US Market News
1月前
Olenox Industries Provides Corporate UpdateMay 28, 2026 4:20 PM
ACCESS NewswireCONROE, TX / ACCESS Newswire / May 28, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated energy company focused on oil and gas, energy services and energy technologies, reports that on May 28, 2026, it received a delinquency notice from Nasdaq as it had not yet filed its Form 10-K for the period ending December 31, 2025. Under Nasdaq Listing Rules, the Company until June 22, 2026, to submit a plan to regain compliance with respect to these delinquent reports.The Company anticipates that, on or before June 22, 2026, it will submit a plan to regain compliance or, alternatively, that it will file the Form 10-K for the period ending December 31, 2025, to cure the deficiency. The Company remains committed to maintaining compliance with all Nasdaq listing requirements and will continue to ensure timely and transparent communication with its stakeholders.About Olenox Industries Inc.Olenox Industries Inc. (NASDAQ:OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend," or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumption from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully complete and file its Form 10-K within the required timeframe, the Company's ability to successfully submit a plan to Nasdaq its plan to regain compliance with Nasdaq listing requirements, the Company's ability to maintain compliance with NASDAQ listing requirements, and the factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and Olenox undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.Investors: investors@olenox.comSOURCE: Olenox Industries Inc.View the original press release on ACCESS NewswireOriginal: Olenox Industries Provides Corporate Update
Trooperstocks
1月前
$OLOX News: Olenox Industries Completes Acquisition of CS Digital Ventures, Launching a Vertically Integrated, Gas-Powered Platform for Energy-Intensive Data Centers and Next-Generation Compute
Olenox Industries Inc.
Thu, May 28, 2026 at 8:30 AM EDT 9 min read
Closing of the transaction establishes a U.S.-based, gas-powered, off-grid digital infrastructure platform targeting power costs below $0.02 per kWh for energy-intensive data center, AI and high-density compute workloads
CONROE, TX / ACCESS Newswire / May 28, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated U.S. energy company, today announced the closing of its acquisition of 100% of the membership interests of CS Digital Ventures, LLC ("CS Digital"), an energy-intensive data center and digital infrastructure company co-founded by industry pioneer Bernardo Schucman. With the closing of the transaction, the combined company launches a differentiated, energy-led digital infrastructure platform purpose-built to convert low-cost natural gas into compute at the point of generation.
Transaction Overview
Under the terms of the definitive agreement, the Company acquired 100% of the membership interests of CS Digital for total upfront consideration of US$30 million, consisting of (i) US$14 million in newly issued Series D Preferred Stock of Olenox, with a par value of $1.00 per share and a stated value of $100.00 per share, and (ii) US$16 million in the form of an unsecured promissory note issued by Olenox to the equityholders of CS Digital (the "Seller Note").
As additional consideration, the equityholders of CS Digital also received warrants to acquire an aggregate of 1,500,000 shares of Olenox common stock, comprised of three equal tranches of 500,000 shares each with exercise prices of $5.00, $7.00 and $9.00 per share, respectively (collectively, the "Warrants").
The equityholders of CS Digital are also entitled to receive up to an additional US$20 million in additional Series D Preferred Stock, upon the achievement of two pre-agreed milestones tied to cumulative revenue and cumulative Adjusted EBITDA of CS Digital following the closing.
In accordance with applicable Nasdaq listing requirements, the Series D Preferred Stock and the Warrants are not convertible or exercisable into Olenox common stock prior to receipt of stockholder approval, which the Company intends to seek following the closing.
The transaction was unanimously approved by the boards of directors of both companies and satisfied all customary closing conditions.
Strategic Rationale: Energy at the Point of Generation
The combined company is built around a single thesis: that the next phase of digital infrastructure will be won by operators that control low-cost, reliable, and rapidly deployable power at the point of generation. By pairing Olenox's upstream natural gas position, midstream capabilities and proprietary processing technology with CS Digital's operating depth in institutional-scale energy-intensive data centers, the combined platform intends to develop and operate off-grid, gas-powered data centers targeting all-in power costs of less than $0.02 per kWh - a level the parties believe represents a structural efficiency advantage in the current market.
CS Digital contributes to the combined platform approximately 35 MW of installed power capacity currently in operation, 2025 revenue of US$20.6 million and 2025 EBITDA of US$6.2 million. Management believes the resulting platform can scale across a broad set of energy-intensive data center and high-performance compute workloads, including emerging artificial intelligence (AI) applications, with the ability to provide infrastructure services to third-party hyperscale and enterprise customers.
Management Commentary
"Closing this combination is a strategic step in Olenox's evolution into an energy-led digital infrastructure company," said Mike McLaren, Chairman and Chief Executive Officer of Olenox. "Our platform was built around proprietary processing technology and direct access to natural gas resources. Combining that foundation with CS Digital's operating capability, its attractive financial profile, and Bernardo's proven leadership in energy-intensive data center infrastructure positions us to compete in the next phase of digital infrastructure growth - one in which energy, not real estate, will be the binding constraint. We believe we are creating a platform with the technical and commercial depth to serve a broad range of energy-intensive compute customers, including AI customers, from the same energy base."
Mr. McLaren brings more than three decades of operational experience across upstream oil and gas, energy services and energy technologies. He is the founder of Olenox Corp. and the inventor of the proprietary Olenox process technology, and currently serves as Chairman and Chief Executive Officer of Olenox Industries Inc. Over the course of his career he has co-authored technical publications on selective oil agglomeration, coal water oil fuel and the preparation of clean coal energy, and has held chief executive roles across multiple energy and infrastructure platforms.
