RENX News & Events

RenX Enterprises announced that it has received written confirmation from MTDH Germany that the UTM 1200 Turbo Mill ordered by the company has been completed and is being prepared for shipment. Delivery to the company is expected in April 2026. "Our team has been executing across every aspect of the pre-installation program, from engineering and vendor contracting to site preparation, and we are well-positioned to move into active installation as the mill arrives on-site in April," said David Villarreal, CEO of RenX Enterprises. "We look forward to providing further updates as we advance through commissioning and into production."

RenX Enterprises Corp trading halted, news pending

RenX Enterprises announced that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.001 per share, that will become effective at 12:01 a.m. Eastern Time on March 26. The company's common stock will continue to trade on Nasdaq on March 26. The 1-for-20 reverse split will proportionally reduce the number of outstanding shares of company common stock from approximately 50M shares to approximately 2.5M shares and the ownership percentage of each shareholder will remain unchanged other than as a result of fractional shares. The reverse split is intended to bring the company into compliance with the minimum bid price requirement for maintaining the listing of its common stock on Nasdaq.