Form 8-K

8-K — OLENOX INDUSTRIES INC.

Accession: 0001213900-26-086226

Filed: 2026-08-06

Period: 2026-07-31

CIK: 0001023994

SIC: 5030 (WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS)

Item: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

Documents

8-K — ea0300966-8k_olenox.htm (Primary)

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8-K — CURRENT REPORT

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES

EXCHANGE ACT OF 1934

Date

of Report (Date of earliest event reported): July 31, 2026

OLENOX INDUSTRIES INC.

(Exact

Name of Registrant as Specified in its Charter)

Delaware

001-38037

95-4463937

(State

or Other Jurisdiction of

Incorporation)

(Commission File Number)

(I.R.S.

Employer

Identification

Number)

1207 N. FM 3083 Bldg. C

Conroe, TX 77304

(Address

of Principal Executive Offices, Zip Code)

Registrant’s

telephone number, including area code: (936) 323-6332

(Former

name or former address, if changed since last report.)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written communications

pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of Each Class

Trading

Symbol(s)

Name

of Each Exchange on Which Registered

Common Stock, par value $0.01

OLOX

The Nasdaq Stock Market LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

July 31, 2026, Olenox Industries, Inc.’s (“Olenox” or the “Company”) independent auditors at the time notified

Company management that they believed the Company’s unaudited condensed consolidated financial statements included in its Quarterly

Reports on Form 10-Q for the quarterly periods ended March 31, 2025, June 30, 2025, and September 30, 2025, were materially incorrect

and should not be relied upon. On August 3, 2026, following the notification from the Company’s independent auditors, the Company’s

authorized officers concluded that the previously issued unaudited condensed consolidated financial statements for those periods should

no longer be relied upon. The error in the Company’s financial statements for these periods relates to the merger (the “Merger”)

the Company completed with New Asia Holdings, Inc., a Nevada corporation (“NAHD”). As consideration for the Merger, the Company

issued 4,000,000 shares of its Series A Preferred Stock to NAHD’s shareholders. During the preparation of the Company’s financial

statements for the year ended December 31, 2025, the Company determined that the acquisition-date fair value of the 4,000,000 shares

was $18,800,000 rather than the $34,569,600 previously recorded. Under ASC 805, Business Combinations, consideration transferred

in a business combination, including equity interests issued by the acquirer, must be measured at fair value as of the acquisition date.

The error related to how the acquisition-date fair value of the Series A Preferred Stock was calculated. The $15,769,600 difference

between the amount originally recorded and the acquisition-date fair value therefore represents an error in measurement in previously

issued financial statements within the meaning of ASC 250, Accounting Changes and Error Corrections. As a result, the correction

reduces the consideration transferred, and correspondingly goodwill, by $15,769,600 and reduces by the same amount the value recorded

in stockholders’ equity for the Series A Preferred Stock issued as consideration. The correction does not affect the Company’s

net loss, net loss per share, cash flows or working capital for any of the affected periods.

Management

is in the process of amending and restating the three relevant periods financial statements and the Company will file amended quarterly

reports with the applicable restated financial statements as soon as the financial statements are completed and reviewed by the Company’s

independent auditor.

The

Company provided the independent auditors that made the determination with a copy of the disclosures it is making in this Current Report

on Form 8-K and requested that they furnish it with a letter addressed to the U.S. Securities and Exchange Commission (“SEC”)

stating whether they agree with the above disclosures and, if not, stating the respects in which they do not agree. If the Company

receives a letter from the independent auditor it will attach it to an amendment to this Current Report on a Form 8-K/A.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its

behalf by the undersigned hereunto duly authorized.

OLENOX

INDUSTRIES INC.

Dated:

August 6, 2026

By:

/s/

Michael McLaren

Name:

Michael McLaren

Title:

Chief Executive Officer

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Entity File Number

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Entity Registrant Name

OLENOX INDUSTRIES INC.

Entity Central Index Key

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Entity Tax Identification Number

95-4463937

Entity Incorporation, State or Country Code

Entity Address, Address Line One

1207 N. FM 3083 Bldg. C

Entity Address, City or Town

Conroe

Entity Address, State or Province

Entity Address, Postal Zip Code

77304

City Area Code

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Local Phone Number

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Security Exchange Name

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