Safe and Green Development acquires MyVONIA AI assistant for up to 500,000 shares

RenX Enterprises Corp.

Acquires MyVONIA AI assistant assets from Dr. Axely Congress for up to 500,000 SGD restricted shares.
200,000 shares issued at closing; up to 300,000 additional shares tied to performance milestones.
Closing expected in Q2 2024; MyVONIA uses NLP/ML for conversational AI via text.
MyVONIA to be integrated into SG DevCo's Xene AI real estate platform.
Annual Meeting set for July 2, 2024; stockholder proposals due by May 23, 2024.

item 1.01 item 3.02 item 7.01 item 8.01 item 9.01

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 Asset Purchase Agreement with Dr. Axely Congress valued at up to 500,000 shares of the Company’s common stock (effective 2024-05-07).

Action: entry
Agreement: asset purchase
Counterparty: Dr. Axely Congress
Value: up to 500,000 shares of the Company’s common stock
Effective: 2024-05-07

Exact text from the filing

On May 7, 2024, Safe and Green Development Corporation (the “Company”) entered into an Asset Purchase Agreement (the “APA”) with Dr. Axely Congress (the “Seller”) to purchase all of the assets related to the A.I technology known as My Virtual Online Intelligent Assistant (“MyVONIA”).

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

RenX Enterprises Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-041913

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