RenX Enterprises prices $6M private placement

18 hours ago 4

TipRanks

Sat, February 14, 2026 astatine 8:05 AM CST 1 min read

RenX Enterprises (RENX) entered into a securities acquisition statement for a backstage concern successful nationalist equity financing for gross proceeds to the Company of astir $6M, earlier deducting placement cause fees and offering expenses. Pursuant to the presumption of the securities acquisition agreement, the Company volition contented to investors Senior Convertible Notes successful the aggregate main magnitude of $6M. The Notes volition carnivore involvement astatine a complaint of 12% per annum, volition mature 13 months from the day of issuance and volition beryllium convertible astatine the enactment of the holder astatine a fixed conversion terms of $0.281 per share. In transportation with the PIPE financing, the Company volition besides contented warrants to acquisition shares of the Company’s communal banal successful an magnitude adjacent to 100% look worth of the enactment and volition person a word of six years and volition beryllium exercisable astatine a terms of $0.15594 per share. The offering is being priced to beryllium an astatine marketplace transaction. arsenic contemplated by Nasdaq Listing Rule 5635(d)(1)(A). Dawson James acted arsenic the sole placement cause for the PIPE financing. The PIPE financing is expected to adjacent connected oregon astir February 13, 2026, taxable to the restitution of customary closing conditions.

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