RenX shares surge 14.37% after-hours after restructuring Norman Berry investment, securing capital while retaining ownership upside.
ByAinvest
Tuesday, Feb 3, 2026 5:07 pm ET1min read
RENX--
RenX Enterprises surged 14.37% in after-hours trading following the announcement of a strategic restructuring of its $600,000 equity investment in the Norman Berry property, converting it into a secured note while retaining 50% ownership. The move, combined with expanded zoning entitlements permitting multifamily residential and mixed-use development, enhances the property’s marketability and risk-adjusted returns. The company emphasized that the restructuring preserves capital without dilution, with proceeds from the planned Q1 2026 sale expected to fund its core environmental processing and sustainable materials operations. These developments reinforced investor confidence in the company’s capital preservation strategy and growth potential, directly driving the post-market rally.
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