Entrex Slashes Reg A+ Offering from $75M to $20M, Adds Tiered Pricing
NTRX is trading near its 52-week low of $0.25 (10% above the low).
Summary
Entrex Carbon Market cut its Reg A+ offering from $75M to $20M, introduced tiered pricing from $1.00 to $4.00 per share, and pivoted its business focus to data center acquisitions. The company has only $10,731 in cash and faces substantial going concern risk.
Key Events · Financing and Capital Events · NTRX
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Offering Downsized from $75M to $20M
The maximum offering amount was reduced from $75 million to $19,999,999, with share count cut to 10,416,665 shares. Tiered pricing was introduced: $1.00 for first 5M shares, $2.00 for next 2.5M, $3.00 for next 1.67M, and $4.00 for remaining shares.
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Offering Priced at 3.6x-14.5x Market Price
The $1.00 to $4.00 offering price range is 3.6x to 14.5x the current stock price of $0.27619. Investors would pay a substantial premium to the public market for shares in a pre-revenue company.
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Business Pivot to Data Centers
The business description was revised from Bitcoin mining facilities to data center acquisitions. All carbon offset disclosures, including ISO certification and securitization, were removed.
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Going Concern Risk with $10,731 Cash
As of June 30, 2026, the company had only $10,731 in cash and used $234,130 in operating activities during the six-month period. The risk factors explicitly state 'substantial doubt about our ability to continue as a going concern.'
Analysis · NTRX · Trade & Services
Entrex Carbon Market has dramatically downsized its Regulation A+ offering from the previously disclosed $75 million at $2.00 per share to a maximum of $19,999,999 across 10,416,665 shares with tiered pricing from $1.00 to $4.00. The company also pivoted its business description from Bitcoin mining facilities to data center acquisitions and removed all carbon offset disclosures. With only $10,731 in cash as of June 30, 2026 and a going concern warning in the risk factors, this offering is critical for survival — but the reduced size and tiered pricing suggest weaker-than-expected investor demand. The offering price of $1.00 to $4.00 per share is 3.6x to 14.5x the current stock price of $0.27619, meaning investors would be paying a massive premium to the public market price for shares in a pre-revenue company with substantial doubt about its ability to continue as a going concern.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.6% of the 1590 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NTRX was trading at $0.28 on OTC in the Trade & Services sector, with a market capitalization of approximately $4.7M. The 52-week trading range was $0.25 to $5.19. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.