Olenox Settles Convertible Note with CEO McLaren
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy OLOX?
Source: Newsfilter
- Debt-to-Equity Conversion: Olenox CEO Michael McLaren has executed a settlement agreement to convert his convertible promissory note into common shares, fully settling the note's balance, which reflects the company's proactive approach to optimizing its capital structure.
- Preferred Share Exchange: Olenox also executed an agreement with McLaren to exchange 39,000 shares of Series A Preferred Shares for 585,000 restricted common shares, resolving all claims related to the preferred shares while enhancing shareholder value in the long term.
- Management Confidence: CFO Tricia Kaelin stated that this transaction conveys the CEO's commitment to the company and his vision for the future, further bolstering investor confidence in Olenox's growth prospects.
- Transparency and Compliance: The full terms of the settlement agreements were disclosed in a Form 8-K filing published on February 18, 2026, ensuring the company's transparency and compliance with regulatory requirements.
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About OLOX
Olenox Industries Inc., formerly Safe & Green Holdings Corp., is an industrial holding company. The Company is focused on acquiring, operating, and scaling businesses that provide engineered solutions across industrial, energy, and infrastructure markets. Through its subsidiaries, including Giant Containers, the Company delivers modular and containerized systems designed for rapid deployment and long-term performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Olenox Settles Convertible Note with CEO McLaren
- Debt-to-Equity Conversion: Olenox CEO Michael McLaren has executed a settlement agreement to convert his convertible promissory note into common shares, fully settling the note's balance, which reflects the company's proactive approach to optimizing its capital structure.
- Preferred Share Exchange: Olenox also executed an agreement with McLaren to exchange 39,000 shares of Series A Preferred Shares for 585,000 restricted common shares, resolving all claims related to the preferred shares while enhancing shareholder value in the long term.
- Management Confidence: CFO Tricia Kaelin stated that this transaction conveys the CEO's commitment to the company and his vision for the future, further bolstering investor confidence in Olenox's growth prospects.
- Transparency and Compliance: The full terms of the settlement agreements were disclosed in a Form 8-K filing published on February 18, 2026, ensuring the company's transparency and compliance with regulatory requirements.
See More
Olenox Industries Settles with Cedar Advance LLC
- Settlement Agreement: Olenox Industries has reached a mutual settlement with Cedar Advance LLC, resolving outstanding debts under the Standard Merchant Cash Advance Agreements, indicating proactive financial management by the company.
- Share Issuance Details: Under the settlement agreement executed on February 10, 2026, Olenox will issue restricted common stock to Cedar at market price to satisfy the owed amounts, demonstrating flexibility in liquidity management.
- Release of Legal Liabilities: The agreement provides for a mutual release of all claims, marking a comprehensive and final resolution of financial relations between Olenox and Cedar, thereby reducing potential legal risks.
- Compliance in Disclosure: Olenox disclosed the full terms of the settlement in an 8-K filing with the SEC on February 13, 2026, ensuring transparency and compliance, which enhances investor confidence.
See More
Vivakor Signs LOI to Sell Midstream Assets to Olenox for $36 Million
- Transaction Overview: Vivakor has signed a non-binding Letter of Intent with Olenox Industries to sell its midstream business and transportation assets for approximately $36 million, with payment structured through a combination of cash, notes, and stock.
- Financial Impact: The deal is based on Vivakor's annual EBITDA of $4.56 million, which is expected to strengthen its balance sheet and allow a sharper focus on its Permian Basin crude oil supply and trading operations.
- Strategic Synergies: Olenox's acquisition will expand its service market, increase fee-based predictable revenue, and lower per-well costs by aligning midstream logistics with field services to enhance uptime.
- Future Outlook: The parties are working towards a targeted closing on or before March 31, 2026, and the successful completion of this transaction will provide Vivakor with greater market opportunities while enhancing Olenox's competitiveness in the energy sector.
See More
Olenox Industries to Acquire Vivakor's Midstream Assets for $36 Million
- Acquisition Intent: Olenox Industries has signed a non-binding Letter of Intent to acquire CPE Gathering MidCon's midstream business and transportation assets from Vivakor for approximately $36 million, with the deal expected to close by March 31, 2026, enhancing the company's market presence in the STACK region.
