RenX Enterprises Raises $6 Million in Private Placement

Reuters
17 hours ago
RenX Enterprises Raises $6 Million in Private Placement

RenX Enterprises Corp. announced it has entered into a securities purchase agreement for a $6.0 million private placement, issuing Senior Convertible Notes bearing 12% interest and maturing in 13 months, convertible at a fixed price of $0.281 per share. The company will also issue warrants exercisable at $0.15594 per share. The proceeds will be used primarily for working capital. The securities will be sold in a private placement and are not registered under the Securities Act.

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