---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-101289"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2025-10-22T23:59:59+00:00"
generated_at: "2026-05-17T02:50:28.523466+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SGD raises ~$8.2M via convertible preferred and warrants; authorized shares increased to 500M

## Summary
- Net proceeds of ~$8.175M from private placement of 360,000 Series B Convertible Preferred shares at $25/unit.
- Each unit includes a warrant to buy ~6.6M common shares at $1.36; conversion and exercise subject to shareholder approval.
- Conversion price adjustable with floor of $0.242; full conversion at floor could issue up to 37.2M common shares.
- Authorized common shares increased from 100M to 500M via amendment filed on October 16, 2025.
- Proceeds intended for Myakka City expansion, debt reduction, and working capital; 9% dividend on preferred.

## SEC filing metadata
- accession: 0001213900-25-101289
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2025-10-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390025101289/0001213900-25-101289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390025101289/ea0261675-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-101289
- JSON: https://secwatch.observer/filing/0001213900-25-101289.json
- Plain text: https://secwatch.observer/filing/0001213900-25-101289.txt

## Key facts
- Equity Issuances
  RenX Enterprises Corp. issued common warrants to purchase up to 6,617,647 shares of common stock of warrant to institutional investors for combined purchase price of $25.00 for each share of Preferred Stock and accompanying Warrant.
  - Security: warrant
  - Shares: common warrants to purchase up to 6,617,647 shares of common stock
  - Purchaser: institutional investors
  - Consideration: combined purchase price of $25.00 for each share of Preferred Stock and accompanying Warrant
  source text: common warrants (the “Warrants”) to purchase up to 6,617,647 shares of common stock (the “Warrant Shares”) exercisable at an initial exercise price of $1.36 per share, subject, among other things, to adjustment, shareholder approval and certain beneficial ownership limitations set by each holder, for a combined purchase price of $25.00 for each share of Preferred Stock and accompanying Warrant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025101289/0001213900-25-101289-index.htm
- Equity Issuances
  RenX Enterprises Corp. issued 360,000 shares of a newly designated series of Series B Non-Voting Convertible Preferred Stock of preferred stock to institutional investors for combined purchase price of $25.00 for each share of Preferred Stock and accompanying Warrant.
  - Security: preferred stock
  - Shares: 360,000 shares of a newly designated series of Series B Non-Voting Convertible Preferred Stock
  - Purchaser: institutional investors
  - Consideration: combined purchase price of $25.00 for each share of Preferred Stock and accompanying Warrant
  source text: On October 16, 2025, Safe and Green Development Corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with institutional investors (the “Purchasers”) for the issuance and sale in a private placement transaction (the “Private Placement”) of 360,000 shares of a newly designated series of Series B Non-Voting Convertible Preferred Stock (the “Preferred Stock”) convertible at an initial conversion price of $1.36 per share into 6,617,647 shares of common stock (the “Conversion Shares”) and common warrants (the “Warrants”) to purchase up to 6,617,647 shares of common stock (the “Warrant Shares”) exercisable at an initial exercise price of $1.36 per share, subject, among other things, to adjustment, shareholder approval and certain beneficial ownership limitations set by each holder, for a combined purchase price of $25.00 for each share of Preferred Stock and accompanying Warrant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025101289/0001213900-25-101289-index.htm
- Governance Changes
  RenX Enterprises Corp.: Increased the number of authorized shares of Common Stock from 100,000,000 to 500,000,000 via a Certificate of Amendment filed on October 16, 2025 (effective 2025-10-16).
  - Change: charter amendment
  - Effective: 2025-10-16
  source text: On October 16, 2025, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware that increased the number of the Company’s authorized shares of Common Stock from 100,000,000 shares to 500,000,000 shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025101289/0001213900-25-101289-index.htm

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