- Financial Context: The transaction is based on an annual EBITDA of $4.56 million from Vivakor, with Olenox planning to pay through a combination of cash, promissory notes, and common and preferred stock, thereby enhancing its financial flexibility and capital structure.
- Market Expansion Strategy: Olenox's acquire-and-integrate strategy aims to strengthen its core brands and enhance market competitiveness by reducing per-well costs and increasing uptime through the integration of midstream logistics with field services, boosting predictable fee-based revenue.
- Operational Synergies: The acquisition is expected to support Olenox's unified development across energy, technology, and infrastructure platforms, enhancing operational efficiency through integrated gathering and terminal services, thereby creating synergies to drive long-term growth.
See More
Olenox Settles Convertible Note with CEO McLaren
- Debt-to-Equity Conversion: Olenox CEO Michael McLaren has executed a settlement agreement to convert his convertible promissory note into common shares, fully settling the note's balance, which reflects the company's proactive approach to optimizing its capital structure.
- Preferred Share Exchange: Olenox also executed an agreement with McLaren to exchange 39,000 shares of Series A Preferred Shares for 585,000 restricted common shares, resolving all claims related to the preferred shares while enhancing shareholder value in the long term.
- Management Confidence: CFO Tricia Kaelin stated that this transaction conveys the CEO's commitment to the company and his vision for the future, further bolstering investor confidence in Olenox's growth prospects.
- Transparency and Compliance: The full terms of the settlement agreements were disclosed in a Form 8-K filing published on February 18, 2026, ensuring the company's transparency and compliance with regulatory requirements.
See More
Olenox Industries Settles with Cedar Advance LLC
- Settlement Agreement: Olenox Industries has reached a mutual settlement with Cedar Advance LLC, resolving outstanding debts under the Standard Merchant Cash Advance Agreements, indicating proactive financial management by the company.
- Share Issuance Details: Under the settlement agreement executed on February 10, 2026, Olenox will issue restricted common stock to Cedar at market price to satisfy the owed amounts, demonstrating flexibility in liquidity management.
- Release of Legal Liabilities: The agreement provides for a mutual release of all claims, marking a comprehensive and final resolution of financial relations between Olenox and Cedar, thereby reducing potential legal risks.
- Compliance in Disclosure: Olenox disclosed the full terms of the settlement in an 8-K filing with the SEC on February 13, 2026, ensuring transparency and compliance, which enhances investor confidence.
See More
Vivakor Signs LOI to Sell Midstream Assets to Olenox for $36 Million
- Transaction Overview: Vivakor has signed a non-binding Letter of Intent with Olenox Industries to sell its midstream business and transportation assets for approximately $36 million, with payment structured through a combination of cash, notes, and stock.
- Financial Impact: The deal is based on Vivakor's annual EBITDA of $4.56 million, which is expected to strengthen its balance sheet and allow a sharper focus on its Permian Basin crude oil supply and trading operations.
- Strategic Synergies: Olenox's acquisition will expand its service market, increase fee-based predictable revenue, and lower per-well costs by aligning midstream logistics with field services to enhance uptime.
- Future Outlook: The parties are working towards a targeted closing on or before March 31, 2026, and the successful completion of this transaction will provide Vivakor with greater market opportunities while enhancing Olenox's competitiveness in the energy sector.
See More
Olenox Industries to Acquire Vivakor's Midstream Assets for $36 Million
- Acquisition Intent: Olenox Industries has signed a non-binding Letter of Intent to acquire CPE Gathering MidCon's midstream business and transportation assets from Vivakor for approximately $36 million, with the deal expected to close by March 31, 2026, enhancing the company's market presence in the STACK region.
- Financial Context: The transaction is based on an annual EBITDA of $4.56 million from Vivakor, with Olenox planning to pay through a combination of cash, promissory notes, and common and preferred stock, thereby enhancing its financial flexibility and capital structure.
- Market Expansion Strategy: Olenox's acquire-and-integrate strategy aims to strengthen its core brands and enhance market competitiveness by reducing per-well costs and increasing uptime through the integration of midstream logistics with field services, boosting predictable fee-based revenue.
- Operational Synergies: The acquisition is expected to support Olenox's unified development across energy, technology, and infrastructure platforms, enhancing operational efficiency through integrated gathering and terminal services, thereby creating synergies to drive long-term growth.
See More
