RenX Enterprises agreed to issue senior convertible notes totaling $6.0 million with a 12% annual interest rate. The notes mature 13 months after issuance and convert at a fixed price of $0.281 per share, while investors receive six-year warrants exercisable at $0.15594 per share equal to 100% of the notes’ face value.

The private placement is structured as an at-market Nasdaq transaction and is expected to close on or about February 13, 2026, subject to customary closing conditions. Dawson James is acting as the placement agent, and a registration rights agreement requires filing one or more resale registration statements covering the shares issuable upon note conversion and warrant exercise.

Net proceeds from the PIPE will be used primarily for working capital to extend operational runway. While the financing strengthens liquidity, the conversion and exercise terms introduce potential dilution that could influence the company’s future capital structure and share trading dynamics.