secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0001213900-26-038873
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Olenox shareholders approve 40x increase in authorized shares, reverse split; reject merger
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- Authorized common stock increased from 75M to 3B shares (40x), enabling massive potential dilution.
- Reverse stock split authorized at ratio of 1-for-10 to 1-for-20, with board to select exact ratio.
- Shareholders rejected merger with New Asia Holdings and conversion of Series A Preferred Stock.
- Approved issuances of >20% of outstanding common stock to Generating Alpha Ltd. and JAK Industrial Ventures I LLC.
- All seven director nominees elected; RBSM LLP ratified as auditor; say-on-pay and stock plan increase approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026038873/0001213900-26-038873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026038873/ea0284721-8k_olenox.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-038873

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer