secwatch.observer — SEC 8-K summary
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Issuer:     RenX Enterprises Corp. (RENX)
CIK:        0001959023
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0001213900-25-061056
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Safe and Green Development issues $172,500 convertible debenture with 10% OID and 10% interest
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- Issued 10% convertible debenture with $172,500 principal to Peak One Opportunity Fund, purchased at $155,000 (10% discount).
- Issued 100,000 commitment shares to investor and a pre-funded warrant for 300,000 shares to Arena as consent fee.
- Obtained waivers from Arena investors, increasing Arena debentures by 2.5% to $1,921,092.60.
- Debenture matures in 12 months, convertible at closing price subject to $0.19 floor, redeemable at 110%.
- Company must apply cash proceeds over $500,000 to repay debenture if holder elects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959023/000121390025061056/0001213900-25-061056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959023/000121390025061056/ea0247781-8k_safe.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-061056

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