Bernardo Schucman, who will continue to serve as Chief Executive Officer of CS Digital and lead the data center vision of the combined platform, added:
"We believe we are entering what may prove to be the third era of large-scale, energy-intensive digital infrastructure. The first era began when I started this work in my garage in California, paying residential power rates. The second era emerged as pioneers like us moved into underutilized colocation space in third-party data centers, operating at approximately $0.07 to $0.09 per kWh, and ultimately built dedicated, purpose-built data centers operating at approximately $0.05 per kWh. We believe 2026 may mark the beginning of a new phase: the large-scale development of off-grid data centers built closer to the point of energy generation, where, under certain conditions, it may be possible to generate and utilize power at costs approaching $0.02 per kWh. Our combination with Olenox is designed to pursue precisely that opportunity, and to build what we believe can become a leading platform in scaling off-grid, gas-powered, energy-intensive data centers. Our ambition is significant, and so is the opportunity in front of us."
About Bernardo Schucman
Bernardo Schucman is widely recognized as one of the early pioneers of institutional-scale, energy-intensive data center infrastructure. Over the course of his career, he has participated in the deployment of more than 20 energy-intensive data centers across Asia, Europe and the Americas. He is the co-founder of ATL Data Centers (which, in December 2020, completed a merger that became part of CleanSpark, Inc., subsequently one of the leading public high-density data center infrastructure companies in the world), and later served as Senior Vice President at CleanSpark, where he helped lead the transition and scale-up of the company's data center operations. At CS Digital, Mr. Schucman is supported by a co-founding team that includes tech investor Shanti Cillo, Chief Technology Officer Roberto Santacroce, and Chief Financial Officer Federico Sader, who together have shaped the company's strategy, technology foundation and financial discipline.
A Platform Positioned for the Next Cycle
Management believes the combined platform is well positioned to capitalize on a changing infrastructure landscape in which access to low-cost, reliable and quickly deployable power is becoming the primary differentiator. With the ability to source energy at highly competitive costs and to deploy infrastructure rapidly, the combined company expects to pursue opportunities in:
Off-grid, energy-intensive data centers at the wellhead and at stranded-gas locations;
Monetization of flared, vented and otherwise stranded natural gas;
Gas-powered infrastructure for AI training and inference workloads; and
Behind-the-meter compute solutions for hyperscale and enterprise customers.
The closing of the transaction strengthens Olenox's strategic positioning at the intersection of energy, digital infrastructure and next-generation compute, and creates a platform capable of scaling meaningfully across both energy-intensive data center and AI-related applications.
Additional details regarding transaction structure, leadership alignment, governance and pro forma ownership will be provided in subsequent filings with the U.S. Securities and Exchange Commission and other public disclosures.
Advisor
With respect to the transaction, Buckman, Buckman & Reid, Inc. acted as Investment Advisor. Buckman, Buckman & Reid, Inc. was founded in 1988 as a registered broker-dealer with the Securities and Exchange Commission ("SEC"), Securities Investor Protection Corp. ("SIPC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). BB&R is a full-service securities brokerage firm engaged in a variety of activities, including retail and institutional brokerage, wealth management, investment advisory services, private offerings and other investment banking activities. Scott Furman, Head of Investment Banking for BB&R, served as the advisor on Mergers and Acquisitions.
About Olenox Industries Inc.
Olenox Industries Inc. (NASDAQ:OLOX) is a vertically integrated U.S. energy company operating across multiple business lines, including oil and gas, energy services and energy technologies, including the proprietary Olenox process. The Company is focused on acquiring, optimizing and scaling energy-related infrastructure and operating assets across key U.S. markets, with a strategic focus on bringing low-cost natural gas to high-value end uses, including digital infrastructure and next-generation compute.
About CS Digital Ventures, LLC
CS Digital Ventures, LLC is a digital infrastructure company focused on the development and operation of energy-intensive data centers, including high-density and AI-oriented compute deployments. CS Digital was co-founded by Bernardo Schucman, tech investor Shanti Cillo, Chief Technology Officer Roberto Santacroce and Chief Financial Officer Federico Sader. The company is led by a team with extensive experience in high-density compute fleet operations, energy-intensive data center deployment, power sourcing and institutional-scale execution, with a strategic focus on off-grid infrastructure and low-cost energy solutions.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. federal securities laws. Forward-looking statements include, without limitation, statements regarding the expected benefits of the completed transaction between Olenox Industries Inc. and CS Digital Ventures, LLC; the issuance of Series D Preferred Stock, the Seller Note, the Warrants, and any additional Series D Preferred Stock issuable in connection with the achievement of post-closing milestones; the receipt of stockholder approval permitting conversion of the Series D Preferred Stock and exercise of the Warrants into common stock; the development and scaling of off-grid, gas-powered digital infrastructure; targeted power costs; expected addressable markets, including energy-intensive data center, AI and high-density compute workloads; and the future business, operations and financial performance of the combined company. These statements are based on current expectations and assumptions and are subject to risks, uncertainties and other factors, many of which are outside of the Company's control, that could cause actual results to differ materially. Such factors include, among others, the ability to integrate CS Digital's operations; the ability to service the Seller Note; the ability to obtain the stockholder approval required to permit conversion of the Series D Preferred Stock and exercise of the Warrants into common stock under applicable Nasdaq listing rules; the ability to achieve the operational and financial milestones underlying the post-closing earnout consideration; volatility in commodity prices, including natural gas and electricity; variability in customer demand and pricing for compute services; the development of demand for AI and high-density compute infrastructure; regulatory developments; and the other risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Investor and Media Contacts
Olenox Industries Inc. | Investor Relations
investors@olenox.com
SOURCE: Olenox Industries Inc.
