secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2026-06-22T12:00:20+00:00
Accession:  0001213900-26-070375
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.03, 2.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026070375/0001213900-26-070375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026070375/ea0295356-8k_olenox.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-070375

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