RenX Enterprises Corp. closed the second tranche of its private placement on August 26, 2026, issuing $5,662,716 in Senior Convertible Notes and warrants to purchase 3,520,859 shares of common stock, generating approximately $5.4 million in net proceeds after fees. The company used these funds to repay outstanding senior convertible notes (February Notes) at 110% of the aggregate principal amount. Concurrently, the parties amended the Securities Purchase Agreement and Registration Rights Agreement to set the closing date, adjust registration obligations for conversion shares based on a Floor Price versus an Initial Conversion Price of $2.895, and carve out liquidated damages related to the initial registration statement filing deadline. RenX Enterprises Corp. operates in the financial services industry, focusing on investment and capital management.
