Regenx Announces Non-Brokered Financing for Gross Proceeds of $230,833

April 1, 2026 - 17:16

Regenx Tech Corp. has successfully closed a non-brokered financing round, raising gross proceeds of $230,833. The capital was secured through the issuance of unsecured debentures.

The newly issued debentures carry a significant annual interest rate of 25 percent. According to the terms, the company retains the right to redeem the debentures at any time, provided it gives a 10-day prior written notice to the holders.

Management has stated that the incoming funds are earmarked for essential corporate purposes. The primary use of the proceeds will be to support ongoing operational needs and general working capital requirements. This financing move is positioned as a strategic step to bolster the company's financial position and ensure the continuity of its business activities.

The completion of this financing provides Regenx with immediate capital to advance its corporate strategy without engaging a brokerage firm, allowing for a direct and expedited transaction. The company's leadership views this as a crucial infusion of capital to maintain momentum and execute its planned operational objectives in the coming period.