{"url_path":"/sec/olox/8-k/2026-06-22/item-5-03","section_key":"item-5-03","section_title":"Item 5.03 Amendments to Articles of Incorporation","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1023994/0001213900-26-070375-index.html","accession_number":"0001213900-26-070375","cik":"0001023994","ticker":"OLOX","issuer_name":"OLENOX INDUSTRIES INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1023994/0001213900-26-070375-index.html","primary_entity_key":"0001023994","primary_entity_name":"OLENOX INDUSTRIES INC."},"word_count":328,"has_tables":true,"body_markdown":"**Item 5.03. Amendments to Articles of Incorporation\nor Bylaws; Change in Fiscal Year.**\n\n** **\n\nOn June 17, 2026, in connection with the closing\nof the Acquisition, the Company filed a Certificate of Designation of Series E Preferred Stock (the “Certificate of Designation”)\nwith the Secretary of State of the State of Delaware, establishing the rights, preferences, privileges and restrictions of the Series\nE Preferred Stock.\n\n \n\nThe Certificate of Designation provides, among\nother things, that: (i) the Series E Preferred Stock is non-voting, except as required by the Delaware General Corporation Law; (ii) no\nshares of Series E Preferred Stock shall be convertible into Common Stock to the extent that, after giving effect to such issuance, the\naggregate number of shares of Common Stock issued or issuable pursuant to (x) the conversion of the Series E Preferred Stock, (y) the\nexercise of any warrants issued in connection with the issuance of the Series E Preferred Stock, or (z) the exercise, conversion or exchange\nor any other securities issued in the same financing transaction or any related transaction that are required to be aggregated pursuant\nto Nasdaq Listing Rule 5636(d) (or any successor rule), which would exceed 19.9% of the Company’s outstanding shares of Common Stock\nimmediately prior to the closing of such financing; (iii) the conversion price applicable to the Series E Preferred Stock is fixed at\n$1.00 per share, which the Company has determined equals or exceeds the “Minimum Price” determined in accordance with Nasdaq\nListing Rule 5635(d)(1) as of the closing date; and (iv) the Series E Preferred Stock is not subject to any redemption right, sinking\nfund, mandatory conversion right or price-based anti-dilution protection..\n\n \n\nThe foregoing description of the Certificate of\nDesignation does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Designation,\na copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.\n\n \n\n3"}