SGD raises $560k in private placement; appoints consultant with conditional CEO role and $100M crypto treasury plan

RenX Enterprises Corp.

Sold 309,691 shares at $0.9094, plus pre-funded warrants for 173,681 shares and five-year warrants for 483,372 shares at $0.9094 exercise price.
Entered consulting agreement with Bill Panagiotakopoulos: $200k salary, appointed as executive consultant and Class II Director; will become CEO if $100M+ Treasury Opportunity closes.
Treasury Opportunity requires presentation within 3 business days, LOI within 15, and closing within 30; failure triggers resignation of Panagiotakopoulos.
Forbearance agreement with Arena debenture assignees waives defaults until 61 days after Treasury Opportunity failure; company may redeem debentures at 115% after failure.
Use of proceeds: $100k CEO expense reimbursement, $200k legal fees, balance for working capital with Panagiotakopoulos consent.

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