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RenX Enterprises Corp., Formerly Safe and Green Development Corporation, Announces Corporate Name Change; New Ticker Symbol “RENX”
Globenewswire· 2025-12-18 14:00
Core Viewpoint - RenX Enterprises Corp. is undergoing a corporate name change from Safe and Green Development Corporation to align with its strategic focus on engineered soils and renewable-material production, effective December 19, 2025 [1][2] Group 1: Company Overview - RenX Enterprises Corp. was formed in 2021 and initially focused on acquiring and investing in properties for green housing projects across the United States [3] - The company is now emphasizing the monetization of its real estate assets while expanding its operations in environmental solutions [3] Group 2: Operations and Strategic Focus - The company operates an environmental processing and logistics platform, including an 80+ acre organics processing facility in Myakka City, Florida, which processes source-separated green waste [4] - RenX is expanding into the production of sustainable, high-margin potting media and soil substrates using advanced milling technology [4] - The company aims to create a vertically integrated platform to scale high-margin soil products and sustainable substrates, enhancing regenerative land-use solutions [2][4] Group 3: Management Perspective - The CEO of RenX Enterprises Corp. stated that the rebranding marks a pivotal milestone in the company's evolution, aligning with its long-term growth strategy focused on renewable resource manufacturing and sustainable practices [2]