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Olenox Industries amends CS Digital deal, sets US$30 million upfront consideration

PUBT·06/22/2026 12:02:19
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Olenox Industries amends CS Digital deal, sets US$30 million upfront consideration
  • Olenox Industries completed the acquisition of CS Digital Ventures on June 16, 2026, taking 100% of its membership interests.
  • Upfront consideration totaled USD 30 million, split between USD 14 million of Series E Preferred Stock and a USD 16 million unsecured promissory note.
  • Transaction also included warrants for 1,500,000 common shares in three tranches priced at USD 5, USD 7, and USD 9.
  • Earnout could add up to USD 20 million of Series E Preferred Stock tied to CS Digital cumulative revenue and cumulative Adjusted EBITDA milestones.
  • Series D Preferred Stock holders agreed to exchange into an equal number of Series E Preferred Stock, with Series D shares canceled.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Olenox Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-070375), on June 22, 2026, and is solely responsible for the information contained therein.