secwatch.observer — SEC 8-K summary
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Issuer:     RenX Enterprises Corp. (RENX)
CIK:        0001959023
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001213900-24-100967
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe and Green Development sells 29 acres in St. Mary's, GA for $1.4M; receives cash and 90-day note
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- Sold ~29 acres zoned for manufacturing to Pigmental, LLC for $1.4M; received $438,328 cash and a $960,672 promissory note.
- Note bears 10% interest, balloon payment due in 90 days; borrower may extend 30 days up to 3 times at $10,000 per extension.
- Sale is part of a strategy to monetize real estate holdings that have increased in value.
- Note secured by personal guaranty and security interest in the property; filing of security interest deferred until pre-existing Holley Loan cleared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024100967/0001213900-24-100967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959023/000121390024100967/ea0222116-8k_safe.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-100967

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