Key Highlights

• RMX Industries (OTC: RMXI) extended the maturity of a $2.02 million secured convertible note to August 31, 2026.

• The note carries a 15% interest rate and is convertible into Class A common stock at $0.001 par value per share.

• The extension follows a $50 million aggregate principal financing agreement with an institutional investor.

• Initial closing of the offering occurred on November 5, 2025, with subsequent maturity adjustments.

Debt Extension Announced

RMX Industries (OTC: RMXI) has secured an extension on a $2.02 million secured convertible note, pushing its maturity to August 31, 2026. The adjustment was finalized via email with the institutional investor on June 22, 2026, marking the second extension since the note’s original issuance.

Convertible Note Terms

The note bears a 15% interest rate and is convertible into shares of RMX Industries’ Class A common stock at a par value of $0.001 per share. The debt forms part of a broader $50 million financing agreement, structured as senior secured convertible notes.

Initial Financing Details

The initial closing of the $50 million offering took place on November 5, 2025, with RMX Industries issuing the $2.02 million note to the investor. The original maturity was set for March 31, 2026, before being extended to May 30, 2026, and now to August 31, 2026.

Institutional Investor Agreement

The financing arrangement was first disclosed in filings dated October 17, 2025, and November 6, 2025. The notes are secured and rank senior to other debt obligations, providing the investor with priority in repayment.

Regulatory Compliance

The extension and related disclosures comply with the Securities Exchange Act of 1934. RMX Industries filed the necessary documentation to reflect the updated terms, ensuring transparency for shareholders and regulators.

Market Implications

The extension provides RMX Industries additional time to manage its debt obligations amid ongoing financing activities. The $50 million offering remains a key component of the company’s capital structure strategy.

Stockholder Considerations

Investors should monitor the potential dilution impact if the notes are converted into common stock. The $0.001 par value per share sets a baseline for conversion calculations, though market conditions will influence the final outcome.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.