Safe and Green Rebrands to RenX, Pivoting to Engineered Soils

MIAMI, FL – December 18, 2025 – In a decisive strategic shift, Safe and Green Development Corporation announced today that it is changing its corporate identity to RenX Enterprises Corp. The move, which includes a new Nasdaq ticker symbol, “RENX,” will take effect tomorrow, December 19, 2025. This rebranding is more than a name change; it signals a fundamental pivot away from the company's origins in green real estate development toward a focused future in the burgeoning environmental solutions sector, specifically engineered soils and renewable-material production.

The company's stock, which last traded under the “SGD” symbol at $0.1770, will begin trading as RENX, while the CUSIP number will remain unchanged for existing stockholders, who are not required to take any action.

“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.”

From Green Homes to Green Earth

Formed in 2021, Safe and Green Development Corporation initially carved out a niche with a mission to acquire and develop properties into green single-family and multifamily housing projects. However, the company's trajectory began to change significantly in 2025, culminating in this complete rebranding. A key catalyst for this transformation was the acquisition of Resource Group US Holdings LLC in June 2025, a move that company filings explicitly identified as a strategic entry into the engineered soils and organic recycling industry.

While the new focus is clear, RenX has indicated it is not entirely abandoning its real estate roots. The company plans to continue the monetization of its existing real estate assets, suggesting a strategic reallocation of capital and attention rather than a complete liquidation. The core operational future, however, now lies in a vertically integrated platform designed to produce and distribute high-margin soil products, sustainable substrates, and regenerative land-use solutions.

This pivot aligns with a management team that has shown an inclination towards technological integration. Under Villarreal’s leadership, the company previously acquired MyVONIA, an AI assistant for the real estate marketplace. This openness to technology could prove advantageous in the environmental sector, where data analytics, IoT, and AI are increasingly used to optimize waste management, resource recovery, and soil analysis.

The Multi-Billion Dollar Bet on a Greener Ground

The strategic redirection places RenX Enterprises at the intersection of several powerful market trends. The global push for sustainability, stricter environmental regulations, and a shift towards circular economy models have created a fertile market for the very products RenX aims to champion. The company is betting on the lucrative economics of turning organic waste into valuable, engineered materials.

The market for manufactured soil alone is projected to grow from approximately $9.28 billion in 2025 to over $14.32 billion by 2032, according to industry market reports. This growth is driven by demand in agriculture, commercial landscaping, and urban infrastructure projects like green roofs, all of which increasingly require specialized, high-performance soils. Furthermore, the U.S. soil remediation market, which addresses ground pollution, is expected to expand from $8.3 billion in 2024 to nearly $15.4 billion by 2034.

RenX is targeting what it calls “high-margin” products. These are not just simple composts, but custom-formulated substrates and engineered media designed for specific applications, such as vertical farming or land regeneration. The market is seeing a rise in demand for sustainable soil amendments derived from recycled waste, biochar-infused soils that enhance carbon sequestration, and peat-free options that appeal to environmentally conscious consumers. By positioning itself as a producer of these advanced materials, RenX hopes to capture a more profitable segment of the green economy.

Ground-Level Operations: The Myakka City Hub

The centerpiece of the company's new strategy is its permitted 80-plus acre organics processing facility in Myakka City, Florida. This facility is the operational heart of RenX, where source-separated green waste is transformed into marketable environmental products. The plant is not just a concept; it is an active and expanding operation.

Evidence of its growing commercial traction came recently when the company announced a 25% price increase on recurring compost purchase orders, signaling robust demand for its current output. To scale its capabilities further, RenX has invested in advanced milling technology, including securing a Micotec Mill, and has made its upstream systems fully operational to boost throughput. This investment is critical for its expansion from producing basic compost to manufacturing the more complex and valuable potting media and soil substrates that are central to its long-term vision.

Supporting this production is a logistics platform that provides transportation services for biomass, solid waste, and recyclable materials. This vertical integration not only supports the company's internal supply chain—moving raw materials to the Myakka facility and finished products to customers—but also serves third-party clients, creating an additional revenue stream and embedding RenX deeper into the regional environmental services infrastructure.

Financial Realities and Investor Outlook

The rebranding arrives during a period of financial transformation for the company. Recent financial reports under the SGD banner painted a picture of rapid top-line growth coupled with significant bottom-line pressures. The company reported record third-quarter revenue of $3.5 million in 2025, a dramatic increase from just $81,000 in the prior-year period, largely driven by sales of compost, soil, and mulch from its new operations.

However, this growth came at a cost. The company posted a net loss of $4.35 million in the same quarter, attributed primarily to operational expenses tied to its recent acquisitions and rising interest expenses. This dynamic of high growth and high costs is typical for a company in a state of strategic transition. Earlier in the year, in January 2025, the company underwent a significant financial restructuring with its former parent, Safe & Green Holdings Corp., to clean up its balance sheet and reduce the number of outstanding shares, a move aimed at mitigating future dilution risk for investors.

As Safe and Green Development Corp. gives way to RenX Enterprises, investors will be watching closely to see if the new brand and focused strategy can translate into sustained profitability. The success of this pivot will not be measured by the name change itself, but by the company's ability to execute at its Myakka facility, scale production of its high-margin soil products, and firmly establish its place in the competitive but rapidly growing market for environmental solutions.