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Olenox Industries Announces Liability Conversion in Settlement Agreement
Globenewswire· 2026-02-19 13:30
CONROE, Texas, Feb. 19, 2026 (GLOBE NEWSWIRE) -- via IBN – Olenox Industries Inc. (NASDAQ: OLOX) ("Olenox" or the "Company") today announced a settlement agreement has been executed between Olenox CEO Michael McLaren and the Company to convert a convertible promissory note held by McLaren into common shares on Feb. 11, 2026, to settle the balance due under the Note in full. Separately, Olenox Industries Inc. executed a settlement agreement with McLaren to exchange 39,000 shares of Series A Preferred Shares ...
Olenox Industries Announces Settlement Agreement with Cedar Advance LLC
Globenewswire· 2026-02-13 13:30
CONROE, Texas, Feb. 13, 2026 (GLOBE NEWSWIRE) -- via IBN – Olenox Industries Inc. (NASDAQ: OLOX) ("Olenox" or the "Company") today announced that it has reached a mutual settlement agreement with Cedar Advance LLC ("Cedar"), resolving the outstanding amounts owed to Cedar pursuant to the Standard Merchant Cash Advance Agreements between the Company and Cedar. Under the terms of the Settlement and Release agreement, fully executed on Feb. 10, 2026, the Company has agreed to issue Cedar restricted shares of C ...