---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-015893"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2026-02-13T23:59:59+00:00"
generated_at: "2026-05-16T02:41:27.192810+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-015893
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2026-02-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390026015893/0001213900-26-015893-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390026015893/ea0276995-8k_olenox.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-015893
- JSON: https://secwatch.observer/filing/0001213900-26-015893.json
- Plain text: https://secwatch.observer/filing/0001213900-26-015893.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390026015893/0001213900-26-015893-index.htm

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