RenX Enterprises Corp. entered into an exchange agreement with an accredited investor to cancel $1,022,971.22 of outstanding principal and accrued interest under a senior convertible note dated February 12, 2026. In return, the company issued a new senior convertible note with a principal amount of $1,037,283.93, representing 110% of the prior note's face value. The transaction also includes a warrant to purchase 644,944 shares of common stock at an exercise price of $2.67 per share. The new note bears interest at 10% per annum and matures in 12 months, with conversion rights subject to Nasdaq shareholder approval. RenX Enterprises Corp. operates in the technology sector.
