Olenox settles $1.73M debt with Cedar Advance by issuing up to 500k shares plus potential true-up

OLENOX INDUSTRIES INC.

Company issues up to 500,000 common shares (Initial Shares) as settlement for $1,732,500 outstanding balance on three merchant cash advance agreements.
True-up provision: if proceeds from Initial Shares sale are less than $1,732,500, additional shares issued based on 10-day VWAP.
Beneficial ownership limitation caps issuance at 4.99% of outstanding common stock at any time.
Cedar agrees to vote all shares in favor of resolutions at the March 2026 annual meeting per voting agreement.
Parties release all claims related to the MCAs; settlement subject to confidentiality and non-disparagement terms.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLENOX INDUSTRIES INC. entered into Settlement Agreement with Cedar Advance LLC valued at $1,732,500 (effective 2026-02-10).

Action: entry
Agreement: settlement
Counterparty: Cedar Advance LLC
Value: $1,732,500
Effective: 2026-02-10

Exact text from the filing

On February 10, 2026 (the “Effective Date”), Olenox Industries Inc. (the “Company”), executed a mutual settlement and release agreement (the “Settlement Agreement”) with Cedar Advance LLC (“Cedar”), to resolve the outstanding balance of $1,732,500 (the “Balance”) owed by the Company pursuant to those certain Standard Merchant Cash Advance Agreements between the Company and Cedar.

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OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-26-015893

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