◆ NeutralRENX
RenX Eliminates $7 Million of Debt in Equity Conversion
GlobeNewswire Inc.·
RenX Enterprises Corp. (NASDAQ: RENX) announced a debt-to-equity conversion of approximately $7 million held by company insiders, exchanging debt for preferred stock at $2.895 per share. The transaction reduces leverage and strengthens the balance sheet without immediate dilution to common shareholders, positioning the company for growth in its environmental processing and logistics operations.
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