RenX Enterprises raises $6.0M via convertible notes and warrants; net proceeds $5.4M for working capital

RenX Enterprises Corp.

Issued $6,042,985 in Senior Convertible Notes at 12% interest, maturing in 13 months; net proceeds ~$5.4M.
Notes convertible at $0.281/share; additionally issued warrants to purchase up to 38.75M shares at $0.15594.
First warrants for 21.5M shares exercisable immediately; second warrants for 17.2M shares require stockholder approval.
Company expects to use net proceeds for working capital; Dawson James acted as placement agent.
As of Feb 13, 2026, outstanding common shares total 46,360,994, including conversions from October 2025 PIPE.

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