RenX Enterprises Corp. 8-K

What Happened
RenX Enterprises Corp. (through subsidiaries) announced a Restructuring and Collateral Agreement dated January 6, 2026 to address an outstanding promissory note of approximately $7.0 million tied to its Lago Vista (Lake Travis, Texas) project. Under the deal, LV Peninsula Holding, LLC issued a conditional $5,000,000 promissory note, transferred title to the Lago Vista property to the lender, and executed other documents (deed in lieu, deed of trust/security agreement). LV Peninsula also entered a Loan Modification securing $2.0 million of the remaining balance with a Durant, Oklahoma property and the Company pledged its 50% membership interest in Norman Berry II Owners, LLC as collateral.

Key Details

• Outstanding promissory note: approx. $7.0 million (prior to the agreement).
• Conditional New Note: $5,000,000; will automatically take effect within 24 months if project completion or full indebtedness conditions are not met; bears 13.50% annual interest, interest-only payments for 12 months, maturity December 1, 2028.
• $2.0 million of the debt is secured by the Durant, Oklahoma property via a Loan Modification.
• Company transferred title to the Lago Vista property to the lender in exchange for the lender’s agreement to conditionally extinguish $5.0 million of the outstanding note; upon any sale of Lago Vista, RenX would receive 70% of net proceeds in excess of $5.0 million (plus additional new funds for project completion and accrued interest/penalties).

Why It Matters
This agreement materially restructures RenX’s debt related to its Lago Vista development and increases secured obligations (including pledging equity in Norman Berry and additional property liens). It also shifts title of the Lago Vista asset to the lender unless project and payment conditions are met, while preserving a potential recovery mechanism (70% of net sale proceeds above $5.0M). Investors should note the higher interest rate on the conditional New Note, the creation of secured obligations, and the potential impact on the company’s asset control and balance sheet; the filing does not report earnings or management changes.