View the original press release on ACCESS Newswire
US Market News
2月前
Olenox Industries Announces Stockholders' Approval of 1-for-10 Reverse Stock SplitMay 6, 2026 9:00 AM
ACCESS NewswireCONROE, TX / ACCESS Newswire / May 6, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated energy company focused on oil and gas, energy services and energy technologies, today announced that it will effect a 1-for-10 reverse stock split (the "Reverse Split") of its common stock, par value $0.01 per share (the "Common Stock"), that will become effective on May 8, 2026 at 12:01 AM Eastern Time. Olenox has requested that its Common Stock become trading on May 8, 2026, on a post-reverse split basis, on the Nasdaq Capital Market ("Nasdaq") under the existing symbol "OLOX". The new CUSIP number for the Common Stock following the Reverse Split will be 78418A802.The Reverse Split is primarily intended to increase the per-share trading price of the Common Stock to satisfy the $1.00 minimum bid price requirement for continued listing on Nasdaq.Reverse Stock SplitEach 10 shares of issued and outstanding Common Stock will be automatically combined into one share of Common Stock.No fractional shares will be issued. Stockholders who would otherwise be entitled to receive a fractional share will have the number of shares rounded up to the next whole share.The Reverse Split will affect all stockholders uniformly and will not alter any stockholders' percentage ownership interest in the Company, other than minor changes resulting from the rounding up of fractional shares.Proportionate adjustments will be made to the number of shares of Common Stock underlying outstanding options, warrants, restricted stock awards, and other equity awards, as well as to the applicable exercise or conversion prices, as required by their terms.The par value of the Common Stock will remain unchanged at $0.01 per share. The Reverse Split will not affect the number of authorized shares of Common Stock or preferred stock.Following the Reverse Split, the number of shares of Common Stock issued and outstanding will be reduced from approximately 10.2 million to approximately 1.2 million.Stockholder and Board ApprovalsAt the Company's Annual Meeting of Shareholders held on March 31, 2026, stockholders approved a proposal to authorize the Company's board of directors (the "Board"), in its sole and absolute discretion, to effect a reverse stock split at a ratio between 1-for-10 and 1-for-20. On April 22, 2026, the Board approved the Reverse Split at a ratio of 1-for-10. The Company will file a Certificate of Amendment to Olenox's Amended and Restated Certificate of Incorporation with the Delaware Secretary of State to effect the Reverse Split effective as of May 8, 2026, at 12:01 AM Eastern Time.Treatment of Registered and Beneficial HoldersStockholders holding shares in street name (through a bank, broker, or other nominee) will have their holdings automatically adjusted to reflect the Reverse Split, subject to the procedures of their bank or broker. Registered stockholders holding certificated shares will receive information from the Company's transfer agent with instructions for exchanging certificated shares, if applicable. No action by any stockholder is required solely as a result of the Reverse Split.About Olenox Industries Inc.Olenox Industries Inc. (NASDAQ:OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.Forward-Looking StatementsThis press release contains "forward-looking statements". Forward-looking statements reflect our current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," "poised" or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity, and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, our ability to raise capital to fund continuing operations; our ability to protect our intellectual property rights; the impact of any infringement actions or other litigation brought against us; competition from other providers and products; our ability to develop and commercialize products and services; changes in government regulation; our ability to complete capital raising transactions; and other factors relating to our industry, our operations and results of operations. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance, or achievements. The Company assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.Investors: investors@olenox.comSOURCE: Olenox Industries Inc.View the original press release on ACCESS NewswireOriginal: Olenox Industries Announces Stockholders' Approval of 1-for-10 Reverse Stock Split
US Market News
2月前
Olenox Industries Announces Strategic Reorganization of Subsidiary SG Echo LLC to Strengthen Long-Term GrowthMay 4, 2026 4:05 PM
ACCESS NewswireCONROE, TX / ACCESS Newswire / May 4, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated energy company focused on oil and gas, energy services, and energy technologies, today announced that its wholly owned subsidiary, SG Echo LLC ("SG Echo"), has initiated a voluntary Chapter 11 reorganization proceeding in the United States Bankruptcy Court for the Eastern District of Oklahoma.The filing applies solely to SG Echo and does not involve Olenox Industries Inc. or any of its other subsidiaries or affiliates, all of which continue normal operations without interruption.SG Echo is pursuing this court-supervised process as part of a proactive strategy to strengthen its financial foundation, streamline operations, and position the business for sustainable long-term growth. The Company expects SG Echo to continue operating in the ordinary course throughout the reorganization process."Over the past several months, we have taken meaningful steps to enhance SG Echo's operational efficiency, including the successful relocation of its manufacturing facility to Conroe, Texas," said Mike McLaren, Chief Executive Officer and Chairman of the Board. "This reorganization represents a constructive path forward, enabling SG Echo to significantly reduce its liabilities-by an estimated $2 million-and emerge as a stronger, more resilient business with improved cash flow generation."Chief Financial Officer Patricia Kaelin added, "This process provides SG Echo with the flexibility and tools needed to address legacy obligations while accelerating its transformation into a leaner, more efficient operation. We view this as an important milestone in unlocking long-term value for our shareholders.The financial restructuring will be implemented through a plan of reorganization, subject to court approval, and is designed to support SG Echo's continued operations while enhancing its competitive positioning.Olenox remains focused on delivering high-quality products and services across its core markets, including modular infrastructure, oil and gas, energy services, and energy technologies.About Olenox Industries Inc.
