RenX Enterprises Corp. Secures Initial $13 Million of PIPE Financing; Up to $87 Million in Additional Financing Available

MIAMI, FL, May 05, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corporation (NASDAQ: RENX) (“RenX” or the “Company”) today announced that it has entered into a securities purchase agreement with institutional investors for a private investment in public equity (“PIPE”) financing. The transaction provides for an initial commitment of $13 million, with the potential for up to an additional $87 million in funding available from time to time upon mutual consent of the parties.