RenX Enterprises Exchanges $1.02 Million Debt for New Note and Stock Warrant

RenX Enterprises entered into an exchange agreement with an accredited investor to cancel approximately $1.02 million of principal and accrued interest under an existing senior convertible note. In exchange, the company issued a new senior convertible note with a $1.04 million principal amount and a warrant to purchase 644,944 shares. The new note matures in 12 months, bears 10% annual interest and is initially convertible at $2.895 per share, subject to specified terms.

Agreement details:

• Agreement type: Senior convertible note exchange agreement
• Counterparty: Accredited investor
• Signed / Effective: Nov 02 2026 / same
• Duration / Termination: New note matures in 12 months; warrant term is six years
• Reason: Exchange outstanding debt for new financing

Original SEC Filing: RenX Enterprises Corp. [ RENX ] - 8-K - Nov. 06, 2026