---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-070375"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2026-06-22T12:00:20+00:00"
generated_at: "2026-06-22T12:06:41.653295+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Olenox acquires CS Digital Ventures for $30M upfront plus earnout; issues Series E preferred

## Summary
- Acquired 100% of CS Digital for $30M upfront ($14M Series E preferred + $16M unsecured note) plus warrants for 1.5M shares at $5/$7/$9.
- Up to $20M additional Series E earnout shares tied to cumulative revenue and Adjusted EBITDA milestones.
- CS Digital operates 35 MW of installed power capacity for bitcoin mining and high-density compute workloads.
- Series D preferred stock exchanged for Series E; conversion capped at 19.9% of outstanding common until stockholder approval obtained.
- Seller note of $16M unsecured, customary terms; registration rights and non-compete covenants apply.

## SEC filing metadata
- accession: 0001213900-26-070375
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2026-06-22T12:00:20+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 2.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390026070375/0001213900-26-070375-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390026070375/ea0295356-8k_olenox.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-070375
- JSON: https://secwatch.observer/filing/0001213900-26-070375.json
- Plain text: https://secwatch.observer/filing/0001213900-26-070375.txt

## Key facts
- Debt Financings
  OLENOX INDUSTRIES INC. incurred debt of US$16,000,000 with CS Digital Ventures, LLC and the Sellers.
  - Principal: US$16,000,000
  - Counterparty: CS Digital Ventures, LLC and the Sellers
  - Event: incurrence
  source text: issued shares of the Company’s Series E Preferred Stock, par value $1.00 per share (the “Series E Preferred Stock”), issued at a stated value of $100.00 per share, and (b) US$16,000,000 in the form of an unsecured promissory note issued by the Company to the Sellers (the “Seller Note”); (ii) warrants to purchase an aggregate of 1,500,000 shares of the Company’s
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390026070375/0001213900-26-070375-index.htm
- Governance Changes
  OLENOX INDUSTRIES INC.: Filed Certificate of Designation of Series E Preferred Stock establishing rights, preferences, privileges and restrictions (effective 2026-06-17).
  - Change: charter amendment
  - Effective: 2026-06-17
  source text: On June 17, 2026, in connection with the closing of the Acquisition, the Company filed a Certificate of Designation of Series E Preferred Stock (the “Certificate of Designation”) with the Secretary of State of the State of Delaware, establishing the rights, preferences, privileges and restrictions of the Series E Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390026070375/0001213900-26-070375-index.htm
- M&A Transactions
  OLENOX INDUSTRIES INC. completed an acquisition involving CS Digital Ventures, LLC for US$30,000,000 in upfront consideration (closed 2026-06-16).
  - Action: acquisition
  - Counterparty: CS Digital Ventures, LLC
  - Consideration: US$30,000,000 in upfront consideration
  - Closing: 2026-06-16
  source text: Secretary of State on or about June 17, 2026. Aggregate Consideration. The aggregate consideration payable by the Company under the Amended Purchase Agreement consists of: (i) US$30,000,000 in upfront consideration, payable at closing, comprised of (a) US$14,000,000 in newly issued shares of the Company’s Series E Preferred Stock, par value $1.00 per share (the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390026070375/0001213900-26-070375-index.htm
- Material Agreements
  OLENOX INDUSTRIES INC. amended Amended Purchase Agreement with CS Digital Ventures, LLC valued at US$30,000,000 in upfront consideration (effective 2026-06-16).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: CS Digital Ventures, LLC
  - Value: US$30,000,000 in upfront consideration
  - Effective: 2026-06-16
  source text: On June 16, 2026, Olenox Industries Inc., a Delaware corporation (the “Company”), entered into an Amended and Restated Membership Interest Purchase Agreement (the “Amended Purchase Agreement”) with CS Digital Ventures, LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390026070375/0001213900-26-070375-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.