Safe and Green shares surge 21.56% after-hours as company rebrands to RenX Enterprises.

Safe and Green Development (NASDAQ: SGD) surged 21.56% in after-hours trading following its announcement of a corporate name change to RenX Enterprises Corp., effective December 19, 2025, with a new ticker symbol “RENX.” The rebranding reflects the company’s strategic pivot toward engineered soils, renewable-material production, and vertically integrated sustainable solutions, including high-margin soil products and regenerative land-use platforms. CEO David Villarreal emphasized that the name and ticker align with the company’s long-term growth strategy, underscoring its focus on environmental innovation and scalable operations. The move, which includes a new website and no changes to stockholder holdings, signals a shift from its prior real estate development model to a more diversified environmental solutions business, likely boosting investor confidence in its future profitability and market positioning.