secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2026-05-28T12:30:18+00:00
Accession:  0001213900-26-061792
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.03, 2.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Olenox acquires CS Digital for $30M upfront; launches gas-powered data center platform
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- Acquired 100% of CS Digital Ventures for $30M upfront ($14M Series D Preferred + $16M unsecured note) plus warrants.
- Sellers received warrants to purchase 1.5M shares at $5, $7, $9 per share; up to $20M earnout in preferred stock.
- CS Digital operates ~35 MW of installed power capacity; reported 2025 revenue of $20.6M and EBITDA of $6.2M.
- Conversion of preferred and exercise of warrants require stockholder approval under Nasdaq rules.
- Acquisition creates gas-powered, off-grid data center platform targeting power costs below $0.02/kWh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026061792/0001213900-26-061792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026061792/ea0292420-8k_olenox.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-061792

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