other_material
confidence high
sentiment neutral
materiality 0.45
Olenox Industries issues 900 Series C Preferred shares in second closing for $810K gross
OLENOX INDUSTRIES INC.
- Issued 900 Series C Preferred shares with $900K stated value at $810K purchase price (10% discount) to JAK Industrial Ventures I.
- Net proceeds to company approximately $718,300 after 7% placement agent fee to WestPark Capital and expenses.
- Shares are convertible into common stock; Registration Rights Agreement filed to register resale of underlying shares.
- Second closing under Nov 25, 2025 Securities Purchase Agreement; additional closings remain possible per terms.
- Proceeds used for general corporate purposes; commission paid to placement agent.
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