---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-013032"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T23:03:11.165162+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Safe & Green sells 10% stake in JDI-Cumberland for $4.5M note; gets Nasdaq compliance extension to Feb 24, 2025

## Summary
- Sold 10% equity interest in JDI-Cumberland Inlet, LLC for a $4.5M promissory note at 6.5% interest, matures Feb 11, 2026.
- Note secured by pledge of 10% equity in JDI-Cumberland and guaranteed by Jacoby Development Inc.
- Company believes sale regains compliance with Nasdaq's $2.5M equity requirement; extension through Feb 24, 2025.
- If compliance not shown at next periodic report, company may face delisting.

## SEC filing metadata
- accession: 0001213900-25-013032
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390025013032/0001213900-25-013032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390025013032/ea0230787-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-013032
- JSON: https://secwatch.observer/filing/0001213900-25-013032.json
- Plain text: https://secwatch.observer/filing/0001213900-25-013032.txt

## Source-grounded claims
- claim_id: d94796cf40a4366e773283e8c4e69ccc9c8a42bb
  claim: RenX Enterprises Corp. received a nasdaq extension granted notice regarding stockholders equity (rules 5550(b)(1)).
  evidence_excerpt: January 22, 2025, the Company received written notification from Nasdaq granting the Company’s request for an extension through February 24, 2025 to evidence compliance with the Rule. The terms of the extension are as fo
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025013032/0001213900-25-013032-index.htm

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