---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-039635"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:22:37.282113+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safe and Green Development issues $350K convertible debenture to Peak One as first tranche of $1.2M private placement

## Summary
- Issued 8% convertible debenture with $350,000 principal to Peak One Opportunity Fund; purchase price $315,000 (10% OID).
- Debenture convertible at $0.70/share with floor $0.165; warrant for 262,500 shares at $0.76 exercise price.
- Warrant expires in 5 years; debenture matures in 12 months, company can redeem at 110%.
- Further tranches totaling $850k possible upon mutual agreement after June 28, 2024.
- Placement agent Maxim Group received $18,900 fee for first tranche; registration rights agreement filed within 30 days.

## SEC filing metadata
- accession: 0001213900-24-039635
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390024039635/0001213900-24-039635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390024039635/ea0205030-8k_safeand.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-039635
- JSON: https://secwatch.observer/filing/0001213900-24-039635.json
- Plain text: https://secwatch.observer/filing/0001213900-24-039635.txt

## Key facts
- Debt Financings
  RenX Enterprises Corp. incurred convertible notes of $350,000.00 with Peak One Opportunity Fund, L.P. at 8% per annum maturing twelve months from its date of issuance.
  - Instrument: convertible notes
  - Principal: $350,000.00
  - Counterparty: Peak One Opportunity Fund, L.P.
  - Rate: 8% per annum
  - Maturity: twelve months from its date of issuance
  - Event: incurrence
  source text: the Company issued an 8% convertible debenture in principal amount of Three Hundred Fifty Thousand Dollars ($350,000.00) (the “Debenture”) to Peak One
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024039635/0001213900-24-039635-index.htm
- Material Agreements
  RenX Enterprises Corp. entered into Securities Purchase Agreement with Peak One Opportunity Fund, L.P. valued at $1,200,000 (effective 2024-04-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Peak One Opportunity Fund, L.P.
  - Value: $1,200,000
  - Effective: 2024-04-29
  source text: On April 29, 2024, Safe and Green Development Corporation (the “Company”) entered into a Securities Purchase Agreement, dated April 29, 2024 (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, three Debentures to Peak One in the aggregate principal amount of $1,200,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024039635/0001213900-24-039635-index.htm

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