Financing ·
RMX Industries borrows $257K via 12% convertible note with up to $1.4M in future tranches
RMXIRmx Industries, Inc.
On October 21, 2026, RMX Industries entered into a Securities Purchase Agreement with Vanquish Funding Group Inc., issuing a 12% promissory note for an aggregate purchase price of $257,000. The note has a principal amount of $295,550 and matures on October 15, 2027. Proceeds are intended for general working capital. The agreement allows for additional tranches totaling up to $1,100,000 over the next twelve months, subject to mutual agreement. Vanquish holds a conversion right into Class A common stock at a 35% discount to market price, exercisable after 180 days, with ownership capped at 4.99%. The debt is subordinate to existing senior secured notes. RMX Industries operates in the industrial manufacturing sector.