Loan & DebtOct 2, 2026, 05:01 PM
RMX Industries Extends $2.02M Convertible Note Maturity to Dec 2026
AI Summary
RMX Industries, Inc. has announced an extension for a senior secured convertible note originally issued for $2,020,000. The maturity date has been pushed to December 31, 2026, with a potential further extension to March 31, 2027, contingent on the company's common stock uplisting to a national exchange before the end of 2026. This note is part of a larger offering of $50,000,000 in convertible notes bearing a 15% interest rate.
Key Highlights
- RMX Industries extended the maturity date of its $2,020,000 senior secured convertible note to December 31, 2026.
- The note's maturity date will automatically extend to March 31, 2027, upon the uplisting of the Company's Common Stock to an eligible national securities exchange before December 31, 2026.
- The Company previously entered into a securities purchase agreement for a series of senior secured convertible notes totaling $50,000,000 with a 15% interest rate.
Price Impact
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