secwatch.observer — SEC 8-K summary
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Issuer:     RenX Enterprises Corp. (RENX)
CIK:        0001959023
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001213900-24-025618
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024025618/0001213900-24-025618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024025618/ea0202508-8k_safeand.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-025618

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