{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-051931","form_type":"8-K","ticker":"RENX","cik":"0001959023","company_name":"RenX Enterprises Corp.","filed_at":"2026-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.323267+00:00","generated_at":"2026-05-14T23:34:50.550675+00:00","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RenX Enterprises raises up to $100M via tranched convertible note and warrant private placement","bullets":["Initial closing of $6.3M convertible notes and warrants on May 4, netting ~$5.7M for working capital.","Second closing of $6.7M notes plus up to $87M additional notes, subject to conditions and mutual consent.","Notes bear 10% interest, mature in 12 months, convertible at $2.895/share; warrants exercisable at $2.67/share for 6 years.","Proceeds after second closing will repay Feb 2026 notes at 110% of outstanding principal.","Company must seek stockholder approval for alternate conversion at lower price and for reverse stock split."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-051931","json":"https://secwatch.observer/filing/0001213900-26-051931.json","markdown":"https://secwatch.observer/filing/0001213900-26-051931.md","text":"https://secwatch.observer/filing/0001213900-26-051931.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/0001213900-26-051931-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/ea0288854-8k_renx.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T23:34:50.550675+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"386d024e809c8cae8861cfce03487d52aa8b8799","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/0001213900-26-051931-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$6,300,000 in Initial Notes, $6,700,000 in Second Notes, and up to $87,000,000 in Additional Notes"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"12 months from their date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"27b96fb94d7879b2b14cfed8f3c2b9aea37b46cb","claim":"RenX Enterprises Corp. issued convertible note to certain institutional investors for $6,300,000 aggregate principal amount.","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/0001213900-26-051931-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"certain institutional investors"},{"label":"Consideration","value":"$6,300,000 aggregate principal amount"}],"fact_type":"equity_issuance"},{"claim_id":"65e12a4f47eaf1df72f69471a3c94c5088129fff","claim":"RenX Enterprises Corp. issued 3,917,099 shares of Common Stock of warrant to certain institutional investors.","evidence_excerpt":"and warrants (the “Initial Warrants”) to purchase an aggregate of 3,917,099 shares of Common Stock","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/0001213900-26-051931-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"3,917,099 shares of Common Stock"},{"label":"Purchaser","value":"certain institutional investors"}],"fact_type":"equity_issuance"},{"claim_id":"7146223e1145e5b7c5f30ec7ae07a5d70b48efa7","claim":"RenX Enterprises Corp. entered into Purchase Agreement with certain institutional investors valued at up to $87,000,000 (effective 2026-04-30).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/0001213900-26-051931-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"up to $87,000,000"},{"label":"Effective","value":"2026-04-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}