RenX Enterprises Corp., Formerly Safe and Green Development Corporation, Announces Corporate Name Change; New Ticker Symbol “RENX”
Rhea-AI Summary
RenX Enterprises Corp (formerly Safe and Green Development Corporation, NASDAQ: SGD) will change its corporate name and ticker effective December 19, 2025. The company’s common stock is expected to begin trading on Nasdaq Capital Market under the new ticker RENX on December 19, 2025, while the CUSIP remains unchanged.
The name and ticker reflect an expanded strategic focus on engineered soils, renewable-material production, and scaled deployment of operating assets through engineered soils facilities, organics processing, and logistics infrastructure. The company said no action is required by existing stockholders and all outstanding certificates remain valid. The new website is www.renxent.com.
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News Market Reaction 60 Alerts
On the day this news was published, SGD gained 42.26%, reflecting a significant positive market reaction. Argus tracked a peak move of +72.8% during that session. Our momentum scanner triggered 60 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $889K to the company's valuation, bringing the market cap to $3M at that time. Trading volume was exceptionally heavy at 16.2x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus 1 Down
SGD was down 17.17% while key real estate and related peers such as XIN, LRE, GBR, and JFB showed gains between 2.57% and 12.14%, and only AEI declined 8.58%, indicating stock-specific pressure rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 16 | Pricing increase | Positive | -6.3% | Announced 25% price increase on recurring compost purchase orders at Myakka facility. |
| Dec 09 | Capacity expansion | Positive | -57.3% | Secured Micotec Mill delivery and fully operational upstream systems to boost throughput. |
| Nov 25 | New purchase orders | Positive | +4.2% | Won new wood fines orders of about $9,000 per week from a large ag distributor. |
| Nov 14 | Earnings update | Positive | -9.8% | Reported Q3 2025 revenue growth to $3.5M and improved gross margin despite net loss. |
| Oct 30 | Debt retirement | Positive | +8.0% | Announced satisfaction and retirement of all outstanding convertible debt obligations. |
Recent news has often been followed by negative price reactions even on seemingly positive operational or financial updates, with only some balance sheet improvements and new orders aligning positively.
Over the last few months, the company reported several operational and financial milestones. On October 30, 2025, it retired all outstanding convertible debt, which coincided with a 7.99% gain. Q3 2025 results on November 14 highlighted revenue of $3.5 million and a net loss of $(4.35) million, followed by a 9.84% decline. Subsequent updates on new purchase orders, equipment deployments, and a 25% compost price increase saw mixed to negative reactions. Today’s corporate rebranding to RenX Enterprises fits into this evolution toward engineered soils and renewable-material production.
Regulatory & Risk Context
An active Form S-3 filed on October 31, 2025 registers up to 91,115,703 shares of common stock for resale by selling stockholders. The company will not receive proceeds from these resales and may receive up to $9.0 million only if warrants are exercised for cash, though the filing notes cashless exercise is likely. The prospectus highlights potential substantial dilution from conversions, anti-dilution resets, and dividend-related issuances.
Market Pulse Summary
The stock surged +42.3% in the session following this news. A strong positive reaction aligns with the company’s strategic shift highlighted by the rebranding to RenX Enterprises Corp. The stock had been trading near its 52-week low of $0.1698 and well below the $1.08 200-day moving average, so investors may have viewed the new focus on engineered soils and renewable materials as a reset. However, an active S-3 resale registration for up to 91,115,703 shares and prior financing-related dilution risk could influence how durable any strength proves over time.
Key Terms
cusip financial
AI-generated analysis. Not financial advice.
MIAMI, FL, Dec. 18, 2025 (GLOBE NEWSWIRE) -- RenX Enterprises Corp., formerly known as Safe and Green Development Corporation (NASDAQ: SGD) (the “Company”), announces that, effective December 19, 2025, the Company will complete its corporate name change to RenX Enterprises Corp. The Company’s common stock is expected to begin trading on the Nasdaq Capital Market under the new ticker symbol “RENX” on December 19, 2025. The CUSIP number for the Company’s common stock will remain unchanged.
The name and ticker change reflect the Company’s expanded strategic focus on engineered soils, renewable-material production, and the scaled deployment of the Company’s operating assets. Through the Company’s engineered soils facilities, organics processing capabilities, and logistics infrastructure, RenX Enterprises Corp. is increasingly aligned around a vertically integrated platform designed to scale high-margin soil products, sustainable substrates, and regenerative land-use solutions. As of tomorrow the Company’s website will be: www.renxent.com
“This marks a new chapter for the Company as the name aligns with our long-term growth strategy,” said David Villarreal, Chief Executive Officer of RenX Enterprises Corp. “This rebranding marks a pivotal milestone in our evolution. Our new name and ticker reflect our focus on renewable resource manufacturing developing innovative soil and substrate solutions and advancing sustainable practices that deliver both environmental and economic value.”
No action is required by existing stockholders as a result of the name or ticker change. All outstanding stock certificates remain valid and do not need to be exchanged.
About Ren X Enterprises Corp.
RenX Enterprises Corp. is a real estate development and environmental solutions company. Formed in 2021 as Safe and Green Development Corporation, the Company originally focused on the direct acquisition and indirect investment in properties across the United States that are intended for future development into green single-family or multifamily housing projects. The Company remains focused on the monetization of its real estate assets.
The Company’s primary operations consist of an environmental processing and logistics platform that includes a permitted 80+ acre organics processing facility in Myakka City, Florida. The Company processes source-separated green waste and is expanding into the production of sustainable, high-margin potting media and soil substrates through advanced milling technology. The Company’s operations also include a logistics platform that provides transportation services across biomass, solid waste, and recyclable materials, supporting both internal operations and third-party infrastructure needs.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions and include statements regarding the expanded strategic focus on engineered soils, renewable-material production, and the scaled deployment of our operating assets, being increasingly aligned around a vertically integrated platform designed to scale high-margin soil products, sustainable substrates, and regenerative land-use solutions through our engineered soils facilities, organics processing capabilities, and logistics infrastructure, the central role engineered soils and renewable-resource manufacturing now play in the Company’s long-term growth strategy, expanding production capacity, developing innovative soil and substrate solutions, and advancing sustainable practices that deliver both environmental and economic value, investing in properties across the United States that are intended for future development into green single-family or multifamily housing projects and expanding into the production of sustainable, high-margin potting media and soil substrates through advanced milling technology.
These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, and expected future developments, as well as other factors the Company believes are appropriate under the circumstances. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to scale high-margin soil products, sustainable substrates, and regenerative land-use solutions through our engineered soils facilities, organics processing capabilities, and logistics infrastructure, the Company’s ability to expand production capacity, develop innovative soil and substrate solutions, and advance sustainable practices that deliver both environmental and economic value, the Company’s ability to maintain adequate liquidity and working capital, the Company’s reliance on third-party technologies and partners, the availability and cost of feedstock and other inputs, market acceptance of engineered growing media products, general economic and market conditions, and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
For investor inquiries, please email
info@sgdevco.com
FAQ
When will Safe and Green Development Corp change its name and ticker to RenX Enterprises Corp (RENX)?
Do shareholders need to exchange their stock certificates after the RenX (RENX) name change?
Will the CUSIP for Safe and Green Development Corp change after the rebrand to RenX (RENX)?
What business focus does RenX Enterprises Corp (RENX) plan after the rebranding?
What will be RenX Enterprises Corp’s investor website after the December 19, 2025 change?
Will the listing venue change when Safe and Green Development Corp becomes RenX (RENX)?
