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.

RenX Enterprises Corp. disclosed that Norman Berry II Owner, LLC, a joint venture in which RenX holds a 50% interest, entered into a Purchase and Sale Agreement on August 17, 2026, to sell an approximately 7.7-acre property in East Point, Georgia, for $2.6 million. The transaction is contingent upon the purchaser securing state tax credit allocations and financing, with closing expected after March 2027. RenX anticipates receiving approximately $900,000 of its share of the proceeds to repay existing debt and fund core operations at its Myakka City facility. This company operates in the biomass recycling, logistics, and real estate sectors, focusing on engineered soils and organic recycling.

RenX Enterprises Corp. reported second quarter 2026 financial results, achieving record consolidated revenue of $4.26 million, a 7.5% increase from the prior quarter, with gross profit of $1.36 million at a 31.9% margin. The Logistics segment generated its second consecutive profitable quarter, reporting net income of $36 thousand and Adjusted EBITDA growth of approximately 45% to $523 thousand. Conversely, the Compost Sales segment recorded a net loss of $1.36 million due to a $157 thousand non-cash inventory valuation adjustment. Consolidated net loss narrowed to $8.0 million from $9.3 million in Q1, though this included approximately $3.8 million in non-cash items, primarily a one-time loss on the exchange of $7.2 million legacy debt into Series C Convertible Preferred Stock and warrants. Cash reserves increased significantly to $2.16 million at June 30, 2026. The company also announced that its Microtec UTM 1200 Turbo Mill has shipped from Germany and is in transit for commissioning in the second half of 2026, while launching a new land clearing division with an initial purchase order.

James D. Burnham resigned from the Board of Directors of RenX Enterprises Corp. on July 1, 2026, and was immediately appointed as Director of Growth & M&A for a one-year term with an annual base salary of $275,000 and a discretionary bonus of up to 15% of base salary. The agreement includes a one-year extension option and six months' severance for without-cause termination. RenX Enterprises Corp. is a growth and M&A focused enterprise company.

RenX Enterprises Corp. exchanged $7.17 million of outstanding debt with Index Equity US, LLC for 7,169 shares of Series C Convertible Preferred Stock and a warrant to purchase 619,084 shares of common stock. Stockholders approved a reverse stock split range of 1-for-5 to 1-for-10, as well as the issuance of common stock upon conversion of various notes and warrants. The company also increased the authorized shares under its 2023 Incentive Compensation Plan to 520,000. RenX Enterprises Corp. operates in the sustainable infrastructure and green technology sector.