RenX Enterprises Corp. 8-K

What Happened

• RenX Enterprises Corp. announced a reverse stock split of its common stock at a ratio of 1-for-20. Stockholders approved a reverse split range (1-for-5 to 1-for-20) on September 29, 2025; the Board selected 1-for-20 and filed a Certificate of Amendment with Delaware on March 25, 2026, effective 12:01 a.m. ET on March 26, 2026. The Nasdaq began trading the Common Stock on a split-adjusted basis when the market opened on March 26, 2026.
• The Reverse Stock Split reduces outstanding shares from approximately 50 million to about 2.5 million. No fractional shares will be issued; holders entitled to fractional shares will receive a cash payment calculated using the number of pre-split shares that would have produced the fraction multiplied by the average closing price on Nasdaq for the ten trading days before the Effective Time.

Key Details

• Reverse split ratio: 1-for-20 (final board decision).
• Effective time: 12:01 a.m. Eastern Time on March 26, 2026; Nasdaq trading adjusted March 26, 2026 opening.
• Outstanding shares: reduced from ~50,000,000 to ~2,500,000.
• Fractional-share treatment: cash-in-lieu paid by paying agent Equiniti Trust Company, LLC using a 10-day Nasdaq average price; trading symbol remains “RENX”; new CUSIP 78637J402.
• Equity adjustments: proportionate changes to outstanding stock options, warrants and other convertible securities and their exercise prices.

Why It Matters

• The primary purpose is to increase the per-share trading price to help RenX meet Nasdaq’s minimum bid price requirement (generally $1.00) and maintain its listing. For investors, the split does not change each holder’s overall ownership percentage (other than small cash payments for fractional shares), but it does change the share count and per-share basis.
• The filing notes there is no guarantee the reverse split will raise the stock price sufficiently or for the required period. Investors should be aware of the mechanical effects on share count, option/warrant terms and potential cash-in-lieu payments for fractional shares.