secwatch.observer — SEC 8-K summary
======================================

Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2026-08-06T21:03:20+00:00
Accession:  0001213900-26-086226
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026086226/0001213900-26-086226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026086226/ea0300966-8k_olenox.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-086226

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