View ValuationRenX Enterprises 향후 성장Future 기준 점검 2/6RenX Enterprises은 연간 수입과 매출이 각각 53.9%와 44.1% 증가할 것으로 예상되고 EPS는 연간 119.9%만큼 증가할 것으로 예상됩니다.핵심 정보53.9%이익 성장률119.86%EPS 성장률Real Estate 이익 성장27.1%매출 성장률44.1%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트02 Apr 2026최근 향후 성장 업데이트공시 • Apr 24Renx Enterprises Corp. Provides Earnings Guidance for the quarter ended March 31, 2026RenX Enterprises Corp. provided earnings guidance for the quarter ended March 31, 2026. For the quarter, the company expects to report revenue in excess of $3.5 million for the first quarter of 2026, reflecting sequential growth over the fourth quarter of 2025. The expected growth reflects anticipated stronger material sales at the Company’s Myakka City organics processing facility and an expected meaningful step-up in logistics revenue across the Company’s transportation operations.공시 • Aug 19Safe and Green Development Corporation Provides Earnings Guidance for the Thirds Quarter 2025Safe and Green Development Corporation provided earnings guidance for the thirds quarter 2025, For the quarter, company expected approximately $4 million in revenue, reflecting the first full quarter of operations with Resource Group.모든 업데이트 보기Recent updates공시 • May 07RenX Enterprises Corp., Annual General Meeting, Jun 12, 2026RenX Enterprises Corp., Annual General Meeting, Jun 12, 2026. Location: 1271 avenue of the americas, 16th floor, new york, 10020, United States공시 • Apr 24Renx Enterprises Corp. Provides Earnings Guidance for the quarter ended March 31, 2026RenX Enterprises Corp. provided earnings guidance for the quarter ended March 31, 2026. For the quarter, the company expects to report revenue in excess of $3.5 million for the first quarter of 2026, reflecting sequential growth over the fourth quarter of 2025. The expected growth reflects anticipated stronger material sales at the Company’s Myakka City organics processing facility and an expected meaningful step-up in logistics revenue across the Company’s transportation operations.공시 • Apr 02RenX Enterprises Corp. announced delayed annual 10-K filingOn 04/01/2026, RenX Enterprises Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.공시 • Feb 18RenX Enterprises Corp. announced that it has received $6.042985 million in fundingOn February 17, 2026, RenX Enterprises Corp. closed the transaction. The notes mature 13 months from their date of issuance (March 24, 2027). The company paid cash fee equal to 7% ($423,008.9773) of the aggregate gross proceeds of the Private Placement, and (ii) up to $50,000 for legal fees and other out-of-pocket expenses.공시 • Feb 14RenX Enterprises Corp. announced that it expects to receive $6 million in fundingRenX Enterprises Corp. entered into a securities purchase agreement for a private investment to issue Senior Convertible Note in the aggregate principal amount of $6 million for the proceeds of $6 million on February 13, 2026. The Notes will bear interest at a rate of 12% per annum, will mature 13 months from the date of issuance and will be convertible at the option of the holder at a fixed conversion price of $0.281 per share. In connection with the PIPE financing, the Company will also issue warrants and will have a term of six years and will be exercisable at a price of $0.15594 per share..The PIPE financing is expected to close on or about February 13, 2026, subject to the satisfaction of customary closing conditions.Reported Earnings • Nov 17Third quarter 2025 earnings released: US$1.12 loss per share (vs US$2.61 loss in 3Q 2024)Third quarter 2025 results: US$1.12 loss per share. Revenue: US$3.52m (up US$3.43m from 3Q 2024). Net loss: US$4.35m (loss widened 86% from 3Q 2024).Board Change • Nov 15High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Member of Advisory Board Jordan Bem is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Oct 21Safe and Green Development Corporation has withdrawn its Follow-on Equity Offering in the amount of $8 million.Safe and Green Development Corporation has withdrawn its Follow-on Equity Offering in the amount of $8 million. Security Name: Preferred Stock Security Type: Preferred Stock Securities Offered: 320,000 Price\Range: $25 Discount Per Security: $1.875 Security Features: Convertible공시 • Oct 17Safe and Green Development Corporation announced that it expects to receive $9 million in fundingSafe and Green Development Corporation announced a private placement and entered into a security purchase agreement to issue 360,000 shares of the Company’s Series B Non-Voting Convertible Preferred Stock at a price of $25 and common warrants to purchase up to 6,617,647 shares of common stock for aggregate gross proceeds of $9,000,000 on October 16, 2025. The Preferred shares are convertible into 6,617,647 shares of common stock at a conversion price of $1.36 per share. The warrants have an exercise price of $1.36 per share. The transaction is subject to shareholders approval and is expected to close on or about October 17, 2025. The securities will be offered and sold under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”) and/or Regulation D promulgated thereunder.공시 • Sep 27Safe and Green Development Corporation has filed a Follow-on Equity Offering in the amount of $8 million.Safe and Green Development Corporation has filed a Follow-on Equity Offering in the amount of $8 million. Security Name: Preferred Stock Security Type: Preferred Stock Securities Offered: 320,000 Price\Range: $25 Discount Per Security: $1.875 Security Features: Convertible공시 • Sep 10Safe and Green Development Corporation, Annual General Meeting, Sep 29, 2025Safe and Green Development Corporation, Annual General Meeting, Sep 29, 2025. Location: blank rome llp, 1271 avenue of the americas, 16th floor, new york United States공시 • Aug 19Safe and Green Development Corporation Provides Earnings Guidance for the Thirds Quarter 2025Safe and Green Development Corporation provided earnings guidance for the thirds quarter 2025, For the quarter, company expected approximately $4 million in revenue, reflecting the first full quarter of operations with Resource Group.공시 • Aug 16Safe and Green Development Corporation announced delayed 10-Q filingOn 08/15/2025, Safe and Green Development Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Jun 20Safe and Green Development Corporation Announces Changes to Its BoardOn Friday June 20, 2025, Safe and Green Development Corporation announced the appointment of three new members to its Board of Directors, effective immediately. These appointments follow the successful completion of the Company’s acquisition of Resource Group US Holdings LLC and represent a strategic step in furthering SGD’s commitment to operational growth, innovation, and development. The newly elected directors, Bjarne Borg, James D. Burnham, and Anthony M. Cialone, bring decades of combined experience across real estate development, environmental engineering, private equity, and renewable technologies. Bjarne Borg serves as the Executive Chairman of Index Investment Group, which he co-founded in 1998. With over 35 years of experience in managing start-ups and multinational corporations, Mr. Borg focuses on real estate, renewable energy, and disruptive equity investments. James D. Burnham has served as the President of JDB Consulting Services Inc. since October 2003. He has over 30 years of experience in mergers and acquisitions and project development. Anthony M. Cialone currently serves as President and Chief Operating Officer of Resource Group US, LLC, a position he has held since January 2019. Mr. Cialone brings over 30 years of executive leadership experience, with a strong track record in corporate operations, risk management, and strategic planning. Mr. Cialone holds a Bachelor of Science in Economics and Finance and a Master of Business Administration in Corporate Finance, both from Fordham University. In addition, he has completed advanced coursework and executive education programs at Harvard Business School Online, MIT Professional Education, New York University, and the Stanford Graduate School of Business, earning certificates in Business Strategy, Entrepreneurship & Innovation, Finance & Accounting, Leadership & Management, Life Cycle Assessment, Sustainable Infrastructure Systems, and Chief Sustainability Officer Training, among others.