OLENOX INDUSTRIES INC. 8-K

What Happened
Olenox Industries Inc. (filed as Item 5.03) announced a one-for-ten (1-for-10) reverse stock split of its common stock. The company filed a Certificate of Amendment with the Delaware Secretary of State on May 7, 2026, and the Reverse Stock Split became effective at 12:01 a.m. Eastern Time on May 8, 2026. At the effective time, every 10 issued and outstanding shares of common stock were automatically reclassified into one share.

Key Details

• Reverse split ratio: 1-for-10 (every 10 shares → 1 share).
• Effective date/time: May 8, 2026 at 12:01 a.m. ET (Certificate filed May 7, 2026).
• Fractional shares: No fractional shares were issued; holders who would have received a fractional share were rounded up to the nearest whole share.
• Formal filing: Certificate of Amendment filed with Delaware and included as Exhibit 3.1 to the 8-K.

Why It Matters
A reverse stock split reduces the number of outstanding shares (here by a factor of ten) and increases the per-share basis, but it does not by itself change the company’s total market value. For investors, the split can affect per-share metrics (shares outstanding, earnings per share) and may influence trading dynamics and compliance with listing requirements. The filing documents the legal change to Olenox’s certificate of incorporation and its effective date; investors should note the new share counts on their brokerage statements after the split takes effect.