Olenox completes Wildboy Holdings and IPD acquisitions for $21.7 million
OLOX•Olenox completed its acquisition of 100% of Wildboy Holdings and IPD Industries for $21.7 million, with consideration consisting almost entirely of Series F preferred stock. The assets include a gas-processing facility with capacity of up to 144 million cubic feet per day and a 100 MW self-generator registration near Pecos, Texas.
1. Acquisitions completed
Olenox completed the acquisitions to support an integrated gas-to-power-to-compute platform targeting artificial intelligence, data centers and digital-asset operations. Consideration consists almost entirely of Series F preferred stock, convertible into common shares subject to conversion limitations and lock-up provisions.
2. Assets and development
Wildboy’s British Columbia assets include a gas-processing facility with capacity of up to 144 million cubic feet per day. IPD holds a 100 MW self-generator registration near Pecos, Texas, with phased development planned subject to financing, supply agreements and approvals.
