RenX Enterprises Corp. (RENX): Nasdaq/NYSE listing notice — Safe and Green Development regains compliance with Nasdaq stockholders' equity rule

RenX Enterprises Corp.

On Feb 14, 2025, Nasdaq notified the company it complies with Listing Rule 5550(b)(1) for stockholders' equity.
Previously, on Aug 26, 2024, the company received a deficiency notice for failing to meet minimum $2.5M equity requirement.
Nasdaq will continue to monitor compliance; failure at next periodic report could lead to delisting.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

RenX Enterprises Corp. received a nasdaq compliance regained notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

February 14, 2025, Safe and Green Development Corporation (the “Company”) received a letter from The Nasdaq Stock Market (“Nasdaq”) stating that based on the Company’s Form 8-K, as filed with the Securities and Exchange

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

RenX Enterprises Corp. received a nasdaq compliance regained notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

February 14, 2025, Safe and Green Development Corporation (the “Company”) received a letter from The Nasdaq Stock Market (“Nasdaq”) stating that based on the Company’s Form 8-K, as filed with the Securities and Exchange Commission on February 12, 2025, Nasdaq has determined that the Company now complies with the stockholders’ equity requirement as set forth in Nasdaq Listing Rule 5550(b)(1). As previously reported, on August 26, 2024, the Company had received a letter from Nasdaq stating that the Company did not comply with the minimum $2.5 million stockholders’ equity, $35 million market valu

View on SEC.gov

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RenX Enterprises Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-014892

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