Safe & Green Development Corp Stock Price, News & Analysis

RenX Enterprises engaged Bob Jacobson as Strategic Business Development Advisor for its renewable materials and engineered soils and potting media lines. Jacobson brings over five decades of retail garden, merchandising, and supplier development experience, including more than 20 years at Home Depot where he supported growth from ~30 to over 2,000 stores and led national category strategy for multi-billion-dollar product categories. At RenX, he will advise on supplier alignment, national grower engagement, and category development to support product quality, supply reliability, and disciplined margin expansion. The company said the appointment is intended to accelerate long-term grower relationships and scale its composting, soil blending, and potting media capabilities nationwide.

RenX Enterprises Corp (NASDAQ: RENX) said 2025 was transformational after acquiring Resource Group and shifting from real estate development to environmental solutions. The company reported approximately $7 million in preliminary, unaudited 2025 gross revenues versus under $500,000 in 2024. Management highlighted elimination of convertible debt, a $9 million private placement, targeted equipment purchases (Komptech, Diamond Z, trommel, CAT) and a Microtec mill expected March 2026. The company is pursuing engineered soils, bagged materials and multiple real estate monetization actions.

RenX Enterprises (NASDAQ:RENX) completed purchase of a Komptech Crambo shredder and a Diamond Z horizontal grinder after a rental trial showed higher throughput, improved processing efficiency, and incremental revenue. The equipment was acquired for approximately $2.54 million, funded with a 30% down payment (~$700,000) paid during the rental period and the balance financed via two secured promissory notes with Commercial Credit Group. Management said ownership aligns with its long‑term operating strategy and supports scaling processing capacity and revenue growth.

RenX Enterprises (NASDAQ: RENX) completed a debt restructuring of its Lago Vista, Texas secured note of about $7.0 million. Title to Lago Vista was transferred to the lender in exchange for conditional extinguishment of $5.0 million of the secured note, subject to sale provisions. $2.0 million of the remaining balance is now secured by RenX’s Durant, Oklahoma property, which the company intends to market in 2026. The agreement includes a $5.0 million backstop promissory note if indebtedness remains after 24 months and provides RenX 70% of net sale proceeds above $5.0 million from Lago Vista. The move aims to cut interest expense (~$850,000) and refocus the company on Resource Group operations.

RenX Enterprises (NASDAQ: RENX) announced progress on its sustainable growing media initiative using advanced milling and materials-engineering technology licensed exclusively from Microtec Development & Holdings. Microtec, acquired by Ara Partners earlier in 2025, supplies processing and systems-integration capabilities that enable RenX to scale from single-site production to a repeatable, multi-facility model. The platform converts locally sourced green and organic waste into engineered substrates designed to replace peat, coconut coir, and hydrafiber, aiming to improve consistency, reduce transportation emissions, and divert organic waste from landfills. Initial commercial deployments are expected to begin in 2026, with plans for additional regional facilities and formulations over time.

RenX Enterprises Corp (NASDAQ: RENX) announced a corporate name change from Safe and Green Development Corporation effective December 19, 2025. The company’s common stock is expected to begin trading under the new ticker RENX on that date; the CUSIP will remain unchanged. The name and ticker reflect a strategic focus on engineered soils, renewable-material production, and scaled deployment of operating assets. The company said no action is required by existing stockholders and outstanding certificates remain valid. The company website will be www.renxent.com.

Safe and Green Development Corporation (NASDAQ: SGD) announced a 25% price increase on recurring weekly compost purchase orders at its Myakka, Florida facility, effective with orders from the consistent high-volume customer who maintained order volume after the change.

The company said the pricing boost directly contributes to gross revenue and improves unit economics while aligning with operational upgrades, including newly delivered equipment and planned integration of a Microtec mill. SGD also will publish a monthly third-party inventory flyover report for the Myakka site on sgdevco.com/media to increase transparency.

Safe and Green Development Corporation (NASDAQ: SGD) secured delivery of a patented Micotec Mill, with delivery expected in March 2026, to strengthen materials processing across soil and environmental product lines.

The company holds exclusive U.S. utilization rights to the Micotec milling technology. Two upstream systems—Diamond Z horizontal grinder and Komptech shredder—are now fully operational and increasing daily throughput. Initial installation is planned at the Myakka City, Florida green waste facility, followed by commissioning, testing, and a phased production ramp. Future deployments will depend on performance, market demand, and capital planning.

Safe and Green Development (NASDAQ: SGD) announced a new customer — a large U.S. distributor of branded chemistry products serving specialty agriculture — has issued multiple purchase orders for wood fines from the Company’s Myakka, Florida site.

Based on current weekly volumes, the orders equate to approximately $9,000 per week, and the Company said it expects orders to continue at this rate. Material is produced on the site’s Diamond Z grinder, screened to customer specs, and allows recycling of 100% of inbound feedstock. The sale expands the Myakka customer base and supports scaling engineered soils and organics recycling across agricultural and turf markets.