RenX Enterprises Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $5.1M
- Price
- $1.94
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.52%
- Volume
- 75.0K
About
RenX Enterprises Corp. operates within the real estate development sector. The company primarily focuses on property development by utilizing specialized, factory-built modules crafted from a combination of wood and steel. These modular units are manufactured at Safe & Green Holdings' facilities and are managed by SG Echo. Established in 2021, RenX Enterprises maintains its main office in Miami, Florida.
Quick stats
Shares outstanding2.6M
Computed float2.1M
Float / shares79.2%
Key info
SectorReal Estate
IndustryReal Estate - Development
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001959023
Websitehttps://www.renxent.com
AI Summary
AI-generated1/33
minorbullishoperations update
RenX Enterprises Announces $2.6 Million Sale Agreement for Norman Berry Property
RenX Enterprises announced a $2.6 million agreement to sell the 7.7-acre Norman Berry property in Georgia through a 50% owned joint venture.
Proceeds are expected to repay approximately $800,000 in debt and fund the Myakka City processing platform, with RenX's net share estimated at $900,000.
Closing is contingent on the buyer securing financing and state program allocations, which are not expected until the first half of 2027.
Red flags
- Transaction closing is contingent on purchaser securing state program allocations and financing
- No assurance that the transaction will close on the terms described or at all
- Net proceeds to RenX are relatively small ($900,000) and conditional on JV structure