secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K/A
Filed at:   2026-10-01T22:21:17+00:00
Accession:  0001213900-26-105957
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Olenox corrects CS Digital pro forma errors; acquisition consideration totaled $52.1M
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- Olenox corrected pro forma errors: Series E Preferred Stock was mislabeled Series D and earnout thresholds in Note 2 were misstated; no other modifications made.
- CS Digital acquisition closed May 26, 2026 with $30M upfront: $14M Series E Preferred (140,000 shares at $100) plus $16M Seller Note; total consideration $52,115,243.
- Warrants cover 1,500,000 common shares at $5.00, $7.00 and $9.00 per share; up to $20M more Series E Preferred is tied to $5M cumulative revenue and $6M Adjusted EBITDA.
- Pro forma combined balance sheet shows $88,208,384 total assets, $15,399,703 contingent consideration liability, $21,450,140 preliminary goodwill, and $16,000,000 Seller Note payable.
- Pro forma net loss was $(20,688,239), or $(181.62) per share, for FY2025 and $(3,637,628), or $(5.78) per share, for Q1 2026; CEO Michael McLaren signed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026105957/0001213900-26-105957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026105957/ea0307291-8ka2_olenox.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-105957

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