RenX Enterprises Prices $6.0 Million Private Placement with Fixed Conversion Price

Core Viewpoint - RenX Enterprises Corporation has announced a private investment in public equity (PIPE) financing, raising approximately $6.0 million to improve its cash position and operational runway [1][4]. Financing Details - The company will issue Senior Convertible Notes totaling $6.0 million, with a 12% annual interest rate, maturing in 13 months, and convertible at a fixed price of $0.281 per share [2]. - In addition to the Notes, the company will issue warrants to purchase common stock equal to 100% of the face value of the Notes, exercisable at $0.15594 per share for six years [2]. - The PIPE financing is expected to close around February 13, 2026, pending customary closing conditions [3]. Use of Proceeds - The net proceeds from the PIPE financing will primarily be used for working capital purposes [4]. Company Overview - RenX Enterprises Corp. focuses on technology-driven environmental processing and sustainable materials, producing value-added compost and engineered soils for various markets [7]. - The company operates an 80+ acre organics processing facility in Myakka City, Florida, integrating advanced milling and logistics to produce proprietary soil substrates [8]. - RenX aims to optimize products for regional feedstocks, enhancing supply chain efficiency and quality control while targeting higher-value markets [8].