RenX Enterprises Corp. (RENX) Form 424B5 — Oct 14, 2026
RenX Enterprises filed a 424B5 prospectus registering the resale of up to 24,276,696 shares by selling stockholders Alto Opportunity Master Fund, Anson Investments Master Fund, and Anson East Master Fund — equal to roughly 699% of its 3,472,508 shares outstanding as of October 5, 2026. The shares stem from senior convertible notes ($5.2M First Notes and ~$5.66M Second Notes at 10% interest) convertible at a floor price of $0.534, far below the $1.89 market price, plus 3,520,859 warrant shares exercisable at $2.67. The Purchase Agreement allows up to an additional $87,000,000 in future convertible notes, implying hundreds of millions of additional shares if issued and converted at the floor.
Key figures
- Offering Price
- N/A (resale by selling stockholders; $1.89 closing price Oct 5, 2026)
- Shares Offered
- 24276696
- Shares Outstanding
- 3472508
- Floor price
- $0.534
- Second notes principal
- $5,662,716.07
- Warrant exercise price
- $2.67
- Initial conversion price
- $2.895
- Max additional notes available
- $87,000,000
- Potential warrant cash proceeds
- $9.4 million
- Total conversion shares at floor
- ["10,711,613 (First Notes)","11,664,772 (Second Notes)"]
- Alternate conversion price recent
- $1.4795
- First notes principal outstanding
- $5,200,000
- Dilution percent of shares outstanding
- 699%
AI analysis
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