---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-092978"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:41:48.114297+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Safe and Green Development closes $2.22M second tranche convertible debenture offering with Arena Investors

## Summary
- Issued $2,222,222 aggregate principal 10% convertible debentures at $2,000,000 purchase price (10% OID).
- Debentures mature in 18 months, bear 10% PIK interest, convertible at lower of $3.48 or 92.5% of 10-day VWAP (floor $0.90).
- Issued warrants to purchase 170,892 shares at $3.476 per share, expiring in 5 years.
- Placement agent Maxim Group received $120,000 fee; company also reimbursed Arena $10,000 legal fees.
- Amendment to first closing debentures to fix floor price to comply with Nasdaq rules.

## SEC filing metadata
- accession: 0001213900-24-092978
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390024092978/0001213900-24-092978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390024092978/ea0219036-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-092978
- JSON: https://secwatch.observer/filing/0001213900-24-092978.json
- Plain text: https://secwatch.observer/filing/0001213900-24-092978.txt

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