Olenox Industries (NASDAQ: OLOX) announced it will effect a 1-for-10 reverse stock split of its common stock effective May 8, 2026, at 12:01 a.m. Eastern time, with shares expected to begin trading on a split-adjusted basis the same day under the existing symbol. The move is intended to increase the company’s share price to meet Nasdaq’s $1.00 minimum bid requirement, reducing outstanding shares from approximately 10.2 million to about 1.2 million while maintaining stockholder ownership percentages, aside from rounding adjustments for fractional shares.
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About Olenox Industries Inc.
Olenox Industries Inc. (NASDAQ:OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.
NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://ibn.fm/OLOX
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