---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-022742"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-25T00:10:01.815470+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Safe and Green Development sells 60% JV interest for $700k promissory note

## Summary
- Sold 60% interest in Sugar Phase I LLC to Milk & Honey for $700,415.24, evidenced by a one-year 10% promissory note.
- Closing occurred March 7, 2025; Milk & Honey prepaid $120,000, transferring 10.27% interest, SGD now holds 49.73%.
- Sale follows deadlock under the JV agreement; SGD exits incrementally as note is repaid.
- Parties executed a mutual release, except Milk & Honey's obligations under the promissory note until paid in full.

## SEC filing metadata
- accession: 0001213900-25-022742
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390025022742/0001213900-25-022742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390025022742/ea0233904-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-022742
- JSON: https://secwatch.observer/filing/0001213900-25-022742.json
- Plain text: https://secwatch.observer/filing/0001213900-25-022742.txt

## Key facts
- M&A Transactions
  RenX Enterprises Corp. completed a disposition involving Properties by Milk & Honey LLC for $700,415.24 (closed 2025-03-07).
  - Action: disposition
  - Counterparty: Properties by Milk & Honey LLC
  - Consideration: $700,415.24
  - Closing: 2025-03-07
  source text: (the “Interest”) in Sugar Phase I LLC, a joint venture (the “JV”) established under a Joint Venture Agreement with Milk & Honey, dated July 23, 2024, for a purchase price of $700,415.24, reflecting amounts contributed and costs incurred by the Company in connection with the Sugar Phase I project, to be evidenced by a one-year promissory note (the “Note”) in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025022742/0001213900-25-022742-index.htm

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