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Olenox Industries (NASDAQ: OLOX) announced a mutual settlement with Cedar Advance LLC resolving amounts owed under Standard Merchant Cash Advance Agreements. The Settlement and Release, fully executed on Feb. 10, 2026, calls for Olenox to issue restricted shares of common stock at market price to satisfy the debt and provides a mutual release of all related claims. Full terms are disclosed in a Form 8-K filed Feb. 13, 2026 with the Securities and Exchange Commission.
Olenox Industries (NASDAQ: OLOX) announced the appointment of Erik Blum and Adam Falkoff to its Board of Directors, effective Feb. 6, 2026.
Both were appointed to fill existing vacancies and will serve until the Company’s 2025 Annual Meeting of Shareholders and until successors are qualified. Each will receive pro-rata cash and equity compensation under the Company’s non-employee director program. The company filed a Current Report on Form 8-K in connection with the appointments.
Olenox Industries (NASDAQ: OLOX) signed a non-binding Letter of Intent to acquire Vivakor's midstream business, CPE Gathering MidCon, LLC, including the Omega pipeline system in the Oklahoma STACK play.
The transaction is valued at approximately $36 million and is based on $4.56 million annual EBITDA from a take-or-pay guarantee, to be paid in cash, promissory note, common and preferred stock. Parties target definitive agreements and a closing on or before March 31, 2026, subject to customary conditions.
Olenox Industries (NASDAQ: OLOX) announced on Jan 27, 2026 that it has begun recommissioning its 162 miles of pipeline as a wet gas system producing both NGLs and dry gas. The company says a new pipeline survey is underway and is expected to conclude mid-February 2026, after which Olenox will apply to reinstate the license and begin bringing the system back online. Olenox plans to sell dry gas into the market and use surplus dry gas to power its containerized generator sets to supply base and peak power to the grid. The company projects the restarted pipeline will generate significant annual revenue and intends to grow returns via power generation and NGL sales.
About Olenox: a diversified energy and engineered-solutions company operating through subsidiaries including Giant Containers.
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