Olenox Industries Inc. (NASDAQ:OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.Forward-Looking StatementsThis press release contains "forward-looking statements". Forward-looking statements reflect our current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," "poised" "restructuring," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity, and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, SG Echo's ability to successfully reorganize through the bankruptcy process, the Company's ability to raise capital to fund continuing operations; competition from other providers and products; the Company's ability to develop and commercialize products and services; changes in government regulation; the Company's ability to complete capital raising transactions; the Company's operations and results of operations and other factors relating to our industry. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance, or achievements. The Company assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.Investors: investors@olenox.comSOURCE: Olenox Industries Inc.View the original press release on ACCESS NewswireOriginal: Olenox Industries Announces Strategic Reorganization of Subsidiary SG Echo LLC to Strengthen Long-Term Growth
Trooperstocks
2月前
$OLOX Olenox Industries Announces Proposed Merger with CS Digital to Create Scalable Off-Grid Digital Infrastructure Platform for Bitcoin Mining and AI Infrastructure
ACCESS Newswire - Wed Apr 22, 3:30AM CDT Press Release
All-stock transaction combines Olenox's energy platform with CS Digital's proven mining leadership, 2.1 EH of digital infrastructure capacity, and 2025 revenue estimated at $20.6 million to accelerate deployment of next-generation off-grid infrastructure with targeted power costs below $0.02/kWh
CONROE, TX / ACCESS Newswire / April 22, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated energy company focused on oil and gas, energy services and energy technologies, today is pleased to announce that it has entered into a non-binding Letter of Intent with CS Digital Ventures, LLC ("CS Digital"), a digital infrastructure and Bitcoin mining platform co-founded by industry veteran Bernardo Schucman, early Bitcoin investor Shanti Cillo, Chief Technology Officer Roberto Santacroce, and Chief Financial Officer Federico Sader.
Under the terms of the Letter of Intent, the transaction will be structured as a 100% share-for-share combination, pursuant to which the equity holders of CS Digital will receive up to $50,000,000 payable via the issuance of preferred shares of Olenox stock with the exchange price fixed at $1.00 per share (the "Purchase Price") in exchange for all of the outstanding equity interests of CS Digital. The Purchase Price will be paid in three tranches: (i) $30,000,000 of the Purchase Price will be issued at closing, (ii) $10,000,000 of the Purchase Price will be issued upon CS Digital achieving $5,000,000 in cumulative revenue directly attributable to the arrangement contemplated by the definitive agreement, and (iii) $10,000,000 of the Purchase Price will be issued upon CS Digital reaching $6,000,000 in EBITDA directly attributable to the arrangement contemplated by the definitive agreement. In addition, Mr. Schucman will receive 900,000 shares of Olenox common stock in connection with assessing the feasibility of integrating natural gas resources and associated power generation infrastructure to support data center operations.
The proposed combination is designed to bring together Olenox's energy expertise, low-cost energy sourcing capabilities, and scalable infrastructure platform with CS Digital's deep operating experience in institutional Bitcoin mining, fleet deployment, and data center execution. Based upon operational and financial disclosures provided to the Company, CS Digital brings to the combined platform approximately 2.1 EH of digital mining infrastructure capacity, as well as 2025 revenue of $20.6 million and 2025 EBITDA of $6.2 million. The combined company intends to focus on building and scaling off-grid mining and digital infrastructure projects with targeted power costs of less than $0.02 per kWh, a level the parties believe can create a significant structural efficiency advantage in the current market. Management also believes this platform can support not only Bitcoin mining, but also the development of low-cost energy and infrastructure solutions for AI and high-density compute customers.
"This merger represents a strategic step in Olenox's evolution as an energy-led infrastructure company," said Mike McLaren, Chairman and Chief Executive Officer of Olenox. "By combining Olenox's energy platform with CS Digital's operating capability, attractive financial profile, and Bernardo's proven leadership in mining infrastructure, we believe we are creating a differentiated platform positioned to compete in the next phase of digital infrastructure growth, spanning both Bitcoin mining and AI-oriented infrastructure."
Bernardo Schucman, who will remain Chief Executive Officer of CS Digital and lead the mining vision of the combined platform, added: "We are entering what I believe is the third era of Bitcoin mining. The first era began when I started mining in my garage in California, paying residential power rates. The second era emerged as pioneers like us moved into underutilized colocation space in third-party data centers, operating at power costs of approximately $0.07 to $0.09 per kWh, which ultimately led to the development of dedicated mining data centers operating at power costs of approximately $0.05 per kWh. I believe 2026 may mark the beginning of a new phase: the large-scale development of off-grid data centers built closer to the point of energy generation, where, under certain conditions, it may be possible to generate and utilize power at costs approaching $0.02 per kWh. Our combination with Olenox is intended to pursue that opportunity and build what we believe can become a leading platform in scaling off-grid mining. Our ambition is significant, and so is the opportunity in front of us."
Schucman is widely recognized as one of the early pioneers of institutional Bitcoin mining infrastructure. Over the course of his career, he has participated in the deployment of more than 20 mining data centers across Asia, Europe, and the Americas, and his operations have been credited with mining a BDO-verified total of 50,434 BTC. He is the founder of Fastblock, co-founder of ATL Data Centers, and later served as Senior Vice President of Mining at CleanSpark, where he helped lead the transition and scale-up of the company's mining operations and contributed to CleanSpark's development into one of the leading public Bitcoin mining companies. He is supported by CS Digital's co-founding team, including early Bitcoin investor Shanti Cillo, CTO Roberto Santacroce, and CFO Federico Sader, who have helped shape the company's strategy, technology foundation, and financial discipline.
Olenox believes the combined platform will be well-positioned to capitalize on a changing infrastructure landscape in which access to low-cost, reliable, and quickly deployable power is becoming the primary differentiator. With the ability to source energy at highly competitive costs and deploy infrastructure rapidly, the combined company expects to pursue opportunities in off-grid Bitcoin mining, stranded-energy monetization, and infrastructure solutions for AI customers and other power-intensive workloads.
The transaction is expected to strengthen Olenox's strategic positioning at the intersection of energy, digital infrastructure, and next-generation compute, while creating a platform capable of scaling meaningfully across both mining and AI-related applications.
Additional details regarding the transaction structure, leadership alignment, governance, expected closing timeline, and pro forma ownership will be provided in subsequent filings and disclosures.
About Olenox Industries Inc.
Olenox Industries is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.
