OLENOX INDUSTRIES INC. (SGBX) Form 8-K — Oct 20, 2026
$SGBXForm 8-KItems 1.01, 2.01, 3.02, 7.01, 9.01Filed Oct 20, 2026, 9:08 PM ET0001213900-26-111128Original filing
Olenox Industries (OLOX) closed a $22.0 million acquisition of IPD Industries, Inc. and Wildboy Holdings, Ltd. on October 19, 2026, making both wholly-owned subsidiaries. Consideration consists of 700,000 common shares valued at $1.00, 210,000 shares of new Series F convertible preferred stock (stated value $100 per share, convertible at $1.00), and just $300,000 in cash, reduced further by acquired indebtedness, transaction expenses, and a $328,561.45 pre-closing deposit that already exceeds the cash payment.
Key figures
- Deal Value Usd
- 22000000
- Deposit
- $328,561.45
- Cash payment
- $300,000 (less acquired indebtedness, transaction expenses, and $328,561.45 deposit)
- Common share value
- $1.00 per share
- Nasdaq exchange cap
- 19.9%
- Common shares issued
- 700000
- Series f stated value
- $100.00 per share
- Prepaid bond installments
- $162,500 per quarter through 2027 (cash or 162,500 shares per installment)
- Series f conversion price
- $1.00
- Series f preferred shares
- 210000
- Beneficial ownership limitation
- 4.9%
AI analysis
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