OLENOX INDUSTRIES INC.

Olenox Industries Inc. entered into an Amendment Agreement with General Alpha Ltd. to modify their existing Stock Purchase Agreement and Registration Rights Agreement. Key changes include extending the Purchase Agreement's expiration date from May 8, 2026, to August 3, 2028, and updating the company name in the agreements. The amendment also revised anti-dilution provisions, removed certain sections like 'True-Up', and added a clause allowing the Purchaser to deduct up to 30% of the Put amount for outstanding debt. Additionally, the 'No Variable Rate Transactions' section was updated to prevent transactions with discounts over 10%.

Olenox Industries Inc. announced a change in its independent registered public accounting firm. The Audit Committee dismissed RBSM LLP and appointed Urish Popeck & Co, LLC for the fiscal year ending December 31, 2026, following a competitive review process. While RBSM's reports contained no adverse opinions, they did include an explanatory paragraph about the company's going concern ability and previously disclosed material weaknesses in internal controls.

Olenox Industries announced that its previously issued unaudited condensed consolidated financial statements for the first three quarters of 2025 should no longer be relied upon. This decision followed notification from its independent auditors regarding a material error related to the valuation of Series A Preferred Stock issued in the merger with New Asia Holdings, Inc. The error resulted in a $15,769,600 overstatement of consideration transferred, goodwill, and stockholders' equity. The company is currently in the process of amending and restating the affected financial statements.

Olenox Industries Inc. announced it has regained compliance with Nasdaq's periodic filing requirements, specifically Rule 5250(c)(1). The company had previously received notifications for failing to file its Form 10-K for December 31, 2025, and Form 10-Q for March 31, 2026. After filing these delinquent reports by the extended deadline of July 31, 2026, Nasdaq confirmed Olenox's compliance, ensuring its common stock will continue to be listed on The Nasdaq Capital Market. CEO Mike McLaren expressed satisfaction and highlighted the company's focus on its energy business strategy.

Olenox Industries reported a net loss attributable to common stockholders of $(3.06) million for Q1 2026, an increase from $(2.75) million in Q1 2025, while revenue declined to $285,313. The company also disclosed a going concern warning due to persistent losses, negative working capital of approximately $(23.4) million, and negative operating cash flows. Additionally, Olenox Industries changed its name from Safe & Green Holdings Corp. in January 2026 and restated prior financials related to a 2025 merger.

Olenox Industries, Inc. announced the appointment of Kimberly Hawley as its Interim Chief Financial Officer, effective July 6, 2026, through December 31, 2026. Ms. Hawley will receive an annual base salary of $250,000 and a restricted stock grant of $50,000. She brings over 30 years of executive financial leadership experience across various sectors and will continue her role as EVP, CFO, and Treasurer at Vivakor, Inc.

Olenox Industries Inc. acquired 100% of Psylinks Neurotech Corp. on July 3, 2026, for a purchase price of US$500,000. The consideration was paid in 104,166 restricted shares of Olenox common stock, valued at $4.80 per share. Psylinks, a neurotechnology and applied intelligence company, will become a wholly-owned subsidiary, with its key employees, Dr. Ford Burles and Dr. Michael McLaren-Gradinaru, joining Olenox as VP of Product Development and VP of Technology, respectively. The transaction, which involved a potential related party due to a familial relation with Olenox's Chairman, was approved by the Board with the Chairman abstaining.

Olenox Industries Inc. announced that its wholly-owned subsidiary, SG Echo, filed for Chapter 11 bankruptcy on April 28, 2026, accelerating $4.0 million in debt. The company also underwent three reverse stock splits: 1-for-20 in May 2024, 1-for-64 in September 2025, and 1-for-10 in May 2026, primarily to maintain Nasdaq listing compliance. Olenox completed a merger with New Asia Holdings, Inc. in February 2025 and acquired Giant Containers Inc. in December 2025, while also deconsolidating its former subsidiary SG DevCorp in 2024.

Olenox Industries Inc. entered into an Amended and Restated Membership Interest Purchase Agreement to acquire 100% of CS Digital Ventures, LLC. The aggregate upfront consideration is $30,000,000, comprising $14,000,000 in Series E Preferred Stock and a $16,000,000 unsecured promissory note. Additionally, warrants for 1,500,000 common shares and up to $20,000,000 in earnout shares of Series E Preferred Stock are part of the deal. Concurrently, existing Series D Preferred Stock holders exchanged their shares for Series E Preferred Stock. The conversion of Series E stock and exercise of warrants are subject to a 19.9% cap and require stockholder approval.

Olenox Industries Inc. appointed Erik Blum as its new President, effective June 1, 2026, with an employment agreement including a $200,000 annual salary and a $50,000 restricted stock grant. Blum, who has over 30 years of experience in finance and management, will continue to serve on the Board but resigned from the Audit Committee. Concurrently, the company dismissed Chief Financial Officer Patricia Kaelin on June 5, 2026, and is actively seeking a replacement.