Recent Updates — OLOX

Olenox completed the acquisition of Wildboy Holdings and IPD Industries from Odin International and Wildboy Industries for total consideration of $21.7 million, paid primarily through Series F preferred stock convertible into common shares. The deal adds natural gas processing assets in British Columbia with approximately 56.8 billion cubic feet of proved reserves and a registered 100 MW power-development platform near the Waha Hub in Texas to Olenox's portfolio. This transaction supports the company’s strategy to build an integrated gas-to-power-to-compute infrastructure for AI and data center applications while preserving near-term cash resources. Olenox Industries is a vertically integrated energy company focused on natural gas, oil services, and energy technologies.

Olenox Industries Inc. filed an amendment to correct drafting errors in the pro forma financial statements related to its May 26, 2026 acquisition of CS Digital Ventures LLC. The corrections clarify that Series E Preferred Stock was issued rather than Series D and fix earnout threshold references. The acquisition involved $30 million in upfront consideration, comprising $14 million in Series E Preferred Stock and a $16 million unsecured promissory note, plus warrants for 1.5 million common shares and up to $20 million in additional preferred stock based on revenue and Adjusted EBITDA milestones. The company operates in the oil and gas industry.

Olenox Industries Inc. entered into an Amendment Agreement with General Alpha Ltd. on August 4, 2026, modifying the terms of their May 29, 2025 Stock Purchase and Registration Rights Agreements. Key changes include extending the purchase agreement expiration to August 3, 2028, updating the company name from Safe & Green Holdings Corp., and narrowing anti-dilution protections to exclude shares issued for employee compensation, preferred stock conversions, or acquisitions. The amendment removes True-Up and Review of Public Disclosures sections, permits the purchaser to deduct up to 30% of put amounts against outstanding debt, and restricts variable rate transactions offering discounts exceeding ten percent. Olenox Industries Inc. operates in the industrial manufacturing sector.

Olenox Industries Inc. announced on July 31, 2026, that its independent auditors identified material errors in the unaudited condensed consolidated financial statements for the quarters ended March 31, June 30, and September 30, 2025. The error stemmed from an incorrect calculation of the acquisition-date fair value of 4,000,000 Series A Preferred Stock shares issued as consideration in its merger with New Asia Holdings, Inc. Management concluded on August 3, 2026, that these prior financial statements should no longer be relied upon. The correction reduces recorded goodwill and preferred stock equity by $15,769,600 but does not impact net loss, EPS, cash flows, or working capital. The company plans to file amended quarterly reports once reviewed by its auditor. Olenox Industries Inc. operates in the industrial manufacturing sector.

Olenox Industries Inc. completed the acquisition of 100% of CS Digital Ventures, LLC, a digital infrastructure company with 35 megawatts of installed power capacity. The $30,000,000 transaction included $14,000,000 in Series E Preferred Stock, a $16,000,000 unsecured promissory note, and warrants to purchase 1,500,000 shares of common stock. The company also entered into an exchange agreement to swap Series D Preferred Stock for Series E Preferred Stock. Olenox Industries Inc. operates in the digital infrastructure and energy-intensive data center sector.