RenX closes $5.66M second tranche of convertible notes, repays February notes

RenX Enterprises Corp.

Second Closing on Aug 26, 2026: issued Second Notes principal $5,662,716, convertible into 2,151,638 shares at initial price, up to 11,664,772 at floor price.
Issued Second Warrants to purchase 3,520,859 shares; net proceeds ~$5.4M after fees, used to repay February Notes at 110% of principal.
Amendment sets Second Closing Date to Aug 26, 2026; updates registration filing deadlines and carves out liquidated damages for Initial Registration Statement failure.
Second Notes and Warrants offered privately under Rule 506(b)/4(a)(2); securities unregistered.

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