Olenox converts $4.5 million Series C preferred stock into common shares - OLOX News | RalliesOlenox converts $4.5 million Series C preferred stock into common shares
O
OLOX• Debt and preferred stock conversions reduce capital structure
- Olenox converted more than 750,000 of outstanding debt into common stock since June 2026.
- Roughly $4.5 million in stated value of Series C Preferred Stock also converted into common shares.
- Total conversions exceeded $5.25 million, cutting debt and reducing preferred equity to simplify the capital structure.
