secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2026-07-10T17:33:51+00:00
Accession:  0001213900-26-077049
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Olenox acquires neurotech firm Psylinks for $500K in stock; related party transaction
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- Acquired 100% of Psylinks Neurotech Corp. for $500,000 in restricted common stock (104,166 shares at $4.80/share).
- Psylinks is a neurotechnology and applied intelligence company combining neuroscience, AI, and closed-loop feedback.
- Key employees Dr. Ford Burles (VP Product Development) and Dr. Michael McLaren-Gradinaru (VP Technology) to be hired.
- Transaction is a related party transaction due to familial relation between a seller and Chairman Michael McLaren; Chairman abstained from board vote.
- Acquisition closed on July 3, 2026; Psylinks becomes wholly owned subsidiary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026077049/0001213900-26-077049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026077049/ea0297668-8k_olenox.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-077049

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