About CS Digital Ventures, LLC
CS Digital is a digital infrastructure company focused on Bitcoin mining and high-density compute deployments. The company was co-founded by Bernardo Schucman, early Bitcoin investor Shanti Cillo, Chief Technology Officer Roberto Santacroce, and Chief Financial Officer Federico Sader. The company is led by a team with extensive experience in ASIC fleet operations, mining data center deployment, power sourcing, and institutional-scale execution, with a strategic focus on off-grid infrastructure and low-cost energy solutions.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend," or similar expressions, , or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumption from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully complete due diligence for the acquisition of CS Digital, the Company's ability to successfully negotiate definitive documents for the acquisition of CS Digital, the satisfaction of closing conditions, regulatory and stockholder approvals, integration risks, market conditions, Bitcoin network difficulty, commodity prices, capital availability, energy delivery risks, customer demand for AI infrastructure, the Company's ability to maintain compliance with NASDAQ listing requirements, and the factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and Olenox undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investors: investors@olenox.com
SOURCE: Olenox Industries, Inc.
View the original press release on ACCESS Newswire
Trooperstocks
2月前
$OLOX News: Olenox Industries Announces Proposed Merger with CS Digital to Create Scalable Off-Grid Digital Infrastructure Platform for Bitcoin Mining and AI Infrastructure
Wednesday, 22 April 2026 08:30 AM
Topic:
Company Update
All-stock transaction combines Olenox's energy platform with CS Digital's proven mining leadership, 2.1 EH of digital infrastructure capacity, and 2025 revenue estimated at $20.6 million to accelerate deployment of next-generation off-grid infrastructure with targeted power costs below $0.02/kWh
CONROE, TX / ACCESS Newswire / April 22, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated energy company focused on oil and gas, energy services and energy technologies, today is pleased to announce that it has entered into a non-binding Letter of Intent with CS Digital Ventures, LLC ("CS Digital"), a digital infrastructure and Bitcoin mining platform co-founded by industry veteran Bernardo Schucman, early Bitcoin investor Shanti Cillo, Chief Technology Officer Roberto Santacroce, and Chief Financial Officer Federico Sader.
Under the terms of the Letter of Intent, the transaction will be structured as a 100% share-for-share combination, pursuant to which the equity holders of CS Digital will receive up to $50,000,000 payable via the issuance of preferred shares of Olenox stock with the exchange price fixed at $1.00 per share (the "Purchase Price") in exchange for all of the outstanding equity interests of CS Digital. The Purchase Price will be paid in three tranches: (i) $30,000,000 of the Purchase Price will be issued at closing, (ii) $10,000,000 of the Purchase Price will be issued upon CS Digital achieving $5,000,000 in cumulative revenue directly attributable to the arrangement contemplated by the definitive agreement, and (iii) $10,000,000 of the Purchase Price will be issued upon CS Digital reaching $6,000,000 in EBITDA directly attributable to the arrangement contemplated by the definitive agreement. In addition, Mr. Schucman will receive 900,000 shares of Olenox common stock in connection with assessing the feasibility of integrating natural gas resources and associated power generation infrastructure to support data center operations.
The proposed combination is designed to bring together Olenox's energy expertise, low-cost energy sourcing capabilities, and scalable infrastructure platform with CS Digital's deep operating experience in institutional Bitcoin mining, fleet deployment, and data center execution. Based upon operational and financial disclosures provided to the Company, CS Digital brings to the combined platform approximately 2.1 EH of digital mining infrastructure capacity, as well as 2025 revenue of $20.6 million and 2025 EBITDA of $6.2 million. The combined company intends to focus on building and scaling off-grid mining and digital infrastructure projects with targeted power costs of less than $0.02 per kWh, a level the parties believe can create a significant structural efficiency advantage in the current market. Management also believes this platform can support not only Bitcoin mining, but also the development of low-cost energy and infrastructure solutions for AI and high-density compute customers.
"This merger represents a strategic step in Olenox's evolution as an energy-led infrastructure company," said Mike McLaren, Chairman and Chief Executive Officer of Olenox. "By combining Olenox's energy platform with CS Digital's operating capability, attractive financial profile, and Bernardo's proven leadership in mining infrastructure, we believe we are creating a differentiated platform positioned to compete in the next phase of digital infrastructure growth, spanning both Bitcoin mining and AI-oriented infrastructure."
Bernardo Schucman, who will remain Chief Executive Officer of CS Digital and lead the mining vision of the combined platform, added: "We are entering what I believe is the third era of Bitcoin mining. The first era began when I started mining in my garage in California, paying residential power rates. The second era emerged as pioneers like us moved into underutilized colocation space in third-party data centers, operating at power costs of approximately $0.07 to $0.09 per kWh, which ultimately led to the development of dedicated mining data centers operating at power costs of approximately $0.05 per kWh. I believe 2026 may mark the beginning of a new phase: the large-scale development of off-grid data centers built closer to the point of energy generation, where, under certain conditions, it may be possible to generate and utilize power at costs approaching $0.02 per kWh. Our combination with Olenox is intended to pursue that opportunity and build what we believe can become a leading platform in scaling off-grid mining. Our ambition is significant, and so is the opportunity in front of us."
Schucman is widely recognized as one of the early pioneers of institutional Bitcoin mining infrastructure. Over the course of his career, he has participated in the deployment of more than 20 mining data centers across Asia, Europe, and the Americas, and his operations have been credited with mining a BDO-verified total of 50,434 BTC. He is the founder of Fastblock, co-founder of ATL Data Centers, and later served as Senior Vice President of Mining at CleanSpark, where he helped lead the transition and scale-up of the company's mining operations and contributed to CleanSpark's development into one of the leading public Bitcoin mining companies. He is supported by CS Digital's co-founding team, including early Bitcoin investor Shanti Cillo, CTO Roberto Santacroce, and CFO Federico Sader, who have helped shape the company's strategy, technology foundation, and financial discipline.
Olenox believes the combined platform will be well-positioned to capitalize on a changing infrastructure landscape in which access to low-cost, reliable, and quickly deployable power is becoming the primary differentiator. With the ability to source energy at highly competitive costs and deploy infrastructure rapidly, the combined company expects to pursue opportunities in off-grid Bitcoin mining, stranded-energy monetization, and infrastructure solutions for AI customers and other power-intensive workloads.
