RenX Eliminates $7 Million of Debt in Equity Conversion
MIAMI, FL, June 11, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ:RENX) ("RenX" or the "Company") today announced a debt-to-equity conversion that reduces leverage and strengthens its balance sheet. The transaction is part of a deliberate effort to clean up the Company's capital structure and enhance the financial profile of the business as it prepares for its next phase of growth. RenX converted approximately $7 million of debt into preferred equity, removing that debt from its balance sheet. The debt was held by Company insiders, who exchanged it for preferred stock rather than common stock, so the conversion does not result in any immediate dilution to common shareholders. Th
