Olenox Industries Announces 1-for-10 Reverse Stock Split to Regain Nasdaq Compliance

Olenox Industries (NASDAQ: OLOX) announced it will effect a 1-for-10 reverse stock split of its common stock, effective May 8, 2026, at 12:01 a.m. Eastern time. Shares are expected to begin trading on a split-adjusted basis the same day under the existing symbol OLOX. The move is intended to increase the company’s share price to meet Nasdaq’s $1.00 minimum bid requirement, a key listing standard.

The reverse stock split will reduce the number of outstanding shares from approximately 10.2 million to about 1.2 million, while maintaining stockholder ownership percentages, aside from rounding adjustments for fractional shares. This corporate action is a common strategy for companies facing delisting risk due to low share prices. For Olenox, the split aims to attract institutional investors and improve market perception, as many funds have policies against holding stocks trading below $1.

The announcement marks a critical step for the vertically integrated energy company, which operates across oil and gas, energy services, and energy technologies. Olenox focuses on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets. The company’s ability to maintain its Nasdaq listing is vital for accessing capital markets and supporting its growth strategy.

Investors should note that while reverse stock splits do not change the underlying value of a company, they can signal financial distress or a need to meet exchange requirements. However, they can also provide a temporary boost in share price and potentially reduce volatility. The effectiveness of this strategy depends on the company’s subsequent performance and market conditions.

Details of the reverse stock split were disclosed in a press release, which can be accessed at https://ibn.fm/M1UDT. For more information about Olenox Industries, including the latest news and updates, visit the company’s newsroom at https://ibn.fm/OLOX.

The reverse stock split is scheduled to take effect in May, giving shareholders time to adjust their holdings. Olenox Industries will continue to operate under the same trading symbol, and the split will apply to all outstanding shares of common stock. The company has not indicated any further changes to its capital structure at this time.

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