공시 • Jun 04Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Resource Group US LLC from a group of shareholders.Safe and Green Development Corporation (NasdaqCM:SGD) entered into a definitive agreement to acquire Resource Group US LLC from a group of shareholders on February 25, 2025. As part of consideration, Safe and Green Development will pay $0.48 million in cash, the issuance of 19% shares of SGD restricted common stock at closing and a convertible note in an amount to be determined at Closing, convertible into shares of SGD Restricted Common Stock subject to the receipt of SGD Shareholder Approval Post-Closing in accordance with Nasdaq rules. Executive Management: David Villarreal and Nicolai Brune will remain as the Chief Executive Officer and Chief Financial Officer of the public company. The newly acquired subsidiary, RSG, will keep its current management in place. The Safe and Green Development will effectuate a name change and trade under a new symbol on the NASDAQ Capital Market after the closing of the transaction. The Board will be organized such that 4 directors from SGD will stay on and RSG will appoint 3 directors for a total of 7 directors. The Safe and Green Development board of directors unanimously approved this transaction after reviewing a fairness opinion, internal and third party buy-side due diligence and a GAAP review of financials. The transaction is subject to customary closing conditions and the completion of Resource Group's audit. The transaction is expected to close early in the second quarter of 2025. The acquisition is expected to add significant cashflow from Resource Group's waste-to-value composting business. Justyn Kasierski and Joshua Hayes of Hutchison PLLC acted as legal counsels for Resource Group and Leslie Marlow of Blank Rome LLP acted as legal counsel for Safe and Green Development Corporation. Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Resource Group US LLC from a group of shareholders on June 3, 2025. In connection with the closing of the acquisition of Resource Group, SGD issued to the members of Resource Group (the "Equityholders") an aggregate of: (i) 376,818 shares of SGD's common stock, representing 19.99% of SGD's issued and outstanding shares on the initial execution date of the Resource Group Membership Interest Purchase Agreement; (ii) 1,500,000 shares of a newly designated series of non-voting Series A Convertible Preferred Stock (the "Series A Preferred Stock") (which, subject to the approval of SGD's stockholders, will be convertible into 9,000,000 restricted shares of SGD's common stock); and (iii) $480,000 in principal amount of unsecured 6% promissory notes due on the first anniversary of the closing. In addition, SGD agreed to issue an additional 41,182 shares of SGD's common stock, subject to the approval of SGD's stockholders.New Risk • May 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.5m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (167% increase in shares outstanding). Revenue is less than US$1m (US$208k revenue). Market cap is less than US$10m (US$1.76m market cap).Board Change • Mar 26High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director J. Scott Magrane was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Feb 19Safe and Green Development Regains Compliance with Stockholder's Equity RequirementOn February 14, 2025, Safe and Green Development Corporation (the Company") received a letter from The Nasdaq Stock Market (Nasdaq") stating that based on the Company's Form 8-K, as filed with the Securities and Exchange Commission on February 12, 2025, Nasdaq has determined that the Company now complies with the stockholders' equity requirement as set in Nasdaq Listing Rule 5550(b)(1). As previously reported, on August 26, 2024, the Company had received a letter from Nasdaq stating that the Company did not comply with the minimum $2.5 million stockholders' equity, $35 million market value of listed securities, or $500,000 in net income from continuing operations requirements for continued listing on The Nasdaq Capital Market as set in Nasdaq Listing Rules 5550(b)(1), 5550(b)(2), or 5550(b)(3), respectively. Nasdaq will continue to monitor the Company's ongoing compliance with the continued listing requirements for The Nasdaq Capital Market and, if at the time of its next periodic report the Company does not evidence compliance it may be subject to delisting.공시 • Feb 13Safe and Green Development Corporation Provides Update on Non-ComplianceAs previously reported, on August 26, 2024, Safe and Green Development Corporation received a letter from The Nasdaq Stock Market (Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the Rule") because the stockholders' equity of the Company of $2,018,263 as of June 30, 2024, as reported in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the SEC") on August 14, 2024, was below the minimum requirement of $2,500,000 (the stockholders' equity requirement"). As of the date of this Current Report on Form 8-K, the Company does not have a market value of listed securities of $35 million, or net income from continued operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years, the alternative quantitative standards for continued listing on the Nasdaq Capital Market. Pursuant to Nasdaq's Listing Rules, the Company submitted to Nasdaq a plan to evidence compliance with the Rule (a Compliance Plan") and requested an extension through February 24, 2025 to evidence compliance with the Rule. In its Submission, the Company outlined multiple initiatives (the Initiatives") to evidence and sustain compliance with the Rule which included negotiating the sale of certain land parcels and working on independent and joint business development. Based on the Company's submission on January 22, 2025, the Company received written notification from Nasdaq granting the Company's request for an extension through February 24, 2025 to evidence compliance with the Rule. The terms of the extension are as follows: on or before February 24, 2025, the Company must complete a significant portion of its Initiatives and may evidence compliance with the Rule by furnishing to the SEC and Nasdaq a publicly available report including: 1. A disclosure of Staff's deficiency letter and the specific deficiency(ies) cited; 2. A description of the completed transaction or event that enabled the Company to satisfy the stockholders' equity requirement for continued listing; 3. An affirmative statement that, as of the date of the report, the Company believes it has regained compliance with the stockholders' equity requirement based upon the specific transaction or event referenced in Step 2; and 4. A disclosure stating that Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, that it may be subject to delisting. The Company believes that it has regained compliance with the stockholders' equity requirement as a result of the sale to JDI of its LLC Interest in JDI-Cumberland set under Item 1.01 above of this Current Report on Form 8-K. Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance it may be subject to delisting.공시 • Jan 07Safe and Green Development Corporation Lists Sugar Phase 1 Homes for Sale for Combined Price of over $1 MillionSafe and Green Development Corporation announced that its first 5 homes from the Sugar Phase 1 development are nearing completion and have all been listed for sale. In the development of these homes, the Company has undertaken serious consideration for the current regional housing affordability issues and accordingly created a value proposition for both the buyers benefit and the Company's objectives as well in having sound and positive financial results from the sales of these homes. The Company is utilizing a multi-agent strategy in addition to its in-house technology to facilitate the sale of the homes. The Company additionally expects to leverage its partnerships for mortgage services as well as down payment assistance to increase the margins on each home sold.공시 • Nov 26Safe and Green Development Corporation Reaches 50% Completion Milestone for Sugar Phase I ProjectSafe and Green Development Corporation announced a significant milestone in the progress of its Sugar Phase I project in South Texas . The Company has successfully completed 50% of the Project, marking a critical step in its construction timeline. The Project, now halfway through its construction, is an integral part of SG Devco's strategy to deliver high-quality single-family homes in rapidly growing communities. The Project is on track for completion before the end of 2024, reinforcing SG Devco's commitment to meeting housing demands and delivering on its development objectives. With this milestone achieved, the Company is launching its marketing campaign to sell the homes in the Sugar Phase I Project. SG Devco will leverage its proprietary digital platform and tools to enhance the homebuying process. The platform seeks to simplify the homebuying experience for SG Devco homes by seamlessly incorporating mortgage services and down payment assistance.New Risk • Nov 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.8m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (97% increase in shares outstanding). Revenue is less than US$1m (US$173k revenue). Market cap is less than US$10m (US$2.61m market cap).