Olenox Industries Inc.: buys IPD and Wildboy Holdings for $22,000,000

What happened

• Olenox Industries Inc. reported that on Oct 19, 2026 it executed and entered into an Equity Purchase Agreement to purchase all issued and outstanding equity interests of IPD Industries, Inc. and Wildboy Holdings, Ltd. for total consideration of $22,000,000.
• The consideration includes 700,000 shares of the company’s common stock, 210,000 shares of the company’s Series F preferred stock, and $300,000 cash, less the acquired companies’ indebtedness, the acquired companies’ Transaction Expenses, and any deposit paid by the company pre-closing.
• The filing states that the company closed the transaction and that the acquired companies are wholly owned subsidiaries; the company issued a press release on Oct 20, 2026 announcing the closing (attached as Exhibit 99.1).

Key details

• Purchase price: $22,000,000 total consideration: 700,000 common shares, 210,000 Series F preferred shares, and $300,000 cash, adjusted for indebtedness, transaction expenses, and pre-closing deposits.
• Series F preferred: par value $1.00 per share, stated value $100.00 per share, convertible into common stock by dividing stated value by $1.00 per share, subject to conversion limitations and lock-up agreements.
• Sellers named: Odin International Inc. and Wildboy Industries, Ltd.; acquired entities: IPD Industries, Inc. and Wildboy Holdings, Ltd.
• Filing items reported: Item 1.01 (entry into a material definitive agreement) and Item 7.01 (Regulation FD disclosure via press release).

Why it may matter

• The 8-K reports a material agreement (Item 1.01) describing the equity purchase and the closing, and a Regulation FD disclosure (Item 7.01) attaching the company press release about the closing. A filing does not show why the insider traded or why the company acted.