Business Context and Reporting Period
This Form 8-K Current Report was filed by Olenox Industries Inc. on May 7, 2026. The report details a corporate action involving the amendment of the company's Amended and Restated Certificate of Incorporation, filed with the Delaware Secretary of State. The company is incorporated in Delaware and its common stock trades on The Nasdaq Stock Market LLC under the symbol SGBX.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate governance action and does not contain financial performance data.
Material Changes
The primary material change reported is the implementation of a one-for-ten (1-for-10) reverse stock split of the company's issued and outstanding common stock. Key details include:
- Effective Date: The amendment became effective at 12:01 a.m. Eastern Time on May 8, 2026.
- Mechanism: Every 10 shares of common stock were automatically reclassified into one share.
- Fractional Shares: No fractional shares were issued. Stockholders entitled to fractional shares received the number of shares rounded up to the nearest whole share.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, outlook, or specific risk factors related to future operations. The document serves solely to disclose the legal execution of the reverse stock split and references the full text of the Certificate of Amendment filed as Exhibit 3.1.
Investor Verification Checklist
- Verify the updated share count and trading price post-split on Nasdaq (Symbol: SGBX) effective May 8, 2026.
- Confirm the treatment of fractional shares in personal brokerage accounts (rounded up to the nearest whole share).
- Review the full text of the Certificate of Amendment (Exhibit 3.1) for any additional provisions not summarized in the 8-K.
- Check for subsequent filings regarding the impact of the reverse split on the company's compliance with Nasdaq listing standards.