RMX INDUSTRIES, INC. (RMXI) Form 8-K — Oct 23, 2026
$RMXIForm 8-KItems 1.01, 2.03, 3.02, 9.01Filed Oct 23, 2026, 5:16 PM ET0001213900-26-112184Original filing
RMX Industries entered a Securities Purchase Agreement with Vanquish Funding Group on October 21, 2026, issuing a 12% promissory note with $295,550 principal for just $257,000 in cash, maturing October 15, 2027, with up to $1.1 million in additional tranches possible over the next twelve months. The note is subordinated to prior JAK notes and repayable over seven monthly installments totaling $331,016 starting April 2027.
Key figures
- Debt Amount
- 295550
- Interest Rate
- 12
- Maturity Date
- 2027-10-15
- Purchase price
- 257000
- Total repayable
- 331016
- Default percentage
- 150% (200% upon subsequent 3.1(b) default)
- Conversion discount
- 35% (conversion price = 65% of lowest closing bid over 10 trading days)
- Default interest rate
- 22
- Original issue discount
- 38550
- Conversion delay penalty
- $2,000 per day fail-to-deliver fee
- Additional tranches up to
- 1100000
- Buyer expense reimbursement
- 7000
- Shares issued outstanding class a
- 10078844
- Shares issued outstanding class b
- 333334
AI analysis
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