---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-030638"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2025-04-10T23:59:59+00:00"
generated_at: "2026-05-23T17:33:22.298945+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safe and Green closes $555,555 convertible debenture third tranche with Arena Investors

## Summary
- Issued $555,555 principal 10% convertible debentures for $500,000 (10% OID) on April 4, 2025.
- Conversion price: lesser of $1.6215 or 92.5% of lowest 10-day VWAP, floor $0.90; max 461,043 shares if converted at floor.
- Issued warrants to purchase 461,043 shares (50% of principal/92.5% of VWAP), 5-year term, exercise price similar to conversion price.
- Global amendment lowered exercise price of prior warrants to same formula as new warrants.
- Company reimbursed Arena $20,000 legal fees; paid Maxim $30,000 advisory fee.

## SEC filing metadata
- accession: 0001213900-25-030638
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2025-04-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390025030638/0001213900-25-030638-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390025030638/ea0237624-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-030638
- JSON: https://secwatch.observer/filing/0001213900-25-030638.json
- Plain text: https://secwatch.observer/filing/0001213900-25-030638.txt

## Key facts
- Debt Financings
  RenX Enterprises Corp. incurred convertible notes of aggregate principal amount of $555,555 with Arena Special Opportunities Partners II, LP, Arena Special Opportunities (Offshore) Master, LP, Arena Special Opportunities Partners III, LP, and Arena Special Opportunities Fund, LP at 10% per annum paid-in-kind (PIK Interest) maturing eighteen months from their date of issuance.
  - Instrument: convertible notes
  - Principal: aggregate principal amount of $555,555
  - Counterparty: Arena Special Opportunities Partners II, LP, Arena Special Opportunities (Offshore) Master, LP, Arena Special Opportunities Partners III, LP, and Arena Special Opportunities Fund, LP
  - Rate: 10% per annum paid-in-kind (PIK Interest)
  - Maturity: eighteen months from their date of issuance
  - Event: incurrence
  source text: On April 4, 2025, Safe and Green Development Corporation (the “Company”) entered into an amendment (the “First Amendment”) to the Securities Purchase Agreement, dated August 12, 2024, as amended on August 30, 2024 (the “Purchase Agreement”), between the Company and Arena Special Opportunities Partners II, LP, Arena Special Opportunities (Offshore) Master, LP, Arena Special Opportunities Partners III, LP, and Arena Special Opportunities Fund, LP (collectively, the “Arena Investors”) in connection with the closing of the third tranche of its private placement offering (the “Offering”) with Arena Investors pursuant to which the Company issued 10% convertible debentures (the “Third Closing Debentures”) in the aggregate principal amount of Five Hundred Fifty Five Thousand Five Hundred Fifty Dollars ($555,555) to Arena Investors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025030638/0001213900-25-030638-index.htm

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