RenX Enterprises Completes Debt Restructuring, Transfers Lago Vista Property to Lender for Conditional $5.0 Million Valuation Strengthening Balance Sheet and Advancing Strategic Focus on Resource Group
Globenewswire·2026-01-06 22:00

MIAMI, FL , Jan. 06, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises, Inc. (“RenX” or the “Company”) (NASDAQ: RENX), formerly known as Safe and Green Development Corporation, today announced the restructuring of the Company’s approximately 7.0millionoutstandingsecurednoteonitsLagoVista,Texasproperty.Undertherestructuring,inexchangeforthetransferoftitletotheLagoVista,TexaspropertytotheCompany’slender,thelenderagreedtoconditionallyextinguish7.0 million outstanding secured note on its Lago Vista, Texas property. Under the restructuring, in exchange for the transfer of title to the Lago Vista, Texas property to the Company’s lender, the lender agreed to conditionally extinguish 5.0 million of the secured note subj ...