RenX Enterprises Corp.

RenX Enterprises Corp. announced the appointment of James D. Burnham as its new Director of Growth and M&A, effective immediately. Mr. Burnham, a co-founder of the company's Biomass Recycling subsidiary, Resource Group, has stepped down from the Board of Directors to fully commit to this new operating role. With over 30 years of industry experience, he will be responsible for leading RenX's growth initiatives, including sourcing acquisitions and developing projects across its Biomass Recycling and Logistics segments.

James D. Burnham resigned from the Board of Directors of RenX Enterprises Corp. on July 1, 2026. His resignation was not due to any disagreement with the company. Concurrently, Mr. Burnham entered into an employment agreement to serve as the company's Director of Growth & M&A for a one-year term, with an annual base salary of $275,000 and a potential 15% discretionary bonus. His prior consulting agreement was terminated.

RenX Enterprises Corp. provided an update on the deployment of its Microtec UTM 1200 Turbo Mill at its Myakka City, Florida facility. The mill's transport from Germany is now scheduled for late July 2026, with arrival in the US expected in Q3 2026, a delay from the previously anticipated April 2026 delivery. The revised timeline is due to longer lead times for spare parts and German customs delays, while site preparation and concurrent fabrication of other system components are underway.

RenX Enterprises Corp. announced a debt-for-equity exchange, converting $7.17 million of outstanding debt and accrued interest into Series C Convertible Preferred Stock and common stock purchase warrants. This transaction, involving a related party, aims to reduce leverage and strengthen the company's balance sheet. The preferred stock is convertible into common stock at $2.895 per share, with provisions for adjustments and limitations. Additionally, the company amended its incentive compensation plan to reflect its new name and adjusted share availability.

RenX Enterprises Corp. announced a debt-to-equity conversion, transforming approximately $7 million of insider-held debt into preferred equity. This strategic move aims to reduce leverage, strengthen the balance sheet, and improve the company's financial profile without immediate dilution to common shareholders. The conversion reflects insider confidence and positions RenX for greater flexibility in pursuing growth capital and investing in its environmental processing and logistics platform.

RenX Enterprises Corp. reported a record delivery quarter at its Myakka City, Florida facility, with 65,572 cubic yards of finished mulch, compost, and wood products delivered in Q1 2026. This represents an approximately 57% increase over the prior quarter and is the highest quarterly total since the operation's acquisition in June 2025. Additionally, an independent drone survey on April 2, 2026, measured approximately 184,700 cubic yards of material on-site.

RenX Enterprises Corp. provided an operational update on its integrated Florida processing platform, highlighting its strategic positioning in the global soil amendments market. The company currently serves 117 commercial customers and its subsidiary Zimmer Equipment generated $5.94 million in revenue in fiscal 2025. RenX plans to commission the Microtec UTM 1200 Turbo Mill in the second half of 2026, which will convert oversize material into engineered substrate, targeting commercial counterparties currently sourcing imported alternatives.

RenX Enterprises Corp. announced that its wholly owned subsidiary, Zimmer Equipment Inc. (ZEI), has been approved as a master carrier for a major U.S. steel manufacturer. This approval establishes a commercial relationship, authorizing ZEI to transport steel and steel products between the manufacturer's facilities across the United States. ZEI has already received several shipping orders, providing access to broad and recurring industrial freight volume. This aligns with RenX's strategy to build durable, diversified revenue streams and validates ZEI's heavy equipment hauling capabilities.

RenX Enterprises Corp. disclosed select first quarter 2026 operating details for its Logistics and Biomass Recycling segments, complementing its consolidated financial results. The company generated over $11 million in consolidated revenue in the 15 months following its June 2025 acquisitions, with Q1 2026 consolidated revenue reaching approximately $3.96 million, reflecting 20% sequential growth. The Logistics segment achieved positive operating and net income in Q1 2026, while the Biomass Recycling segment saw mulch revenue nearly double.

RenX Enterprises Corp. announced three operational updates supporting the planned deployment of its Microtec UTM 1200 Turbo Mill at its Myakka City, Florida facility. These updates include the initiation of a customer sample run at Microtec's German facility, the acquisition of a spare parts package for the mill, and the funding of contract deposits for site commissioning and electrical infrastructure. While the spare parts bundling caused a modest delay in the mill's shipment, these steps are intended to accelerate the time from physical delivery to the start of production.