The transaction is expected to strengthen Olenox's strategic positioning at the intersection of energy, digital infrastructure, and next-generation compute, while creating a platform capable of scaling meaningfully across both mining and AI-related applications.
Additional details regarding the transaction structure, leadership alignment, governance, expected closing timeline, and pro forma ownership will be provided in subsequent filings and disclosures.
About Olenox Industries Inc.
Olenox Industries is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.
About CS Digital Ventures, LLC
CS Digital is a digital infrastructure company focused on Bitcoin mining and high-density compute deployments. The company was co-founded by Bernardo Schucman, early Bitcoin investor Shanti Cillo, Chief Technology Officer Roberto Santacroce, and Chief Financial Officer Federico Sader. The company is led by a team with extensive experience in ASIC fleet operations, mining data center deployment, power sourcing, and institutional-scale execution, with a strategic focus on off-grid infrastructure and low-cost energy solutions.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend," or similar expressions, , or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumption from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully complete due diligence for the acquisition of CS Digital, the Company's ability to successfully negotiate definitive documents for the acquisition of CS Digital, the satisfaction of closing conditions, regulatory and stockholder approvals, integration risks, market conditions, Bitcoin network difficulty, commodity prices, capital availability, energy delivery risks, customer demand for AI infrastructure, the Company's ability to maintain compliance with NASDAQ listing requirements, and the factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and Olenox undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investors: investors@olenox.com
SOURCE: Olenox Industries, Inc.
Trooperstocks
2月前
$OLOX News: Olenox Industries Provides Corporate Update
Olenox Industries Inc.
Tue, April 21, 2026 at 4:30 PM EDT
OLOX
+3.82%
CONROE, TX / ACCESS Newswire / April 21, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated energy company focused on oil and gas, energy services and energy technologies, reports that on April 21, 2026, it received a delinquency notice from Nasdaq as it had not yet filed its Form 10-K for the period ending December 31, 2025. Under Nasdaq Listing Rules, the Company now has 60 calendar days to submit a plan to regain compliance and if Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the Form 10-K's due date, or until October 13, 2026, to regain compliance. The Company must submit its plan to regain compliance no later than June 22, 2026.
The Company anticipates that, on or before June 22, 2026, it will submit a plan to regain compliance or, in the alternative, that it will file the Form 10-K for the period ending December 31, 2025, to cure the deficiency. The Company remains committed to maintaining compliance with all Nasdaq listing requirements and will continue to ensure timely and transparent communication with its stakeholders.
About Olenox Industries Inc.
Olenox Industries Inc. (NASDAQ:OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend," or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumption from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully complete and file its Form 10-K within the required timeframe, the Company's ability to successfully submit a plan to Nasdaq its plan to regain compliance with Nasdaq listing requirements, the Company's ability to maintain compliance with NASDAQ listing requirements, and the factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and Olenox undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investors: investors@olenox.com
SOURCE: Olenox Industries Inc.
View the original press release on ACCESS Newswire
US Market News
3月前
Olenox Industries Provides Corporate UpdateApril 21, 2026 4:30 PM
ACCESS NewswireCONROE, TX / ACCESS Newswire / April 21, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated energy company focused on oil and gas, energy services and energy technologies, reports that on April 21, 2026, it received a delinquency notice from Nasdaq as it had not yet filed its Form 10-K for the period ending December 31, 2025. Under Nasdaq Listing Rules, the Company now has 60 calendar days to submit a plan to regain compliance and if Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the Form 10-K's due date, or until October 13, 2026, to regain compliance. The Company must submit its plan to regain compliance no later than June 22, 2026.The Company anticipates that, on or before June 22, 2026, it will submit a plan to regain compliance or, in the alternative, that it will file the Form 10-K for the period ending December 31, 2025, to cure the deficiency. The Company remains committed to maintaining compliance with all Nasdaq listing requirements and will continue to ensure timely and transparent communication with its stakeholders.About Olenox Industries Inc.Olenox Industries Inc. (NASDAQ:OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend," or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumption from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully complete and file its Form 10-K within the required timeframe, the Company's ability to successfully submit a plan to Nasdaq its plan to regain compliance with Nasdaq listing requirements, the Company's ability to maintain compliance with NASDAQ listing requirements, and the factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and Olenox undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.Investors: investors@olenox.comSOURCE: Olenox Industries Inc.View the original press release on ACCESS NewswireOriginal: Olenox Industries Provides Corporate Update
Trooperstocks
3月前
$OLOX NEWS: Olenox Industries Amends Time of Targeted Closing to April 30, 2026
Friday, 10 April 2026 09:24 AM
Topic:
Company Update
CONROE, TX / ACCESS Newswire / April 10, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox Industries" or the "Company"), today announced that it has amended its Letter of Intent with Vivakor, Inc. (OTC:VIVKD), to acquire the midstream business and transportation assets of its wholly owned subsidiary CPE Gathering MidCon, LLC ("CPE Gathering"), owner and operator of the Omega pipeline system, an integrated crude-oil gathering, transportation, terminaling and pipeline connection platform serving the Oklahoma STACK play.
As mentioned in the Company's prior release of January 29, 2026, the parties targeted a closing date on or before March 31, 2026. In furtherance of continual diligence and in light of the respective companies audit requirements, the parties have revised the projected closing date to April 30, 2026, but in no event later than May 15, 2026.
CPE Gathering operates the Omega system, an on-basin midstream platform that provides crude gathering, transportation, terminaling and pipeline connectivity in the STACK region of Oklahoma. Omega is positioned to generate fee-based cash flows, reduce hauling and terminaling costs for producers, and provide a scalable on-ramp for technology and services that improve uptime and lower operating expenses. The transportation assets also offer producers flexible, cost-competitive gathering and transport to a network of storage and blending facilities and pipeline injection points.