공시 • Oct 29Safe and Green Development Corporation Provides Construction Update on Sugar Phase I Project in South TexasSafe and Green Development Corporation announced the start of construction on its Sugar Phase I project in South Texas. Following the recent completion of all required site work and receipt of necessary elevation certificates and permits, SG Devco has officially broken ground on this first phase, which will consist of 5 single-family homes. This marks an important step forward for SG Devco's plan to bring high-quality housing to South Texas communities. With the foundation now poured, framing is expected to be completed later this week as construction progresses rapidly.공시 • Oct 24Safe and Green Development Regains Compliance with Nasdaq's Minimum Bid Price Requirement Under Listing Rule 5550(a)(2)Safe and Green Development Corporation (‘the Company’) announced that it has received formal notice from The Nasdaq Stock Market LLC (‘Nasdaq’) confirming that the Company has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). ‘We are pleased to have regained compliance with Nasdaq's listing standards, which reflects our commitment to enhancing shareholder value and ensuring the long-term growth of the Company,’ said David Villarreal, Chief Executive Officer of Safe and Green Development Corporation. ‘We will continue to focus on executing our strategic initiatives and delivering sustainable results for our investors’.공시 • Oct 04Safe and Green Development Announces 1-for-20 Reverse Stock Split to Bring it into Compliance with the Minimum Bid Price RequirementSafe and Green Development Corporation (‘SG DevCo’) announced that it will effect a 1-for-20 reverse stock split (‘reverse split’) of its common stock, par value $0.001 per share (‘Common Stock’), that will become effective at 12:01 a.m. Eastern Time on October 8, 2024. The Company's Common Stock will continue to trade on the Nasdaq Capital Market (‘Nasdaq’) under the symbol ‘SGD’ and will begin trading on a split-adjusted basis when the Nasdaq opens on October 8, 2024 (‘Effective Time’). The new CUSIP number for the Common Stock following the reverse split will be 78637J204. The reverse split is intended to bring the Company into compliance with the minimum bid price requirement for maintaining the listing of its Common Stock on the Nasdaq Capital Market, and to make the bid price more attractive to a broader group of institutional and retail investors. The Nasdaq Capital Market requires, among other things, that a listed company's common stock maintain a minimum bid price of at least $1.00 per share.공시 • Aug 31Safe and Green Development Receives Non-Compliance Letter from Nasdaq Due to Non-Compliance with Nasdaq Listing Rule 5550(b)(1)On August 26, 2024, Safe and Green Development Corporation (the ‘Company’) received a letter (the ‘Notification Letter’) from The Nasdaq Stock Market (‘Nasdaq’) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the ‘Rule’) because the stockholders’ equity of the Company of $2,018,263 as of June 30, 2024, as reported in the Company’s Quarterly Report on Form 10-Q filed with the SEC on August 14, 2024, was below the minimum requirement of $2,500,000 (the ‘Stockholders’ Equity Requirement’). As of the date of this Current Report on Form 8-K, the Company does not have a market value of listed securities of $35 million, or net income from continued operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years, the alternative quantitative standards for continued listing on the Nasdaq Capital Market. The notification received has no immediate effect on the Company's continued listing on the Nasdaq Capital Market, subject to the Company's compliance with the other continued listing requirements. Pursuant to Nasdaq’s Listing Rules, the Company has 45 calendar days (until October 10, 2024), to submit a plan to evidence compliance with the Rule (a ‘Compliance Plan’). The Company intends to submit a Compliance Plan within the required time, although there can be no assurance that the Compliance Plan will be accepted by Nasdaq. If the Compliance Plan is accepted by Nasdaq, the Company will be granted an extension of up to 180 calendar days from August 26, 2024 to evidence compliance with the Rule. In the event the Compliance Plan is not accepted by Nasdaq, or in the event the Compliance Plan is accepted but the Company fails to evidence compliance within the extension period, the Company will have the right to a hearing before Nasdaq’s Hearing Panel. The hearing request would stay any suspension or delisting action pending the conclusion of the hearing process and the expiration of any additional extension period granted by the panel following the hearing. The Company intends to submit the Compliance Plan on or before October 10, 2024, monitor its stockholders’ equity and, if appropriate, consider further available options to evidence compliance with the Stockholders’ Equity Requirement. The notification is separate from, and in addition to, the previously disclosed deficiency letter that the Company received from the Staff on April 25, 2024 stating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the Company’s common stock did not maintain a minimum closing bid price of $1.00 for the preceding 30 consecutive business days (March 14, 2024 through April 24, 2024).공시 • Aug 15Safe and Green Development Corporation announced that it has received $10 million in funding from Arena Investors, LPSafe and Green Development Corporation announced that it has closed a strategic purchase agreement for the gross proceeds of $10 million on August 14, 2024. The transaction included participation from new investors, Arena Investors, LP.공시 • Jul 24Safe and Green Development Provides Non-Compliance UpdateOn July 22, 2024, Safe and Green Development Corporation received a letter from The Nasdaq Stock Market stating that based on the Quarterly Report on Form 10-Q that the Company filed with the Securities and Exchange Commission for the period ended March 31, 2024, and the Company’s submission to the Staff, dated May 29, 2024, it determined that the Company was in compliance with Nasdaq Listing Rule 5550(b)(1). The letter further stated that if the Company fails to evidence compliance with the Rule upon filing its next periodic report it may be subject to delisting. At that time, Nasdaq staff will provide written notification to the Company, which may then appeal the staff’s determination to a Nasdaq Hearings Panel.공시 • May 24Safe and Green Development Corporation, Annual General Meeting, Jul 02, 2024Safe and Green Development Corporation, Annual General Meeting, Jul 02, 2024. Location: the offices of blank rome llp, 1271 avenue of the americas, 16th floor, new york 10020., new york United StatesNew Risk • May 23New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.4m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Revenue is less than US$1m (US$50k revenue). Market cap is less than US$10m (US$9.06m market cap).공시 • May 09Safe and Green Development Corporation (NasdaqCM:SGD) entered into an agreement to acquire MyVONIA for $0.25 million.Safe and Green Development Corporation (NasdaqCM:SGD) entered into an agreement to acquire MyVONIA for $0.25 million on May 7, 2024. Under the terms of the agreement, the purchase price will consist of up to 500,000 shares of SGD restricted common stock, 200,000 shares will be issued at closing and up to 300,000 shares will be earned and issued if certain milestones are achieved. SGD plans to integrate MyVONIA into its Xene AI Platform real estate platform. The transaction is subject to certain closing conditions. Closing is expected during the second quarter of 2024.