fee and issued 35,000 commitment shares to Peak One.
If company receives >$1.5M cash, holder can require 50% of proceeds to repay debenture.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RenX Enterprises Corp. entered into Third Debenture with Peak One Opportunity Fund, L.P. valued at principal amount of $250,000 (effective 2024-03-21).

Action: entry
Agreement: notes offering
Counterparty: Peak One Opportunity Fund, L.P.
Value: principal amount of $250,000
Effective: 2024-03-21

Exact text from the filing

On March 22, 2024, Safe and Green Development Corporation (the "Company") closed the third tranche of the previously disclosed private placement offering (the “Offering”) pursuant to the Securities Purchase Agreement, dated November 30, 2023, as amended on February 15, 2024 (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”) In connection with the closing of the third tranche, the Company issued an 8% convertible debenture, dated as of March 21, 2024, in the principal amount of $250,000 (the “Third Debenture”) to Peak One

View on SEC.gov

543 material agreements filed in the last 30 days. Browse all material agreements →

RenX Enterprises Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-025618

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.