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RenX eliminates $7M debt via preferred stock, approves reverse split and up to 206M new shares
Converted $7.17M of insider debt into Series C Convertible Preferred Stock, eliminating the debt from balance sheet.
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RenX Q1 rev $3.96M (+20.5% QoQ); Logistics segment profitable, net loss $9.3M
Consolidated revenue $3.96M, up 20.5% quarter-over-quarter from $3.28M in Q4 2025.
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RenX Enterprises raises up to $100M via tranched convertible note and warrant private placement
Initial closing of $6.3M convertible notes and warrants on May 4, netting ~$5.7M for working capital.
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RenX beats FY2025 revenue guidance: $8.2M revenue; net loss $15.9M includes $4.8M one-time charges
Revenue of $8.2M beat prior guidance of $7.0M by 17% in post-acquisition period.
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RenX Enterprises effects 1-for-20 reverse stock split to regain Nasdaq compliance
Reverse split at 1-for-20 ratio effective 12:01 a.m. ET on March 26, 2026.
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RenX Enterprises raises $6.0M via convertible notes and warrants; net proceeds $5.4M for working capital
Issued $6,042,985 in Senior Convertible Notes at 12% interest, maturing in 13 months; net proceeds ~$5.4M.
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RenX Enterprises receives Nasdaq deficiency notice for bid price below $1.00
Received Nasdaq notice on Jan 26, 2026 for failing minimum $1.00 bid price for 30 consecutive business days (Dec 5, 2025 - Jan 20, 2026).
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RenX restructures $7M note; transfers Texas collateral, obtains conditional $5M note at 13.5%
Deed in Lieu of Foreclosure on Lago Vista, TX property extinguishes $5M of the original $7M note.
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Safe and Green Development reports Q3 revenue $3.5M (+4,200% YoY); net loss widens to $4.35M
Revenue $3.5M in Q3 2025 vs $81K in Q3 2024 (+4,200% YoY); gross margin improved to 26%.
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Safe and Green Development retires all outstanding convertible debt obligations
Announced on Oct 30, 2025, that all convertible debt has been fully satisfied and retired.
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SGD raises ~$8.2M via convertible preferred and warrants; authorized shares increased to 500M
Net proceeds of ~$8.175M from private placement of 360,000 Series B Convertible Preferred shares at $25/unit.
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SGD shareholders approve 5x authorized share increase, reverse split, and 9M share issuance to Resource Group
Shareholders approved increase in authorized common shares from 100M to 500M, a 5x expansion.
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Safe and Green Development Q2 revenue surges 3,200% to $1.4M; expects ~$4M in Q3
Q2 2025 revenue of $1.4M versus $42K in Q2 2024, a 3,200%+ YoY increase driven by Resource Group acquisition.
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SGD provides audited financials for acquired Resource Group: $12.4M deficit, going concern noted
Resource Group 2024 revenue $18.15M (up from $16.42M), net loss $4.48M.
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SGD raises $560k in private placement; appoints consultant with conditional CEO role and $100M crypto treasury plan
Sold 309,691 shares at $0.9094, plus pre-funded warrants for 173,681 shares and five-year warrants for 483,372 shares at $0.9094 exercise price.
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Safe and Green Development issues $172,500 convertible debenture with 10% OID and 10% interest
Issued 10% convertible debenture with $172,500 principal to Peak One Opportunity Fund, purchased at $155,000 (10% discount).
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Safe and Green Development appoints three new directors after Resource Group acquisition; three prior directors resign
Paul M. Galvin and Alyssa Richardson resigned June 17; Yaniv Blumenfeld resigned June 23; no disagreement with company.
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SGD closes Resource Group acquisition; pro forma equity ~$9.4M, regains Nasdaq compliance
Consideration: $480K 6% notes, 376,818 common shares (19.99% of outstanding), 1.5M Series A Preferred convertible into 9M common shares (subject to shareholder approval).
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Safe and Green closes $555,555 convertible debenture third tranche with Arena Investors
Issued $555,555 principal 10% convertible debentures for $500,000 (10% OID) on April 4, 2025.
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Safe and Green Development to acquire 100% of Resource Group US Holdings LLC
Acquiring 100% equity of Resource Group, holder of exclusive composting/soils technology license.
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SGD acquires Resource Group: $480K cash, 49% equity; board expansion, close Q2 2025
Purchase price: $480,000 cash plus shares equal to 19% of SGD outstanding at close, plus convertible note to total 49% equity.
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Safe and Green Development regains compliance with Nasdaq stockholders' equity rule
On Feb 14, 2025, Nasdaq notified the company it complies with Listing Rule 5550(b)(1) for stockholders' equity.
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Safe & Green sells 10% stake in JDI-Cumberland for $4.5M note; gets Nasdaq compliance extension to Feb 24, 2025
Sold 10% equity interest in JDI-Cumberland Inlet, LLC for a $4.5M promissory note at 6.5% interest, matures Feb 11, 2026.
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Safe and Green Development sells 60-acre Lake Travis site for $6.575M to Lithe Development
LV Peninsula Holding, a wholly owned subsidiary, entered a Commercial Contract to sell the Lago Vista, TX waterfront site for $6.575 million.
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Safe and Green Development sells 29 acres in St. Mary's, GA for $1.4M; receives cash and 90-day note
Sold ~29 acres zoned for manufacturing to Pigmental, LLC for $1.4M; received $438,328 cash and a $960,672 promissory note.
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Safe and Green Development amends ELOC agreement, issues pre-funded warrant for 83,333 shares to Arena Global
On November 15, 2024, Safe and Green Development and Arena Global entered into Amendment No. 2 to the Purchase Agreement.
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Safe and Green Development Q3 net loss $2.34M, revenue $81K; secures $10M Arena investment
GAAP net loss of $2,342,002 on revenue of $81,210 for Q3 2024.
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Safe and Green Development closes $2.22M second tranche convertible debenture offering with Arena Investors
Issued $2,222,222 aggregate principal 10% convertible debentures at $2,000,000 purchase price (10% OID).
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Safe and Green Development regains Nasdaq minimum bid price compliance
Received Nasdaq notice on Oct 22 confirming compliance with Listing Rule 5550(a)(2) after 10 consecutive business days of bid price at or above $1.00.
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SG DevCo effects 1-for-20 reverse stock split on Oct 8 to meet Nasdaq bid price rule
Reverse stock split at 1-for-20 ratio effective 12:01 a.m. ET on October 8, 2024.
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SGD enters joint venture with Milk & Honey to develop 57 Texas lots; 60% stake
SGD contributes $10,000 for mortgage satisfaction and provides construction financing; Milk & Honey contributes land valued at $1.3M.