Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
RenX Enterprises Corp. incurred convertible notes of $6,300,000 in Initial Notes, $6,700,000 in Second Notes, and up to $87,000,000 in Additional Notes with certain institutional investors at 10% per annum maturing 12 months from their date of issuance.
- Instrument
- convertible notes
- Principal
- $6,300,000 in Initial Notes, $6,700,000 in Second Notes, and up to $87,000,000 in Additional Notes
- Counterparty
- certain institutional investors
- Rate
- 10% per annum
- Maturity
- 12 months from their date of issuance
- Event
- incurrence
Exact text from the filing
Purchase Agreement, the Company (i) issued and sold to the Purchasers, at the initial closing on May 4, 2026 (the “Initial Closing”), Notes in the aggregate principal amount of $6,300,000 (the “Initial Notes”) and warrants (the “Initial Warrants”) to purchase an aggregate of 3,917,099 shares of Common Stock (which is equal to 180% of the face value of the Initial
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
RenX Enterprises Corp. issued convertible note to certain institutional investors for $6,300,000 aggregate principal amount.
- Security
- convertible note
- Purchaser
- certain institutional investors
- Consideration
- $6,300,000 aggregate principal amount
Exact text from the filing
the Company (i) issued and sold to the Purchasers, at the initial closing on May 4, 2026 (the “Initial Closing”), Notes in the aggregate principal amount of $6,300,000 (the “Initial Notes”)
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
RenX Enterprises Corp. issued 3,917,099 shares of Common Stock of warrant to certain institutional investors.
- Security
- warrant
- Shares
- 3,917,099 shares of Common Stock
- Purchaser
- certain institutional investors
Exact text from the filing
and warrants (the “Initial Warrants”) to purchase an aggregate of 3,917,099 shares of Common Stock
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RenX Enterprises Corp. entered into Purchase Agreement with certain institutional investors valued at up to $87,000,000 (effective 2026-04-30).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain institutional investors
- Value
- up to $87,000,000
- Effective
- 2026-04-30
Exact text from the filing
On April 30, 2026, RenX Enterprises Corp. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors (the “Purchasers”) related to a tranched private placement transaction (the “Private Placement”) of Senior Convertible Notes (“Notes”) and warrants (“Warrants”) to purchase shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) as more particularly set forth below. Pursuant to the Purchase Agreement, the Company (i) issued and sold to the Purchasers, at the initial closing on May 4, 2026 (the “Initial Closing”), Notes in the aggregate principal amount of $6,300,000 (the “Initial Notes”) and warrants (the “Initial Warrants”) to purchase an aggregate of 3,917,099 shares of Common Stock (which is equal to 180% of the face value of the Initial Notes divided by $2.895 (the “Initial Conversion Price”)), (ii) agreed to issue and sell to the Purchasers, at a second closing (the “Second Closing”), Notes
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