RenX Enterprises Corp. 8-K

What Happened

• RenX Enterprises Corp.’s wholly owned subsidiary Resource Group LLC entered into two Negotiable Promissory Note and Security Agreements with Commercial Credit Group, effective December 30, 2025, to finance the purchase of a Komptech Crambo shredder and a Diamond Z horizontal grinder. The equipment purchase was about $2.54 million; the combined principal of the notes is $2,555,186.

Key Details

• Lender: Commercial Credit Group; Borrower: Resource Group LLC (RenX subsidiary).
• Note amounts: First Note $1,507,658; Second Note $1,047,528 (total $2,555,186).
• Payment terms: First Note — $265,266 due 12/30/2025, then 48 monthly payments of $25,879. Second Note — $195,000 due 12/30/2025, then 48 monthly payments of $17,761.
• Security: Notes are secured by all assets of Resource Group (all present and future assets). Default remedies include acceleration of the debt, repossession and sale of collateral, and automatic interest rate increase to the maximum lawful rate (not to exceed 18% per annum) under certain defaults.
• Down payment / prior deployment: 30% down ($700,000) was previously deployed under a rental arrangement toward the purchase.

Why It Matters

• This 8-K reports a material financing arrangement that creates a new secured debt obligation for RenX (via its Resource Group unit), increasing leverage and encumbering the subsidiary’s assets as collateral. Investors should note the payment schedule, the full-asset security interest, and default remedies (including potential interest rate hikes and acceleration), which could affect cash flow and collateral availability if Resource Group faces payment difficulties. The filing also constitutes the creation of a direct financial obligation under SEC reporting rules.