--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-26-017314" form_type: "8-K" ticker: "RENX" cik: "0001959023" company_name: "RenX Enterprises Corp." filed_at: "2026-02-17T23:59:59+00:00" generated_at: "2026-05-16T02:34:05.406014+00:00" event_type: "debt" sentiment: "positive" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # RenX Enterprises raises $6.0M via convertible notes and warrants; net proceeds $5.4M for working capital ## Summary - 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. ## SEC filing metadata - accession: 0001213900-26-017314 - form_type: 8-K - ticker: RENX - cik: 0001959023 - company_name: RenX Enterprises Corp. - filed_at: 2026-02-17T23:59:59+00:00 - event_type: debt - sentiment: positive - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390026017314/0001213900-26-017314-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390026017314/ea0276978-8k_renx.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-26-017314 - JSON: https://secwatch.observer/filing/0001213900-26-017314.json - Plain text: https://secwatch.observer/filing/0001213900-26-017314.txt ## Key facts - Debt Financings RenX Enterprises Corp. incurred convertible notes of $6,042,985.39 at 12% per annum maturing 13 months from the date of issuance. - Instrument: convertible notes - Principal: $6,042,985.39 - Rate: 12% per annum - Maturity: 13 months from the date of issuance - Event: incurrence source text: On February 12, 2026, RenX Enterprises Corp. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors (the “Purchasers”) for the issuance and sale in a private placement transaction (the “Private Placement”) of Senior Convertible Notes (“Notes”) in the aggregate principal amount of $6,042,985.39. The Notes bear interest at a rate of 12% per annum, will mature 13 months from the date of issuance evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390026017314/0001213900-26-017314-index.htm - Equity Issuances RenX Enterprises Corp. issued an aggregate of 38,751,991 shares of Common Stock of warrant to certain institutional investors for exercisable at a price of $0.15594 per share. - Security: warrant - Shares: an aggregate of 38,751,991 shares of Common Stock - Purchaser: certain institutional investors - Consideration: exercisable at a price of $0.15594 per share source text: and until Stockholder Approval (as defined below) is obtained. The First Warrants will have a term of six years from the date of issuance and will be exercisable at a price of $0.15594 per share of Common Stock, and the Second Warrants will have a term of six years from the date that Stockholder Approval is obtained and will be exercisable at a price of $0.15594 evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390026017314/0001213900-26-017314-index.htm - Equity Issuances RenX Enterprises Corp. issued aggregate principal amount of $6,042,985.39 of convertible note to certain institutional investors for net proceeds to the Company from the Private Placement are expected to be approximately $5.4 million. - Security: convertible note - Shares: aggregate principal amount of $6,042,985.39 - Purchaser: certain institutional investors - Consideration: net proceeds to the Company from the Private Placement are expected to be approximately $5.4 million source text: Common Stock. The Private Placement closed on February 17, 2026 (the “Closing Date”). The net proceeds to the Company from the Private Placement are expected to be approximately $5.4 million, after deducting placement agent fees and the payment of other offering expenses associated with the offering that were payable by the Company and excluding any deductions for evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390026017314/0001213900-26-017314-index.htm - Material Agreements RenX Enterprises Corp. entered into Securities Purchase Agreement with certain institutional investors valued at $6,042,985.39 (effective 2026-02-12). - Action: entry - Agreement: equity purchase - Counterparty: certain institutional investors - Value: $6,042,985.39 - Effective: 2026-02-12 source text: On February 12, 2026, RenX Enterprises Corp. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors (the “Purchasers”) for the issuance and sale in a private placement transaction (the “Private Placement”) of Senior Convertible Notes (“Notes”) in the aggregate principal amount of $6,042,985.39. evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390026017314/0001213900-26-017314-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.