secwatch.observer — SEC 8-K summary
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Issuer:     RenX Enterprises Corp. (RENX)
CIK:        0001959023
Form:       8-K
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0001213900-25-030638
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959023/000121390025030638/0001213900-25-030638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959023/000121390025030638/ea0237624-8k_safe.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-030638

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