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Olenox (NASDAQ:OLOX) reported results of its 2025 Annual Meeting held March 31, 2026. Stockholders elected seven directors, ratified RBSM LLP as auditor, approved executive compensation (advisory), multiple large equity issuances exceeding 20% of outstanding stock, and authorized major charter and incentive-plan changes.
Shareholders approved increasing authorized common shares from 75,000,000 to 3,000,000,000, adding 1,500,000 shares to the stock incentive plan plus annual 4.5% increases, and a potential 1-for-10 to 1-for-20 reverse stock split. A proposed merger and conversion of Series A preferred stock were not approved.
Olenox Industries (NASDAQ: OLOX) reports its well revitalization program has stabilized production and is approaching the company's 70 barrels-per-day target in the Wichita field. Since December 2025, Olenox revitalized 10 wells and expects 25 more online by end of Q1 2026.
The company deployed a dedicated rig in December 2025 and is adding wells weekly while evaluating > 6,000 acres of potential acquisitions to expand drilling and workover opportunities.
Olenox Industries (NASDAQ: OLOX) has launched a 2026 drilling program with planned seismic work in March and a 10-well schedule: one well this quarter, then three wells each in Q2, Q3 and Q4.
The company completed a 162-mile pipeline survey and is preparing paperwork to recommission and relicense the line, targeting full functionality by end of Q3 2026, and aims for 1,000 BOE/day by year-end via new drills and acquisitions.
Olenox Industries (NASDAQ: OLOX) said its subsidiary Giant Containers was selected to design and build critical infrastructure and community amenities for the Newark segment of New Jersey’s new nearly one-mile state park.
The planned nine-mile greenway will repurpose an abandoned railroad corridor through the Meadowlands, connect eight communities, and advance sections into active construction and visible public improvements.
Olenox Industries (Nasdaq: OLOX) announced that subsidiary Giant Containers has been retained to design and deliver multiple custom steel modular buildings for a leading electric vehicle company across several U.S. sites.
The engagement covers integrated design-build services to support the client’s national expansion, phased delivery beginning in the coming months, and emphasis on speed, consistency, sustainability and long-term performance.
Olenox Industries (NASDAQ: OLOX) appointed Ambassador Paula J. Dobriansky to its Board of Directors, effective Feb. 16, 2026. Dobriansky fills an existing vacancy and joins two directors appointed on Feb. 6, 2026. She brings 30+ years of government, diplomacy and national security experience and will receive non-employee director compensation including cash retainer, committee chair fees, equity awards and pro-rata pay for February. The company filed a Form 8-K regarding the appointment.
Olenox Industries (NASDAQ: OLOX) executed settlement agreements with CEO Michael McLaren that converted a convertible promissory note into common shares on Feb. 11, 2026 and exchanged 39,000 Series A preferred shares for 585,000 restricted common shares. The transactions settle all claims related to the Series A preferred shares and, according to the company, strengthen the balance sheet by converting debt to equity. Full terms are disclosed in a Form 8-K filed Feb. 18, 2026.
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.