RENX ENTERPRISES CORP. Form 8-K: Material Definitive Agreement and Shareholder Meeting Results
On June 11, 2026, RENX ENTERPRISES CORP. entered into an exchange agreement with Index Equity US, LLC to exchange $7,169,072.79 of outstanding debt for 7,169 shares of Series C Convertible Preferred Stock and a common stock purchase warrant. The preferred stock is convertible into common stock at an initial price of $2.895 per share, and the warrant allows the purchase of up to 619,084 shares of common stock at $2.895 per share. The company also held its 2026 Annual Meeting of Stockholders on June 12, 2026, where several proposals were voted on. Key outcomes include the approval of an amendment to the 2023 Incentive Compensation Plan to increase authorized shares, the election of directors, ratification of the auditor, and approval for the issuance of shares related to warrant exercises and convertible note conversions. Additionally, a reverse stock split proposal was approved, allowing for a 1-for-5 to 1-for-10 split at the Board's discretion. The company announced these events via a press release on June 11, 2026.