Olenox Industries to issue 298,604 unregistered shares to terminate equity financing agreement
OLOX•Olenox Industries agreed to issue 298,604 unregistered common shares to terminate a $100 million equity purchase facility, under which no shares were sold and no proceeds were received.
1. Termination agreement
Under an October 27, 2026, termination agreement, Olenox Industries will issue 298,604 unregistered common shares to an investor. The shares are due by the close of the 14th business day after the agreement’s effective date. Additional shares are due April 27, 2027, if the preceding 10-day VWAP is below $0.80, ensuring at least $258,440 in value.
