Management outlines operational focus, capital positioning and strategic directionMIAMI, FL, Feb. 23, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) (“RenX” or the “Company”) today issued a letter to shareholders providing an update on operational focus, capital positioning, and strategic direction, all designed to strengthen the Company’s long-term performance. RenX’s letter to shareholders follows below. Dear Fellow Shareholders, As we move further into RenX’s transformation, we would like ...

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].

Core Insights - RenX Enterprises Corporation has announced a private investment in public equity (PIPE) financing, raising approximately $6.0 million before fees and expenses [1][2] 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, warrants will be issued to purchase common stock equal to 100% of the note's face value, 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] Regulatory Compliance - The securities are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D, and have not been registered under the Securities Act [5] 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 quality control and improving unit economics while serving higher-value markets [8]

Core Viewpoint - RenX Enterprises Corp. has restructured its investment in the Norman Berry property to secure capital repayment while maintaining ownership interest, enhancing the risk-adjusted return profile of the asset [1][2][3]. Investment Restructuring - The company converted its initial equity investment of approximately $600,000 into a secured note, alongside a previously disclosed $200,000 note against the property, without diluting its 50% ownership interest [2][3]. - This restructuring prioritizes capital recovery while allowing full participation in any future residual value from a sale or refinancing [2][3]. Property Development and Sale Process - RenX is preparing the Norman Berry property for a sale process expected to begin in Q1 2026, having secured additional zoning entitlements that expand permitted development uses [4]. - The new zoning allows for multifamily residential, assisted living, and higher-density residential and mixed-use applications, enhancing the property's development flexibility and appeal to potential buyers [4]. Future Growth Initiatives - Proceeds from the sale of the Norman Berry property are expected to be redeployed to support growth initiatives within RenX's core environmental processing, engineered soils, and sustainable materials platform [5]. Company Overview - RenX Enterprises Corp. focuses on technology-driven environmental processing and sustainable materials, producing value-added compost, engineered soils, and specialty growing media [6]. - The company operates an 80+ acre organics processing facility in Myakka City, Florida, integrating various processes to produce proprietary soil substrates and potting media [7].

Core Viewpoint - RenX Enterprises Corp. has entered into a new disposal services agreement with a regional commercial landscaping operator in Sarasota, Florida, aimed at enhancing its sustainable infrastructure and environmental services platform [1][2]. Group 1: Agreement Details - The agreement allows RGUS to receive and process organic material at a transfer facility in Sarasota, with a contracted per-yard disposal rate for unprocessed green waste, wood waste, and other vegetative debris [2]. - The structure of the agreement is ticket-based with net-30 payment terms, providing measurable cash flow visibility, and is expected to support predictable cash generation and potential recurring revenue [2][3]. Group 2: Strategic Implications - The CEO of RenX highlighted that the agreement reflects the growing demand for alternatives to landfilling due to rising disposal costs and regulatory scrutiny, enhancing utilization across the company's infrastructure [3][4]. - The company anticipates continued growth in contracted inbound volumes as the market seeks alternatives to landfills, which positions it to drive margin expansion over time [4]. Group 3: Operational Insights - RGUS will issue load-level tickets for each inbound delivery, which will be used for weekly invoicing and revenue recognition, generating consistent feedstock for biomass conversion operations [3]. - The company’s core operations are supported by an 80+ acre organics processing facility in Myakka City, Florida, which integrates various processes to produce high-performance soil substrates [6]. Group 4: Technology and Market Position - RenX aims to differentiate itself through advanced milling and material-processing technology, including a planned deployment of a licensed Microtec system to produce engineered growing media with consistent quality [5]. - By optimizing products for regional feedstocks, the company seeks to shorten supply chains, enhance quality control, and improve unit economics while targeting higher-value end markets [6].

Core Insights - RenX Enterprises Corp. has initiated deliveries of compost material to a new customer in the premium bagged soils and growing media market in South Florida, marking a significant operational milestone as the company aims to expand compost sales into higher-value consumer markets [1][3] Group 1: Operational Developments - The new customer relationship demonstrates RenX's advancements in processing capabilities and product consistency, achieved through recently deployed equipment [2] - Management views this development as validation of the quality of RenX's compost products and its strategy to target differentiated end-market customers [3] - The company anticipates that ongoing equipment optimization and improvements in throughput will facilitate further customer acquisition opportunities [3] Group 2: Strategic Focus - The CEO of RenX highlighted that investments in infrastructure and equipment are directly contributing to new commercial relationships, positioning the company to expand into markets that require higher quality inputs [4] - RenX is committed to disciplined operational execution, expanding its customer base, and building a scalable platform to support future growth across compost, engineered soils, and related markets [4] Group 3: Company Overview - RenX Enterprises Corp. is a technology-driven environmental processing and sustainable materials company focused on producing value-added compost, engineered soils, and specialty growing media for various end markets [5] - The company operates an 80+ acre organics processing facility in Myakka City, Florida, integrating advanced milling, blending, and logistics to produce proprietary soil substrates and potting media [6] - By optimizing products for regional feedstocks and customer needs, RenX enhances quality control and improves unit economics while serving higher-value end markets [6]