OLOX 8-K SEC Filing Analysis

Latest settled — T+5d

OLOX ▲ +71.14% at T+5d

LONG call ✓ call won +71.14% · α vs SPY +71.19% · entry $4.92 → $8.42

Next anchor: T+20d in 5d

Last close $6.06 (close Jun 18) · +23.17% from $4.92 entry

Entry anchored
May 28, 08:30 AM ET
via Databento tick

T+1d

+78.25%

call +78.25% · α +78.01%

$8.77

settled 23d ago

T+5d

+71.14%

call +71.14% · α +71.19%

$8.42

settled 17d ago

T+20d

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call — · α —

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in 5d

T+60d

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call — · α —

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in 2mo

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Executive Summary

Olenox Industries (OLOX) completed the acquisition of CS Digital Ventures for $30M in upfront consideration ($14M Series D Preferred Stock + $16M unsecured promissory note), plus warrants for 1.5M shares and up to $20M in earnout shares. CS Digital brings ~35 MW of installed power capacity, $20.6M in 2025 revenue, and $6.2M in 2025 EBITDA, creating a vertically integrated gas-powered data center platform targeting sub-$0.02/kWh power costs. The deal is transformative for the $5M market cap company but carries significant execution risk given the massive scale mismatch and historical stock performance.

Key Financial Metrics

Deal Value

$30.0M

Offering Size

$14.0M

Actionable Insight

This is a transformative acquisition that fundamentally changes OLOX's business profile from a small energy company to a gas-powered data center operator with meaningful revenue and EBITDA. The massive scale mismatch ($30M+ deal vs $5M market cap) creates extreme volatility risk — the stock could re-rate significantly if the market believes in the strategy, but the historical track record of -91% average T+20 returns on prior filings suggests extreme skepticism. Watch for the stockholder approval vote within 90 days and initial post-acquisition financial disclosures. The $16M Seller Note creates debt service obligations that could pressure cash flows.

Key Facts

Acquired 100% of CS Digital Ventures for $30M upfront ($14M Series D Preferred + $16M Seller Note), plus 1.5M warrants ($5/$7/$9 strike) and up to $20M earnout
CS Digital had 2025 revenue of $20.6M and 2025 EBITDA of $6.2M — revenue alone is ~4x OLOX's market cap
CS Digital operates ~35 MW of installed power capacity with bitcoin mining and high-density compute deployments
Series D Preferred and warrants are non-convertible/exercisable until stockholder approval (Nasdaq Rule 5635), sought within 90 days
Seller Note is unsecured, 10% interest, quarterly interest-only payments starting 90 days post-closing, matures in 3 years
Earnout: up to $10M at $5M cumulative revenue and $10M at $6M cumulative Adjusted EBITDA
Non-competition covenants for 2 years for key sellers Bernardo Schucman and Shanti Cillo
Indemnification: $100K basket, $10M cap, 18-month survival for general reps, statute of limitations +60 days for fundamental reps
OLOX market cap is ~$5M — the $30M+ deal consideration is 6x+ market cap, funded entirely with equity/debt, no cash

Financial Impact

Deal value of $30M upfront plus up to $20M earnout, funded with $14M Series D Preferred and $16M Seller Note. CS Digital contributed $20.6M revenue and $6.2M EBITDA in 2025 — transformative relative to OLOX's $5M market cap.

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Risk Factors

Massive dilution risk: $14M Series D Preferred at $100 stated value + 1.5M warrants + up to $20M earnout shares vs only 1M common shares outstanding
Stockholder approval required for conversion/exercise — failure would lock up the preferred and warrants indefinitely
Integration risk: combining a small energy company with a data center operator is operationally complex
Seller Note ($16M unsecured, 10% interest) adds meaningful debt service to a company with limited cash flow history
Historical stock performance is extremely poor (-91% avg T+20 return on prior filings) — market may not reward the deal
Nasdaq listing compliance risk given the massive share issuance relative to current float

Market Snapshot

Exchange

Nasdaq

Sector

Wholesale-Lumber & Other Construction Materials

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 9 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001213900-26-061792
Document: ea029242001ex3-1.htm	0001213900-26-061792
Document: ea0292420-8k_olenox.htm	0001213900-26-061792
Document: ea029242001ex4-1.htm	0001213900-26-061792
Document: ea029242001ex10-1.htm	0001213900-26-061792
Document: ea029242001ex99-1.htm	0001213900-26-061792
Document: 0001213900-26-061792-index-headers.html	0001213900-26-061792
Document: 0001213900-26-061792-index.html	0001213900-26-061792
Document: 0001213900-26-061792.txt	0001213900-26-061792

7 reports for OLOX

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for OLOX — sortable, filterable
	Type				Now
Jun 11, 2026 10d ago	8-K BEARISH ★ 5/10	$6.70 $5.79	▲ +13.58%	▲ +14.02%	$6.06 (+9.55%)
Jun 2, 2026 18d ago	8-K NEUTRAL ★ 4/10	$9.93 $7.84	▼ −21.05%	▼ −18.08%	$6.06 (−38.97%)
May 28, 2026 23d ago	8-K BULLISH ★ 8/10	$4.92 $8.42	▲ +71.14%	▲ +71.19%	$6.06 (+23.17%)
Apr 2, 2026 11w ago	8-K MIXED ★ 6/10	$7.20 $0.5600	▼ −92.22%	▼ −95.84%	$6.06 (−15.83%)
Mar 13, 2026 14w ago	8-K NEUTRAL ★ 4/10	$12.00 $1.05	▼ −91.25%	▼ −89.13%	$6.06 (−49.50%)
Mar 4, 2026 15w ago	Press Release MIXED ★ 5/10	$9.00 $1.28	▼ −85.78%	▼ −84.44%	$6.06 (−32.67%)
Mar 3, 2026 15w ago	Press Release NEUTRAL ★ 4/10	$9.42 $1.26	▼ −86.62%	▼ −86.15%	$6.06 (−35.67%)

US Market Status

Market Closed — Opens Mon (29h 31m)

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