The transaction, valued at approximately $36 million, will be paid in a combination of cash, promissory note, common and preferred stock, and is based on $4.56 million in annual EBITDA, pursuant to a take-or-pay guarantee of Vivakor.
Olenox is executing an acquire-and-integrate strategy that elevates core brands to build an integrated energy, technology and infrastructure platform. Acquiring CPE Gathering from Vivakor would complement that strategy by expanding Olenox's addressable market for services, increasing fee-based, predictable revenue through integrated gathering and terminaling (thereby reducing exposure to commodity volatility), and generating operational synergies by aligning midstream logistics with Olenox's field services to lower per-well costs and improve uptime.
About Olenox Industries Inc.
Olenox Industries, Inc. is a vertically integrated energy company operating across three synergistic divisions-Oil and Gas, Energy Services, and Energy Technologies. The company acquires and optimizes underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma while supporting field operations with specialized well services and proprietary enhanced-recovery technologies. Olenox's integrated model drives efficiency, increases production and unlocks value across the energy lifecycle, positioning the company to capture opportunities often overlooked by traditional operators.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully complete due diligence for the acquisition of Vivakor, Inc., the Company's ability to successfully negotiate definitive documents for the acquisition of Vivakor, Inc., the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investors: investors@olenox.com
SOURCE: Olenox Industries Inc.
US Market News
3月前
Olenox Industries Amends Letter of Intent to Acquire Vivakor's Midstream Business in Oklahoma Stack PlayApril 10, 2026 9:24 AM
ACCESS NewswireTime of Targeted Closing Amended to April 30, 2026CONROE, TX / ACCESS Newswire / April 10, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox Industries" or the "Company"), today announced that it has amended its Letter of Intent with Vivakor, Inc. (OTC:VIVKD), to acquire the midstream business and transportation assets of its wholly owned subsidiary CPE Gathering MidCon, LLC ("CPE Gathering"), owner and operator of the Omega pipeline system, an integrated crude-oil gathering, transportation, terminaling and pipeline connection platform serving the Oklahoma STACK play.As mentioned in the Company's prior release of January 29, 2026, the parties targeted a closing date on or before March 31, 2026. In furtherance of continual diligence and in light of the respective companies audit requirements, the parties have revised the projected closing date to April 30, 2026, but in no event later than May 15, 2026.CPE Gathering operates the Omega system, an on-basin midstream platform that provides crude gathering, transportation, terminaling and pipeline connectivity in the STACK region of Oklahoma. Omega is positioned to generate fee-based cash flows, reduce hauling and terminaling costs for producers, and provide a scalable on-ramp for technology and services that improve uptime and lower operating expenses. The transportation assets also offer producers flexible, cost-competitive gathering and transport to a network of storage and blending facilities and pipeline injection points.The transaction, valued at approximately $36 million, will be paid in a combination of cash, promissory note, common and preferred stock, and is based on $4.56 million in annual EBITDA, pursuant to a take-or-pay guarantee of Vivakor.Olenox is executing an acquire-and-integrate strategy that elevates core brands to build an integrated energy, technology and infrastructure platform. Acquiring CPE Gathering from Vivakor would complement that strategy by expanding Olenox's addressable market for services, increasing fee-based, predictable revenue through integrated gathering and terminaling (thereby reducing exposure to commodity volatility), and generating operational synergies by aligning midstream logistics with Olenox's field services to lower per-well costs and improve uptime.About Olenox Industries Inc.Olenox Industries, Inc. is a vertically integrated energy company operating across three synergistic divisions-Oil and Gas, Energy Services, and Energy Technologies. The company acquires and optimizes underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma while supporting field operations with specialized well services and proprietary enhanced-recovery technologies. Olenox's integrated model drives efficiency, increases production and unlocks value across the energy lifecycle, positioning the company to capture opportunities often overlooked by traditional operators.Safe Harbor StatementCertain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully complete due diligence for the acquisition of Vivakor, Inc., the Company's ability to successfully negotiate definitive documents for the acquisition of Vivakor, Inc., the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.Investors: investors@olenox.comSOURCE: Olenox Industries Inc.View the original press release on ACCESS NewswireOriginal: Olenox Industries Amends Letter of Intent to Acquire Vivakor's Midstream Business in Oklahoma Stack Play
Trooperstocks
3月前
$OLOX Form 8-K - Current report: Olenox Announces Results of Annual Stockholder Meeting
Olenox Industries Inc.
Thu, April 2, 2026 at 8:30 AM EDT 5 min read
CONROE, TX / ACCESS Newswire / April 2, 2026 / Olenox Industries, Inc. (NASDAQ:OLOX) ("Olenox" or the "Company") is pleased to announce the results of its 2025 Annual Meeting of Stockholders, held March 31, 2026, at 1:00 P.M. Central Time (the "Annual Meeting").
