Substantial doubt about the company's ability to continue as a going concern.
“The Company began operations during 2021 and has incurred net losses since inception and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. As of June 30, 2026, the Company has an accumulated deficit of $49,760,186, and negative working capital of $18,211,980. The Company has funded its operations through bridge note financing, project level financing, and the issuance of its equity and debt securities. The above conditions raise substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 13, 2026
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RenX Enterprises Corp. exchanged $1,022,971.22 of debt for a $1,037,283.93 senior convertible note and a warrant for 644,944 shares on November 2, 2026; the prior note was cancelled, and the new note bears 10% annual interest.
RenX Enterprises Corp. registered up to 24,276,696 common shares for resale, representing approximately 699% of shares outstanding, and receives no proceeds from resales.
RenX Enterprises Corp. exchanged $1,446,774.32 of debt owed to James D. Burnham for 1,441 Series D preferred shares and a warrant for up to 124,438 common shares, both at $2.895 per share, and canceled the debt.
