MIAMI, FL, March 24, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. “RenX” (NASDAQ: RENX), a technology-driven environmental processing and sustainable materials company, today announced that it will effect a 1-for-20 reverse stock split (“reverse split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective at 12:01 a.m. Eastern Time on March 26, 2026. The Company’s Common Stock will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the symbol “RENX” an ...

Core Viewpoint - RenX Enterprises Corp. has secured a new hauling services contract through its subsidiary Zimmer Equipment, which is expected to enhance revenue and fleet utilization while supporting the company's waste-to-value strategy [1][2][3]. Group 1: Contract Details - Zimmer Equipment will provide dedicated hauling services for construction and demolition materials from a high-volume transfer facility to disposal and processing sites [2]. - The contract is anticipated to generate recurring revenue from the waste transfer operator, thereby improving fleet utilization [2]. Group 2: Company Strategy - The contract aligns with RenX's broader waste-to-value strategy, which encompasses hauling and logistics, organics recycling, engineered soils, and the deployment of proprietary Microtec milling technology [3]. - RenX aims to move beyond traditional waste-to-value operations by manufacturing engineered growing media with consistent quality and defined specifications [5]. Group 3: Operational Overview - Zimmer Equipment operates a fleet of trucks and heavy equipment across Florida, serving various customer segments including municipal, commercial, and industrial [4]. - RenX's core operations are based in an 80+ acre organics processing facility in Myakka City, Florida, integrating organics processing, advanced milling, blending, and in-house logistics [6].

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 inbound organic material at a contracted per-yard disposal rate, including 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 supporting predictable cash generation over time [2][3]. - The company anticipates that this ticket-based structure will lead to recurring revenue as it is volume-dependent [2][4]. 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 [3]. - Each new contracted volume source is expected to enhance utilization across the company's transfer and processing infrastructure, supporting the strategy of building durable, recurring revenue streams [3][4]. - The company aims to drive margin expansion as inbound volumes grow, leveraging logistics, processing, and technology-enabled conversion [4]. Group 3: Operational Overview - RenX operates an 80+ acre organics processing facility in Myakka City, Florida, integrating various processes to produce proprietary soil substrates and potting media [6]. - The company focuses on optimizing products for regional feedstocks and customer requirements to shorten supply chains and improve unit economics [6]. - RenX plans to monetize its portfolio of legacy real estate assets to fund its core technology-driven environmental processing platform [6].