---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-025618"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:49:15.016121+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-025618
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390024025618/0001213900-24-025618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390024025618/ea0202508-8k_safeand.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-025618
- JSON: https://secwatch.observer/filing/0001213900-24-025618.json
- Plain text: https://secwatch.observer/filing/0001213900-24-025618.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024025618/0001213900-24-025618-index.htm

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