공시 • Apr 24Safe and Green Development Corporation Launches XENE Home AI PlatformSafe and Green Development Corporation announced that the Xene Home Platform has launched. Xene is designed to assist customers, including buyers and sellers, real estate agents, lawyers, accountants and title companies in many facets of various real estate transactions by enhancing the transaction process with cost-efficiencies and dramatically reduced transaction fees in a range of just 1.99% to 3.99%. This lower cost, in of itself is expected to provide a cost-effective pathway to homeownership and a process that puts consumers back in the driver's seat. Real estate investors and prospective home buyers and sellers who register for membership to the Xene Home Platform will secure access to XENE's foreclosure listings and 'Buy It Now' properties, designed to provide a strategic edge in property investment. Licensed real estate professionals who join the Xene Home Platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive training/certification tools, all of which are intended to enhance such professional's portfolio and expand their business reach. The company plans to introduce continuous advancements in AI technology, beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities. The company intends to progressively unveil new functionalities that redefine the technological landscape of real estate through updates and new solutions. The two first tools to be released later this week to members of the platform are the AI Lister and the AI.New Risk • Apr 09New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.6m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$10.8m market cap).공시 • Apr 05Safe and Green Development Corporation Announces Launch of Xene Home AI BetaSafe and Green Development Corporation announced the Beta launch of the Xene AI Platform for the Real Estate industry. During the beta launch phase those who signed up on the waiting list to test the platform's innovative features will be granted early access to the platform to provide valuable feedback before the official launch to the entire real estate industry licensee base and public. This phase will allow stakeholders to enjoy access to the platform and discover some of the initial AI features of the platform. The fully developed platform is expected to launch in the coming weeks. XENE is designed to assist customers, including buyers and sellers, real estate agents, lawyers, accountants and title companies in many facets of various real estate transactions by enhancing the transaction process with cost-efficiencies and reduced transaction fees in a range of 1.99% to 3.99% per transaction. Licensed real estate professionals who join the Xene Home platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive certification tools, all of which are intended to enhance the industry professional's portfolio and both enhance and expand their business reach and performance metrics. The Company plans to introduce advancements in AI real estate technology following the launch. Additionally, the company intends to progressively unveil new functionalities currently being tested that redefine the technological landscape of real estate transactions.공시 • Mar 13Safe and Green Development Corp Launches Xene AI Exclusive Waiting ListSafe and Green Development Corporation announced an update to the previously announced launch of the Xene Home platform. In anticipation of the launch scheduled for the end of March, the company announced the establishment of an exclusive waiting list. This initiative has been created to provide real estate professionals, investors, as well as prospective home buyers and sellers, with early access to the company's XENE Home platform. The company plans to introduce continuous advancements in AI technology following the launch. Beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities, the company intends to gradually unveil new functionalities that redefine the technological landscape of real estate throughout the year. For home buyers and sellers, XENE promises a new era of cost-efficiency with transaction fees dramatically reduced to a range of just 1.99% to 3.99%, providing a cost-effective pathway to homeownership and a process that puts consumers back in the driver's seat. Licensed real estate professionals who join the Xene Home platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive training/certification tools, all of which are intended to enhance such professional's portfolio and expand their business reach.공시 • Feb 09Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Majestic World Holdings, LLC for $1.6 million.Safe and Green Development Corporation (NasdaqCM:SGD) has signed a non-binding Letter of Intent to acquire unknow stake in Majestic World Holdings, LLC on November 21, 2023. As of January 4, 2024, Safe and Green Development Corporation has negotiated a complete acquisition of Majestic World Holdings, LLC. Transaction is subjected to approval by the Board of Directors and execution of definitive documents. The acquisition is expected to close by the end of the first quarter 2024. Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Majestic World Holdings, LLC for $1.6 million on February 8, 2024. The purchase price for the acquisition consists of an aggregate of $500,000 in cash to be paid over 5 quarters and 500,000 shares of Safe and Green Development Corporation restricted stock valued at $1.075 million, or $2.15 per share. Under the terms of the agreement, Matthew Barstow, MWH Chief executive Officer & President will become Senior Vice President of Innovation at Safe and Green Development Corporation.New Risk • Jan 17New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$8.70m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (70% average daily change). Revenue is less than US$1m. Market cap is less than US$10m (US$8.70m market cap).Board Change • Dec 31High number of new and inexperienced directorsThere are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Chairman Paul Galvin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Dec 02Safe and Green Development Corporation announced that it expects to receive $1.2 million in funding from Peak One Investments, LLCSafe and Green Development Corporation announced that it has entered into a Securities Purchase Agreement with new investor, Peak One Opportunity Fund, L.P. managed by Peak One Investments, LLC, pursuant to which the Company agreed to issue 8% convertible debenture in the aggregate principal amount of $1,200,000 on November 30, 2023. The Debenture matures twelve months from its date of issuance and bear interest at a rate of 8% per annum payable on the maturity date. The Debenture is convertible, at the option of the holder, at any time, into such number of shares of common stock of the Company equal to the principal amount of the Debenture plus all accrued and unpaid interest at a conversion price equal to $2.14 , subject to adjustment for any stock splits, stock dividends, recapitalizations and similar events, as well as anti-dilution price protection provisions that are subject to a floor price as set forth in the Debenture. On the same day, the company issued an 8% convertible debenture in principal amount of $700,000 in its first tranche.Board Change • Sep 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Jeff Tweedy was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측NasdaqCM:RENX - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202726-10N/AN/A112/31/202617-15N/AN/A13/31/202612-27-13-8N/A12/31/20258-20-11-7N/A9/30/20255-14-2-1N/A6/30/20252-12-2-1N/A3/31/20250-8-3-3N/A12/31/20240-9-3-3N/A9/30/20240-9-2-2N/A6/30/20240-8-4-4N/A3/31/20240-6-4-4N/A12/31/2023N/A-4-5-5N/A9/30/2023N/A-4-5-5N/A6/30/2023N/A-3-3-4N/A3/31/2023N/A-3-2-3N/A12/31/2022N/A-2-3-2N/A9/30/2022N/A-2-2-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: RENX 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: RENX 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: RENX 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: RENX 의 수익(연간 44.1%)이 US 시장(연간 11.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: RENX 의 수익(연간 44.1%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: RENX의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate-management-and-development 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 04:38종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스RenX Enterprises Corp.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Brian LantierZacks Small-Cap Research
공시 • Apr 24Renx Enterprises Corp. Provides Earnings Guidance for the quarter ended March 31, 2026RenX Enterprises Corp. provided earnings guidance for the quarter ended March 31, 2026. For the quarter, the company expects to report revenue in excess of $3.5 million for the first quarter of 2026, reflecting sequential growth over the fourth quarter of 2025. The expected growth reflects anticipated stronger material sales at the Company’s Myakka City organics processing facility and an expected meaningful step-up in logistics revenue across the Company’s transportation operations.
