secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0001213900-26-015893
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026015893/0001213900-26-015893-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026015893/ea0276995-8k_olenox.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-015893

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