Subsidiary SG Echo LLC files Chapter 11; Olenox continues normal operations

OLENOX INDUSTRIES INC.

Subsidiary SG Echo LLC filed voluntary Chapter 11 on April 28, 2026 in Eastern District of Oklahoma.
Chapter 11 filing applies solely to SG Echo; Olenox and other subsidiaries continue normal operations.
Filing accelerated ~$4M debt under Enhanced Loan Agreement; enforcement stayed by bankruptcy.
SG Echo expects to reduce liabilities by an estimated $2 million through the reorganization plan.
SG Echo's manufacturing facility was relocated to Conroe, Texas to improve operations.

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