공시 • Aug 19Safe and Green Development Corporation Provides Earnings Guidance for the Thirds Quarter 2025Safe and Green Development Corporation provided earnings guidance for the thirds quarter 2025, For the quarter, company expected approximately $4 million in revenue, reflecting the first full quarter of operations with Resource Group.
공시 • May 07RenX Enterprises Corp., Annual General Meeting, Jun 12, 2026RenX Enterprises Corp., Annual General Meeting, Jun 12, 2026. Location: 1271 avenue of the americas, 16th floor, new york, 10020, United States
공시 • Apr 24Renx Enterprises Corp. Provides Earnings Guidance for the quarter ended March 31, 2026RenX Enterprises Corp. provided earnings guidance for the quarter ended March 31, 2026. For the quarter, the company expects to report revenue in excess of $3.5 million for the first quarter of 2026, reflecting sequential growth over the fourth quarter of 2025. The expected growth reflects anticipated stronger material sales at the Company’s Myakka City organics processing facility and an expected meaningful step-up in logistics revenue across the Company’s transportation operations.
공시 • Apr 02RenX Enterprises Corp. announced delayed annual 10-K filingOn 04/01/2026, RenX Enterprises Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
공시 • Feb 18RenX Enterprises Corp. announced that it has received $6.042985 million in fundingOn February 17, 2026, RenX Enterprises Corp. closed the transaction. The notes mature 13 months from their date of issuance (March 24, 2027). The company paid cash fee equal to 7% ($423,008.9773) of the aggregate gross proceeds of the Private Placement, and (ii) up to $50,000 for legal fees and other out-of-pocket expenses.
공시 • Feb 14RenX Enterprises Corp. announced that it expects to receive $6 million in fundingRenX Enterprises Corp. entered into a securities purchase agreement for a private investment to issue Senior Convertible Note in the aggregate principal amount of $6 million for the proceeds of $6 million on February 13, 2026. The Notes will bear interest at a rate of 12% per annum, will mature 13 months from the date of issuance and will be convertible at the option of the holder at a fixed conversion price of $0.281 per share. In connection with the PIPE financing, the Company will also issue warrants and will have a term of six years and will be exercisable at a price of $0.15594 per share..The PIPE financing is expected to close on or about February 13, 2026, subject to the satisfaction of customary closing conditions.
Reported Earnings • Nov 17Third quarter 2025 earnings released: US$1.12 loss per share (vs US$2.61 loss in 3Q 2024)Third quarter 2025 results: US$1.12 loss per share. Revenue: US$3.52m (up US$3.43m from 3Q 2024). Net loss: US$4.35m (loss widened 86% from 3Q 2024).
Board Change • Nov 15High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Member of Advisory Board Jordan Bem is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Oct 21Safe and Green Development Corporation has withdrawn its Follow-on Equity Offering in the amount of $8 million.Safe and Green Development Corporation has withdrawn its Follow-on Equity Offering in the amount of $8 million. Security Name: Preferred Stock Security Type: Preferred Stock Securities Offered: 320,000 Price\Range: $25 Discount Per Security: $1.875 Security Features: Convertible
공시 • Oct 17Safe and Green Development Corporation announced that it expects to receive $9 million in fundingSafe and Green Development Corporation announced a private placement and entered into a security purchase agreement to issue 360,000 shares of the Company’s Series B Non-Voting Convertible Preferred Stock at a price of $25 and common warrants to purchase up to 6,617,647 shares of common stock for aggregate gross proceeds of $9,000,000 on October 16, 2025. The Preferred shares are convertible into 6,617,647 shares of common stock at a conversion price of $1.36 per share. The warrants have an exercise price of $1.36 per share. The transaction is subject to shareholders approval and is expected to close on or about October 17, 2025. The securities will be offered and sold under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”) and/or Regulation D promulgated thereunder.
공시 • Sep 27Safe and Green Development Corporation has filed a Follow-on Equity Offering in the amount of $8 million.Safe and Green Development Corporation has filed a Follow-on Equity Offering in the amount of $8 million. Security Name: Preferred Stock Security Type: Preferred Stock Securities Offered: 320,000 Price\Range: $25 Discount Per Security: $1.875 Security Features: Convertible
공시 • Sep 10Safe and Green Development Corporation, Annual General Meeting, Sep 29, 2025Safe and Green Development Corporation, Annual General Meeting, Sep 29, 2025. Location: blank rome llp, 1271 avenue of the americas, 16th floor, new york United States
공시 • Aug 19Safe and Green Development Corporation Provides Earnings Guidance for the Thirds Quarter 2025Safe and Green Development Corporation provided earnings guidance for the thirds quarter 2025, For the quarter, company expected approximately $4 million in revenue, reflecting the first full quarter of operations with Resource Group.
