RenX Enterprises shares surge 61.20% premarket after acquiring $2.54M processing equipment to boost efficiency and revenue.

RenX Enterprises surged 61.20% in premarket trading following the announcement of completing a $2.54 million equipment purchase, including a Komptech Crambo shredder and a Diamond Z horizontal grinder. The acquisition, financed with a 30% down payment and secured notes, follows a review showing improved processing efficiency and throughput during the rental period. The company highlighted that the purchase supports its strategy to scale capacity amid a 2,700% year-over-year revenue surge, despite adding to its $26 million debt burden. The move underscores confidence in operational growth and aligns with recent debt restructuring efforts, including transferring property titles to reduce $5 million in liabilities. These developments, emphasizing enhanced efficiency and revenue potential, likely drove the sharp premarket rally.