SEC Comment Letter 0000000000-23-008853 to RenX Enterprises Corp. (RENX)
RenX Enterprises Corp.
Date: Aug. 14, 2023 · CIK: 0001959023 · Accession: 0000000000-23-008853
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-41581
Letter
United States securities and exchange commission logo August 14, 2023 David Villarreal Chief Executive Officer Safe & Green Development Corp 990 Biscayne Blvd #501, Office 12 Miami, FL 33132 Re:Safe & Green Development Corp Amendment No. 5 to Form 10-12B Filed August 10, 2023 File No. 001-41581 Dear David Villarreal: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Amendment 5 to Form 10 filed August 10, 2023 Unaudited Pro Forma Financial Statements, page 35 1.Please expand your disclosure to include a more robust discussion of each adjustment made in your pro forma financial statements. For example, we note your pro forma statements of operations and balance sheet include adjustments to reflect stock compensation expense related to the issuance of RSUs. Please expand your disclosure to include a discussion of when the RSUs were issued, the vesting terms, the fair value and the amortization period as applicable. Additionally, for any net adjustments reflected in your pro forma financial statements, please disclose the disaggregated gross amount of each adjustment in the appropriate footnote. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameDavid Villarreal Comapany NameSafe & Green Development Corp August 14, 2023 Page 2 FirstName LastName David Villarreal Safe & Green Development Corp August 14, 2023 Page 2 You may contact Peter McPhun at 202-551-3581 or Robert Telewicz at 202-551-3438 if you have questions regarding comments on the financial statements and related matters. Please contact Stacie Gorman at 202-551-3585 or Pam Howell at 202-551-3357 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Leslie Marlow, Esq.
Show Raw Text
United States securities and exchange commission logo
August 14, 2023
David Villarreal
Chief Executive Officer
Safe & Green Development Corp
990 Biscayne Blvd
#501, Office 12
Miami, FL 33132
Re:Safe & Green Development Corp
Amendment No. 5 to Form 10-12B
Filed August 10, 2023
File No. 001-41581
Dear David Villarreal:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Amendment 5 to Form 10 filed August 10, 2023
Unaudited Pro Forma Financial Statements, page 35
1.Please expand your disclosure to include a more robust discussion of each adjustment
made in your pro forma financial statements. For example, we note your pro forma
statements of operations and balance sheet include adjustments to reflect stock
compensation expense related to the issuance of RSUs. Please expand your disclosure to
include a discussion of when the RSUs were issued, the vesting terms, the fair value and
the amortization period as applicable. Additionally, for any net adjustments reflected in
your pro forma financial statements, please disclose the disaggregated gross amount of
each adjustment in the appropriate footnote.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameDavid Villarreal
Comapany NameSafe & Green Development Corp
August 14, 2023 Page 2
FirstName LastName
David Villarreal
Safe & Green Development Corp
August 14, 2023
Page 2
You may contact Peter McPhun at 202-551-3581 or Robert Telewicz at 202-551-3438 if
you have questions regarding comments on the financial statements and related matters. Please
contact Stacie Gorman at 202-551-3585 or Pam Howell at 202-551-3357 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Leslie Marlow, Esq.