Safe and Green shares surge 72.15% intraday after rebranding to RenX Enterprises, focusing on engineered soils and renewable materials.

Safe and Green Development (NASDAQ: SGD) surged 72.15% intraday following the announcement of its corporate name change to RenX Enterprises Corp. and a new ticker symbol (RENX), effective December 19, 2025. The rebranding reflects a strategic pivot toward engineered soils, renewable-material production, and vertically integrated sustainable solutions, as highlighted in the company’s detailed press release. CEO David Villarreal emphasized the move aligns with long-term growth in high-margin soil products and regenerative land-use technologies. The name change, coupled with the company’s expanded focus on organics processing, logistics infrastructure, and advanced milling capabilities, signaled to investors a shift toward scalable environmental and economic value creation. While the stock’s meteoric rise may also reflect optimism around recent operational milestones—including a Q3 revenue increase and debt repayment—the rebranding was the primary catalyst, reinforcing investor confidence in RenX’s strategic direction.