공시 • Aug 16Safe and Green Development Corporation announced delayed 10-Q filingOn 08/15/2025, Safe and Green Development Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Jun 20Safe and Green Development Corporation Announces Changes to Its BoardOn Friday June 20, 2025, Safe and Green Development Corporation announced the appointment of three new members to its Board of Directors, effective immediately. These appointments follow the successful completion of the Company’s acquisition of Resource Group US Holdings LLC and represent a strategic step in furthering SGD’s commitment to operational growth, innovation, and development. The newly elected directors, Bjarne Borg, James D. Burnham, and Anthony M. Cialone, bring decades of combined experience across real estate development, environmental engineering, private equity, and renewable technologies. Bjarne Borg serves as the Executive Chairman of Index Investment Group, which he co-founded in 1998. With over 35 years of experience in managing start-ups and multinational corporations, Mr. Borg focuses on real estate, renewable energy, and disruptive equity investments. James D. Burnham has served as the President of JDB Consulting Services Inc. since October 2003. He has over 30 years of experience in mergers and acquisitions and project development. Anthony M. Cialone currently serves as President and Chief Operating Officer of Resource Group US, LLC, a position he has held since January 2019. Mr. Cialone brings over 30 years of executive leadership experience, with a strong track record in corporate operations, risk management, and strategic planning. Mr. Cialone holds a Bachelor of Science in Economics and Finance and a Master of Business Administration in Corporate Finance, both from Fordham University. In addition, he has completed advanced coursework and executive education programs at Harvard Business School Online, MIT Professional Education, New York University, and the Stanford Graduate School of Business, earning certificates in Business Strategy, Entrepreneurship & Innovation, Finance & Accounting, Leadership & Management, Life Cycle Assessment, Sustainable Infrastructure Systems, and Chief Sustainability Officer Training, among others.
공시 • Jun 04Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Resource Group US LLC from a group of shareholders.Safe and Green Development Corporation (NasdaqCM:SGD) entered into a definitive agreement to acquire Resource Group US LLC from a group of shareholders on February 25, 2025. As part of consideration, Safe and Green Development will pay $0.48 million in cash, the issuance of 19% shares of SGD restricted common stock at closing and a convertible note in an amount to be determined at Closing, convertible into shares of SGD Restricted Common Stock subject to the receipt of SGD Shareholder Approval Post-Closing in accordance with Nasdaq rules. Executive Management: David Villarreal and Nicolai Brune will remain as the Chief Executive Officer and Chief Financial Officer of the public company. The newly acquired subsidiary, RSG, will keep its current management in place. The Safe and Green Development will effectuate a name change and trade under a new symbol on the NASDAQ Capital Market after the closing of the transaction. The Board will be organized such that 4 directors from SGD will stay on and RSG will appoint 3 directors for a total of 7 directors. The Safe and Green Development board of directors unanimously approved this transaction after reviewing a fairness opinion, internal and third party buy-side due diligence and a GAAP review of financials. The transaction is subject to customary closing conditions and the completion of Resource Group's audit. The transaction is expected to close early in the second quarter of 2025. The acquisition is expected to add significant cashflow from Resource Group's waste-to-value composting business. Justyn Kasierski and Joshua Hayes of Hutchison PLLC acted as legal counsels for Resource Group and Leslie Marlow of Blank Rome LLP acted as legal counsel for Safe and Green Development Corporation. Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Resource Group US LLC from a group of shareholders on June 3, 2025. In connection with the closing of the acquisition of Resource Group, SGD issued to the members of Resource Group (the "Equityholders") an aggregate of: (i) 376,818 shares of SGD's common stock, representing 19.99% of SGD's issued and outstanding shares on the initial execution date of the Resource Group Membership Interest Purchase Agreement; (ii) 1,500,000 shares of a newly designated series of non-voting Series A Convertible Preferred Stock (the "Series A Preferred Stock") (which, subject to the approval of SGD's stockholders, will be convertible into 9,000,000 restricted shares of SGD's common stock); and (iii) $480,000 in principal amount of unsecured 6% promissory notes due on the first anniversary of the closing. In addition, SGD agreed to issue an additional 41,182 shares of SGD's common stock, subject to the approval of SGD's stockholders.
New Risk • May 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.5m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (167% increase in shares outstanding). Revenue is less than US$1m (US$208k revenue). Market cap is less than US$10m (US$1.76m market cap).
Board Change • Mar 26High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director J. Scott Magrane was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Feb 19Safe and Green Development Regains Compliance with Stockholder's Equity RequirementOn February 14, 2025, Safe and Green Development Corporation (the Company") received a letter from The Nasdaq Stock Market (Nasdaq") stating that based on the Company's Form 8-K, as filed with the Securities and Exchange Commission on February 12, 2025, Nasdaq has determined that the Company now complies with the stockholders' equity requirement as set in Nasdaq Listing Rule 5550(b)(1). As previously reported, on August 26, 2024, the Company had received a letter from Nasdaq stating that the Company did not comply with the minimum $2.5 million stockholders' equity, $35 million market value of listed securities, or $500,000 in net income from continuing operations requirements for continued listing on The Nasdaq Capital Market as set in Nasdaq Listing Rules 5550(b)(1), 5550(b)(2), or 5550(b)(3), respectively. Nasdaq will continue to monitor the Company's ongoing compliance with the continued listing requirements for The Nasdaq Capital Market and, if at the time of its next periodic report the Company does not evidence compliance it may be subject to delisting.
공시 • Feb 13Safe and Green Development Corporation Provides Update on Non-ComplianceAs previously reported, on August 26, 2024, Safe and Green Development Corporation received a letter from The Nasdaq Stock Market (Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the Rule") because the stockholders' equity of the Company of $2,018,263 as of June 30, 2024, as reported in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the SEC") on August 14, 2024, was below the minimum requirement of $2,500,000 (the stockholders' equity requirement"). As of the date of this Current Report on Form 8-K, the Company does not have a market value of listed securities of $35 million, or net income from continued operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years, the alternative quantitative standards for continued listing on the Nasdaq Capital Market. Pursuant to Nasdaq's Listing Rules, the Company submitted to Nasdaq a plan to evidence compliance with the Rule (a Compliance Plan") and requested an extension through February 24, 2025 to evidence compliance with the Rule. In its Submission, the Company outlined multiple initiatives (the Initiatives") to evidence and sustain compliance with the Rule which included negotiating the sale of certain land parcels and working on independent and joint business development. Based on the Company's submission on January 22, 2025, the Company received written notification from Nasdaq granting the Company's request for an extension through February 24, 2025 to evidence compliance with the Rule. The terms of the extension are as follows: on or before February 24, 2025, the Company must complete a significant portion of its Initiatives and may evidence compliance with the Rule by furnishing to the SEC and Nasdaq a publicly available report including: 1. A disclosure of Staff's deficiency letter and the specific deficiency(ies) cited; 2. A description of the completed transaction or event that enabled the Company to satisfy the stockholders' equity requirement for continued listing; 3. An affirmative statement that, as of the date of the report, the Company believes it has regained compliance with the stockholders' equity requirement based upon the specific transaction or event referenced in Step 2; and 4. A disclosure stating that Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, that it may be subject to delisting. The Company believes that it has regained compliance with the stockholders' equity requirement as a result of the sale to JDI of its LLC Interest in JDI-Cumberland set under Item 1.01 above of this Current Report on Form 8-K. Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance it may be subject to delisting.
