{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-106886","form_type":"8-K","ticker":"RENX","cik":"0001959023","company_name":"RenX Enterprises Corp.","filed_at":"2026-10-05T21:15:54+00:00","discovered_at":"2026-10-05T21:18:00.286210+00:00","generated_at":"2026-10-12T16:40:07.725878+00:00","sec_items":["1.01","3.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"RenX swaps $1.45M Burnham note for Series D preferred plus warrant; up to 960,666 shares on full conversion","bullets":["Exchanged $1,446,774.32 outstanding ($1,255,000 principal + $191,774.32 accrued interest) on an 11.5% note dated June 2, 2025 for 1,441 Series D preferred shares.","Series D converts at $2.895 per share into 497,754 common shares; accompanying warrant covers 124,438 shares at $2.895 with a five-year term.","Full conversion at the $1.50 floor price would issue up to 960,666 common shares, subject to a Nasdaq exchange cap and stockholder approval.","Preferred pays an 8% dividend compounding quarterly (rising to 9% if not paid in cash), has $1,000 stated value and a 150% liquidation preference.","Debtholder James D. Burnham is RenX's Director of Growth & M&A and a former board director; a 30-day delisting lets him swap the preferred for a 10% note maturing in 24 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-106886","json":"https://secwatch.observer/filing/0001213900-26-106886.json","markdown":"https://secwatch.observer/filing/0001213900-26-106886.md","text":"https://secwatch.observer/filing/0001213900-26-106886.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026106886/0001213900-26-106886-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026106886/ea0307672-8k_renx.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:40:07.725878+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}