secwatch.observer — SEC 8-K summary
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Issuer:     RenX Enterprises Corp. (RENX)
CIK:        0001959023
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001213900-24-039635
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024039635/0001213900-24-039635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024039635/ea0205030-8k_safeand.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-039635

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