secwatch.observer — SEC 8-K summary
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Issuer:     RenX Enterprises Corp. (RENX)
CIK:        0001959023
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0001213900-24-088933
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe and Green modifies $200K promissory note with Palermo, extends maturity to March 2025, rate to 11.99%
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- Maturity of $200K note extended to March 1, 2025 under modification agreement effective Oct 2, 2024.
- Interest rate increased from 10.99% (with ACH) to 11.99% (without ACH) effective upon modification.
- Original note of $148.3K from Aug 2022 later increased to $200K; debt remains secured by a deed on property in St. Mary's, GA.
- Modification solely extends maturity and adjusts rate; all other terms of the Security Deed remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024088933/0001213900-24-088933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024088933/ea0217986-8k_safe.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-088933

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer