Olenox restates Q1-Q3 2025 financials; merger consideration overstated by $15.8M

OLENOX INDUSTRIES INC.

Independent auditors notified Olenox on July 31, 2026 that Q1-Q3 2025 financials were materially incorrect.
Error: acquisition-date fair value of 4M Series A Preferred shares issued in NAHD merger was $18.8M, not $34.6M.
Correction reduces consideration transferred and goodwill by $15.8M; no impact on net loss, EPS, cash flows, or working capital.
Company will amend and restate the three quarterly reports as soon as financials are completed and reviewed.
Auditor has been asked to furnish a letter to the SEC agreeing with these disclosures.

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