At the Annual Meeting, the stockholders approved the following corporate actions:
the election of Michael McLaren, Adam Falkoff, Jill Anderson, Thomas Meharey, Paula J. Dobriansky, Erik Blum and Samarth Verma to serve as the Company's Board of Directors;
the ratification of the appointment of RBSM LLP, as the Company's independent registered public accounting firm for the year ended December 31, 2025;
the approval, on an advisory and non-binding basis, the compensation of the Company's named executive officers;
the approval of the issuances of shares of the Company's common stock, pursuant to those certain securities purchase agreements, dated as of March 27, 2025, April 11, 2025, and May 29, 2025, respectively, in each case by and between the Company and Generating Alpha Ltd., in an amount equal to or in excess of 20% of the Company's common stock outstanding immediately prior to the issuance of such shares;
the approval to increase in the maximum number of authorized shares subject to the SG Blocks, Inc. Stock Incentive Plan, as amended from time to time, by 1,500,000 shares and to automatically increase the maximum number of authorized shares subject to the Stock Incentive Plan on January 1 of each calendar year for a period of ten years commencing on January 1, 2026, in an amount equal to 4.5% of the number of shares of Company common stock outstanding on December 31 of the preceding calendar year;
the approval to amend the Company's articles of incorporation to increase the authorized shares of the Company's common stock from 75,000,000 shares to 3,000,000,000 shares;
the approval of the issuance of shares of the Company's common stock, pursuant to that certain Securities Purchase Agreement, dated as of November 25, 2025, by and between the Company and JAK Industrial Ventures I LLC, in an amount equal to or in excess of 20% of the Company's common stock outstanding immediately prior to the issuance of such shares;
the approval to an amendment to the Company's Certificate of Incorporation to effect a reverse stock split with respect to the Company's issued and outstanding common stock, par value $0.01 per share,
including stock held by the Company as treasury shares, at a ratio of 1-for-10 to 1-for-20, with the ratio within such range to be determined at the discretion of the Company's Board of Directors and included in a public announcement, subject to the authority of the Board of Directors to abandon such amendment; and
the approval of one or more adjournments of the 2025 Annual Meeting, if necessary or appropriate, to solicit additional proxies in favor of the proposals for the 2025 Annual Meeting.
The following corporate action was not approved by the Stockholders:
the approval of the Agreement and Plan of Merger, dated February 2, 2025, by and between the Company and New Asia Holdings, Inc., and subsequently, the conversion of the Company's Series A Convertible Preferred Stock, par value $1.00 per share, into shares of the Company's common stock, whereby each share of Series A Convertible Preferred Stock converts into fifteen (15) shares of Company common stock.
About Olenox Industries, Inc.
Olenox Industries Inc. (Nasdaq:OLOX), formerly known as Safe & Green Holdings Corp. (SGBX), is an industrial holding company focused on acquiring, operating, and scaling businesses that provide engineered solutions across industrial, energy, and infrastructure markets. Through its subsidiaries, including Giant Containers, the Company delivers high-quality modular and containerized systems designed for rapid deployment and long-term performance.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investors:
investors@olenox.com
SOURCE: Olenox Industries, Inc.
US Market News
3月前
Olenox Announces Results of Annual Stockholder MeetingApril 2, 2026 8:30 AM
ACCESS NewswireCONROE, TX / ACCESS Newswire / April 2, 2026 / Olenox Industries, Inc. (NASDAQ:OLOX) ("Olenox" or the "Company") is pleased to announce the results of its 2025 Annual Meeting of Stockholders, held March 31, 2026, at 1:00 P.M. Central Time (the "Annual Meeting").At the Annual Meeting, the stockholders approved the following corporate actions:the election of Michael McLaren, Adam Falkoff, Jill Anderson, Thomas Meharey, Paula J. Dobriansky, Erik Blum and Samarth Verma to serve as the Company's Board of Directors;the ratification of the appointment of RBSM LLP, as the Company's independent registered public accounting firm for the year ended December 31, 2025;the approval, on an advisory and non-binding basis, the compensation of the Company's named executive officers;the approval of the issuances of shares of the Company's common stock, pursuant to those certain securities purchase agreements, dated as of March 27, 2025, April 11, 2025, and May 29, 2025, respectively, in each case by and between the Company and Generating Alpha Ltd., in an amount equal to or in excess of 20% of the Company's common stock outstanding immediately prior to the issuance of such shares;the approval to increase in the maximum number of authorized shares subject to the SG Blocks, Inc. Stock Incentive Plan, as amended from time to time, by 1,500,000 shares and to automatically increase the maximum number of authorized shares subject to the Stock Incentive Plan on January 1 of each calendar year for a period of ten years commencing on January 1, 2026, in an amount equal to 4.5% of the number of shares of Company common stock outstanding on December 31 of the preceding calendar year;the approval to amend the Company's articles of incorporation to increase the authorized shares of the Company's common stock from 75,000,000 shares to 3,000,000,000 shares;the approval of the issuance of shares of the Company's common stock, pursuant to that certain Securities Purchase Agreement, dated as of November 25, 2025, by and between the Company and JAK Industrial Ventures I LLC, in an amount equal to or in excess of 20% of the Company's common stock outstanding immediately prior to the issuance of such shares;the approval to an amendment to the Company's Certificate of Incorporation to effect a reverse stock split with respect to the Company's issued and outstanding common stock, par value $0.01 per share,
including stock held by the Company as treasury shares, at a ratio of 1-for-10 to 1-for-20, with the ratio within such range to be determined at the discretion of the Company's Board of Directors and included in a public announcement, subject to the authority of the Board of Directors to abandon such amendment; andthe approval of one or more adjournments of the 2025 Annual Meeting, if necessary or appropriate, to solicit additional proxies in favor of the proposals for the 2025 Annual Meeting.The following corporate action was not approved by the Stockholders:the approval of the Agreement and Plan of Merger, dated February 2, 2025, by and between the Company and New Asia Holdings, Inc., and subsequently, the conversion of the Company's Series A Convertible Preferred Stock, par value $1.00 per share, into shares of the Company's common stock, whereby each share of Series A Convertible Preferred Stock converts into fifteen (15) shares of Company common stock.About Olenox Industries, Inc.
Olenox Industries Inc. (Nasdaq:OLOX), formerly known as Safe & Green Holdings Corp. (SGBX), is an industrial holding company focused on acquiring, operating, and scaling businesses that provide engineered solutions across industrial, energy, and infrastructure markets. Through its subsidiaries, including Giant Containers, the Company delivers high-quality modular and containerized systems designed for rapid deployment and long-term performance.Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.Investors:
investors@olenox.comSOURCE: Olenox Industries, Inc.View the original press release on ACCESS NewswireOriginal: Olenox Announces Results of Annual Stockholder Meeting
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