공시 • Jan 07Safe and Green Development Corporation Lists Sugar Phase 1 Homes for Sale for Combined Price of over $1 MillionSafe and Green Development Corporation announced that its first 5 homes from the Sugar Phase 1 development are nearing completion and have all been listed for sale. In the development of these homes, the Company has undertaken serious consideration for the current regional housing affordability issues and accordingly created a value proposition for both the buyers benefit and the Company's objectives as well in having sound and positive financial results from the sales of these homes. The Company is utilizing a multi-agent strategy in addition to its in-house technology to facilitate the sale of the homes. The Company additionally expects to leverage its partnerships for mortgage services as well as down payment assistance to increase the margins on each home sold.
공시 • Nov 26Safe and Green Development Corporation Reaches 50% Completion Milestone for Sugar Phase I ProjectSafe and Green Development Corporation announced a significant milestone in the progress of its Sugar Phase I project in South Texas . The Company has successfully completed 50% of the Project, marking a critical step in its construction timeline. The Project, now halfway through its construction, is an integral part of SG Devco's strategy to deliver high-quality single-family homes in rapidly growing communities. The Project is on track for completion before the end of 2024, reinforcing SG Devco's commitment to meeting housing demands and delivering on its development objectives. With this milestone achieved, the Company is launching its marketing campaign to sell the homes in the Sugar Phase I Project. SG Devco will leverage its proprietary digital platform and tools to enhance the homebuying process. The platform seeks to simplify the homebuying experience for SG Devco homes by seamlessly incorporating mortgage services and down payment assistance.
New Risk • Nov 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.8m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (97% increase in shares outstanding). Revenue is less than US$1m (US$173k revenue). Market cap is less than US$10m (US$2.61m market cap).
공시 • Oct 29Safe and Green Development Corporation Provides Construction Update on Sugar Phase I Project in South TexasSafe and Green Development Corporation announced the start of construction on its Sugar Phase I project in South Texas. Following the recent completion of all required site work and receipt of necessary elevation certificates and permits, SG Devco has officially broken ground on this first phase, which will consist of 5 single-family homes. This marks an important step forward for SG Devco's plan to bring high-quality housing to South Texas communities. With the foundation now poured, framing is expected to be completed later this week as construction progresses rapidly.
공시 • Oct 24Safe and Green Development Regains Compliance with Nasdaq's Minimum Bid Price Requirement Under Listing Rule 5550(a)(2)Safe and Green Development Corporation (‘the Company’) announced that it has received formal notice from The Nasdaq Stock Market LLC (‘Nasdaq’) confirming that the Company has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). ‘We are pleased to have regained compliance with Nasdaq's listing standards, which reflects our commitment to enhancing shareholder value and ensuring the long-term growth of the Company,’ said David Villarreal, Chief Executive Officer of Safe and Green Development Corporation. ‘We will continue to focus on executing our strategic initiatives and delivering sustainable results for our investors’.
공시 • Oct 04Safe and Green Development Announces 1-for-20 Reverse Stock Split to Bring it into Compliance with the Minimum Bid Price RequirementSafe and Green Development Corporation (‘SG DevCo’) announced that it will effect a 1-for-20 reverse stock split (‘reverse split’) of its common stock, par value $0.001 per share (‘Common Stock’), that will become effective at 12:01 a.m. Eastern Time on October 8, 2024. The Company's Common Stock will continue to trade on the Nasdaq Capital Market (‘Nasdaq’) under the symbol ‘SGD’ and will begin trading on a split-adjusted basis when the Nasdaq opens on October 8, 2024 (‘Effective Time’). The new CUSIP number for the Common Stock following the reverse split will be 78637J204. The reverse split is intended to bring the Company into compliance with the minimum bid price requirement for maintaining the listing of its Common Stock on the Nasdaq Capital Market, and to make the bid price more attractive to a broader group of institutional and retail investors. The Nasdaq Capital Market requires, among other things, that a listed company's common stock maintain a minimum bid price of at least $1.00 per share.
공시 • Aug 31Safe and Green Development Receives Non-Compliance Letter from Nasdaq Due to Non-Compliance with Nasdaq Listing Rule 5550(b)(1)On August 26, 2024, Safe and Green Development Corporation (the ‘Company’) received a letter (the ‘Notification Letter’) from The Nasdaq Stock Market (‘Nasdaq’) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the ‘Rule’) because the stockholders’ equity of the Company of $2,018,263 as of June 30, 2024, as reported in the Company’s Quarterly Report on Form 10-Q filed with the SEC on August 14, 2024, was below the minimum requirement of $2,500,000 (the ‘Stockholders’ Equity Requirement’). As of the date of this Current Report on Form 8-K, the Company does not have a market value of listed securities of $35 million, or net income from continued operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years, the alternative quantitative standards for continued listing on the Nasdaq Capital Market. The notification received has no immediate effect on the Company's continued listing on the Nasdaq Capital Market, subject to the Company's compliance with the other continued listing requirements. Pursuant to Nasdaq’s Listing Rules, the Company has 45 calendar days (until October 10, 2024), to submit a plan to evidence compliance with the Rule (a ‘Compliance Plan’). The Company intends to submit a Compliance Plan within the required time, although there can be no assurance that the Compliance Plan will be accepted by Nasdaq. If the Compliance Plan is accepted by Nasdaq, the Company will be granted an extension of up to 180 calendar days from August 26, 2024 to evidence compliance with the Rule. In the event the Compliance Plan is not accepted by Nasdaq, or in the event the Compliance Plan is accepted but the Company fails to evidence compliance within the extension period, the Company will have the right to a hearing before Nasdaq’s Hearing Panel. The hearing request would stay any suspension or delisting action pending the conclusion of the hearing process and the expiration of any additional extension period granted by the panel following the hearing. The Company intends to submit the Compliance Plan on or before October 10, 2024, monitor its stockholders’ equity and, if appropriate, consider further available options to evidence compliance with the Stockholders’ Equity Requirement. The notification is separate from, and in addition to, the previously disclosed deficiency letter that the Company received from the Staff on April 25, 2024 stating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the Company’s common stock did not maintain a minimum closing bid price of $1.00 for the preceding 30 consecutive business days (March 14, 2024 through April 24, 2024).
공시 • Aug 15Safe and Green Development Corporation announced that it has received $10 million in funding from Arena Investors, LPSafe and Green Development Corporation announced that it has closed a strategic purchase agreement for the gross proceeds of $10 million on August 14, 2024. The transaction included participation from new investors, Arena Investors, LP.
공시 • Jul 24Safe and Green Development Provides Non-Compliance UpdateOn July 22, 2024, Safe and Green Development Corporation received a letter from The Nasdaq Stock Market stating that based on the Quarterly Report on Form 10-Q that the Company filed with the Securities and Exchange Commission for the period ended March 31, 2024, and the Company’s submission to the Staff, dated May 29, 2024, it determined that the Company was in compliance with Nasdaq Listing Rule 5550(b)(1). The letter further stated that if the Company fails to evidence compliance with the Rule upon filing its next periodic report it may be subject to delisting. At that time, Nasdaq staff will provide written notification to the Company, which may then appeal the staff’s determination to a Nasdaq Hearings Panel.
