secwatch.observer — SEC 8-K summary
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Issuer:     RenX Enterprises Corp. (RENX)
CIK:        0001959023
Form:       8-K
Filed at:   2026-11-06T22:15:52+00:00
Accession:  0001213900-26-116998
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

RenX swaps $1.02M convertible note for $1.04M new note plus 644,944-share warrant at $2.67
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- Exchanged $1,022,971.22 of principal and accrued interest on the Feb 12, 2026 senior convertible note held by Alto Opportunity Master Fund for a new note of $1,037,283.93 (110% of principal).
- New note: 10% annual interest, 12-month maturity, convertible at $2.895/share; alternative conversion at 92% of the 10-day lowest VWAP, floored at $0.534, pending stockholder approval.
- Warrant for 644,944 shares at $2.67/share, immediately exercisable with a six-year term; ~394,133 conversion shares at $2.895 and ~644,944 at the $0.534 floor.
- Company must hold a special shareholder meeting within 120 days to approve alternate-conversion share issuances; a second meeting is due within 120 days if approval fails by day 180.
- Default interest jumps to 18% per annum and holders can force redemption at 110%; company may redeem the note at 110% and must apply 2.39% of future equity sale proceeds if demanded.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959023/000121390026116998/0001213900-26-116998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959023/000121390026116998/ea0310661-8k_renx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-116998

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