---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-071746"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:21:26.286392+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Safe & Green signs non-binding LOI to acquire Rock Springs Energy for ~$35M

## Summary
- Non-binding LOI to purchase 100% of Rock Springs Energy Group for estimated $35M, final subject to due diligence.
- Acquisition includes a mothballed, incomplete oil refinery in Rock Springs, Wyoming, plus associated assets and permits.
- 60-day due diligence period; 60-day exclusivity; definitive agreement targeted within 30 days after due diligence completion.
- Expected financing through debt and equity; aligns with strategy to build an integrated oil and gas company.
- Transaction is non-binding and subject to definitive agreement, regulatory approvals, and closing conditions.

## SEC filing metadata
- accession: 0001213900-25-071746
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390025071746/0001213900-25-071746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390025071746/ea0251791-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-071746
- JSON: https://secwatch.observer/filing/0001213900-25-071746.json
- Plain text: https://secwatch.observer/filing/0001213900-25-071746.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.