공시 • May 24Safe and Green Development Corporation, Annual General Meeting, Jul 02, 2024Safe and Green Development Corporation, Annual General Meeting, Jul 02, 2024. Location: the offices of blank rome llp, 1271 avenue of the americas, 16th floor, new york 10020., new york United States
New Risk • May 23New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.4m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Revenue is less than US$1m (US$50k revenue). Market cap is less than US$10m (US$9.06m market cap).
공시 • May 09Safe and Green Development Corporation (NasdaqCM:SGD) entered into an agreement to acquire MyVONIA for $0.25 million.Safe and Green Development Corporation (NasdaqCM:SGD) entered into an agreement to acquire MyVONIA for $0.25 million on May 7, 2024. Under the terms of the agreement, the purchase price will consist of up to 500,000 shares of SGD restricted common stock, 200,000 shares will be issued at closing and up to 300,000 shares will be earned and issued if certain milestones are achieved. SGD plans to integrate MyVONIA into its Xene AI Platform real estate platform. The transaction is subject to certain closing conditions. Closing is expected during the second quarter of 2024.
공시 • Apr 24Safe and Green Development Corporation Launches XENE Home AI PlatformSafe and Green Development Corporation announced that the Xene Home Platform has launched. Xene is designed to assist customers, including buyers and sellers, real estate agents, lawyers, accountants and title companies in many facets of various real estate transactions by enhancing the transaction process with cost-efficiencies and dramatically reduced transaction fees in a range of just 1.99% to 3.99%. This lower cost, in of itself is expected to provide a cost-effective pathway to homeownership and a process that puts consumers back in the driver's seat. Real estate investors and prospective home buyers and sellers who register for membership to the Xene Home Platform will secure access to XENE's foreclosure listings and 'Buy It Now' properties, designed to provide a strategic edge in property investment. Licensed real estate professionals who join the Xene Home Platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive training/certification tools, all of which are intended to enhance such professional's portfolio and expand their business reach. The company plans to introduce continuous advancements in AI technology, beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities. The company intends to progressively unveil new functionalities that redefine the technological landscape of real estate through updates and new solutions. The two first tools to be released later this week to members of the platform are the AI Lister and the AI.
New Risk • Apr 09New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.6m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$10.8m market cap).
공시 • Apr 05Safe and Green Development Corporation Announces Launch of Xene Home AI BetaSafe and Green Development Corporation announced the Beta launch of the Xene AI Platform for the Real Estate industry. During the beta launch phase those who signed up on the waiting list to test the platform's innovative features will be granted early access to the platform to provide valuable feedback before the official launch to the entire real estate industry licensee base and public. This phase will allow stakeholders to enjoy access to the platform and discover some of the initial AI features of the platform. The fully developed platform is expected to launch in the coming weeks. XENE is designed to assist customers, including buyers and sellers, real estate agents, lawyers, accountants and title companies in many facets of various real estate transactions by enhancing the transaction process with cost-efficiencies and reduced transaction fees in a range of 1.99% to 3.99% per transaction. Licensed real estate professionals who join the Xene Home platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive certification tools, all of which are intended to enhance the industry professional's portfolio and both enhance and expand their business reach and performance metrics. The Company plans to introduce advancements in AI real estate technology following the launch. Additionally, the company intends to progressively unveil new functionalities currently being tested that redefine the technological landscape of real estate transactions.
공시 • Mar 13Safe and Green Development Corp Launches Xene AI Exclusive Waiting ListSafe and Green Development Corporation announced an update to the previously announced launch of the Xene Home platform. In anticipation of the launch scheduled for the end of March, the company announced the establishment of an exclusive waiting list. This initiative has been created to provide real estate professionals, investors, as well as prospective home buyers and sellers, with early access to the company's XENE Home platform. The company plans to introduce continuous advancements in AI technology following the launch. Beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities, the company intends to gradually unveil new functionalities that redefine the technological landscape of real estate throughout the year. For home buyers and sellers, XENE promises a new era of cost-efficiency with transaction fees dramatically reduced to a range of just 1.99% to 3.99%, providing a cost-effective pathway to homeownership and a process that puts consumers back in the driver's seat. Licensed real estate professionals who join the Xene Home platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive training/certification tools, all of which are intended to enhance such professional's portfolio and expand their business reach.
공시 • Feb 09Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Majestic World Holdings, LLC for $1.6 million.Safe and Green Development Corporation (NasdaqCM:SGD) has signed a non-binding Letter of Intent to acquire unknow stake in Majestic World Holdings, LLC on November 21, 2023. As of January 4, 2024, Safe and Green Development Corporation has negotiated a complete acquisition of Majestic World Holdings, LLC. Transaction is subjected to approval by the Board of Directors and execution of definitive documents. The acquisition is expected to close by the end of the first quarter 2024. Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Majestic World Holdings, LLC for $1.6 million on February 8, 2024. The purchase price for the acquisition consists of an aggregate of $500,000 in cash to be paid over 5 quarters and 500,000 shares of Safe and Green Development Corporation restricted stock valued at $1.075 million, or $2.15 per share. Under the terms of the agreement, Matthew Barstow, MWH Chief executive Officer & President will become Senior Vice President of Innovation at Safe and Green Development Corporation.
New Risk • Jan 17New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$8.70m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (70% average daily change). Revenue is less than US$1m. Market cap is less than US$10m (US$8.70m market cap).
Board Change • Dec 31High number of new and inexperienced directorsThere are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Chairman Paul Galvin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Dec 02Safe and Green Development Corporation announced that it expects to receive $1.2 million in funding from Peak One Investments, LLCSafe and Green Development Corporation announced that it has entered into a Securities Purchase Agreement with new investor, Peak One Opportunity Fund, L.P. managed by Peak One Investments, LLC, pursuant to which the Company agreed to issue 8% convertible debenture in the aggregate principal amount of $1,200,000 on November 30, 2023. The Debenture matures twelve months from its date of issuance and bear interest at a rate of 8% per annum payable on the maturity date. The Debenture is convertible, at the option of the holder, at any time, into such number of shares of common stock of the Company equal to the principal amount of the Debenture plus all accrued and unpaid interest at a conversion price equal to $2.14 , subject to adjustment for any stock splits, stock dividends, recapitalizations and similar events, as well as anti-dilution price protection provisions that are subject to a floor price as set forth in the Debenture. On the same day, the company issued an 8% convertible debenture in principal amount of $700,000 in its first tranche.
Board Change • Sep 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Jeff Tweedy was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.