RenX Enterprises Corp.

RenX Enterprises Corp. announced an exchange agreement with James D. Burnham, its Director of Growth & M&A, to convert $1,446,774.32 of outstanding debt into 1,441 shares of Series D Convertible Preferred Stock and warrants to purchase 124,438 shares of common stock. The preferred stock is convertible at $2.895 per share, subject to certain limitations including Nasdaq rules and beneficial ownership caps. The company also filed the Certificate of Designation for the Series D Preferred Stock, detailing its terms, including a floor price of $1.50 and dividend accrual of 8% on stated value.

RenX Enterprises Corp. reported a significant widening of its net loss to $8.02 million for Q2 2026, up from $5.72 million in Q2 2025, and a net loss of $17.35 million for the first six months of 2026. Despite a substantial increase in sales, the company faces a going concern warning due to accumulated deficits and negative working capital. RenX continues its strategic shift into engineered soils and organic recycling, while also monetizing legacy real estate assets.

RenX Enterprises Corp. announced record financial results for the second quarter ended June 30, 2026, with consolidated revenue reaching $4.26 million, a 7.5% increase quarter-over-quarter. The Logistics segment achieved its second consecutive profitable quarter, with operating income nearly tripling, and the Compost Sales segment also saw significant revenue growth. The company narrowed its net loss to $8.0 million and increased its cash position to $2.16 million. Key strategic progress includes the Microtec UTM 1200 Turbo Mill shipping from Germany for commissioning in the second half of 2026, and the launch of a new land clearing division with its first purchase order. Additionally, RenX recapitalized a $7.2 million legacy debt obligation.

RenX Enterprises Corp. announced that its licensed Microtec milling system has departed the Port of Hamburg and is now in ocean transit to the Port of Miami, with arrival anticipated in mid-August. Following customs clearance, the system will be transported to the company's Myakka City, Florida facility for installation and commissioning, which remains on schedule for the second half of 2026. This system is a cornerstone of RenX's strategic shift towards producing engineered growing media with repeatable quality.

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.