RenX Enterprises Corp. (NASDAQ: RENX), a technology-driven environmental processing and sustainable materials company, has announced a 1-for-20 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on March 26, 2026. This decision follows the approval by the company's stockholders at the annual meeting held on September 29, 2025. The reverse stock split aims to increase the per-share trading price of the common stock to meet Nasdaq's minimum bid price requirement of $1.00 per share. The company anticipates that this move will make its stock more attractive to a broader range of institutional and retail investors. Following the split, the number of outstanding shares will decrease from approximately 50 million to about 2.5 million, while the trading symbol will remain 'RENX'. No fractional shares will be issued; instead, stockholders entitled to fractional shares will receive cash payments based on the average closing sales price of the common stock for the ten days preceding the effective time. The company remains optimistic about its business outlook and continues to focus on producing value-added compost and engineered soils for various markets.

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