RenX Enterprises Prices $6.0 Million Private Placement

The technology-driven environmental processing company secures funding through a fixed-price convertible note offering.

Published on Feb. 13, 2026

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RenX Enterprises Corporation, a technology-driven environmental processing and sustainable materials company, has announced a $6.0 million private placement financing. The company will issue Senior Convertible Notes that bear 12% annual interest, mature in 13 months, and are convertible at a fixed price of $0.281 per share. RenX will also issue warrants equal to 100% of the note value, exercisable at $0.15594 per share over 6 years.

Why it matters

The funding will support RenX's ongoing technology development and environmental processing initiatives, helping the company advance its sustainable materials business. As a publicly traded firm, the private placement aligns with Nasdaq rules around at-market transactions.

The details

Under the terms of the securities purchase agreement, RenX will issue $6.0 million in Senior Convertible Notes to investors. The notes will carry a 12% annual interest rate and mature 13 months from issuance. Investors will have the option to convert the notes into RenX common stock at a fixed price of $0.281 per share. Additionally, the company will issue warrants equal to 100% of the note value, with a 6-year term and an exercise price of $0.15594 per share.

  • The private placement financing was announced on February 13, 2026.

The players

RenX Enterprises Corporation

A technology-driven environmental processing and sustainable materials company, trading on the Nasdaq exchange under the ticker symbol RENX.

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The takeaway

This private placement financing will provide RenX Enterprises with additional capital to support its ongoing technology development and environmental processing initiatives, helping the company advance its sustainable materials business model.