OLOX 8-K
Olenox Industries Inc. (OLOX)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
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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:
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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
If 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 1.03 Bankruptcy or Receivership
On April 28, 2026, SG Echo LLC, a Delaware limited liability company (“SG Echo” or the “Debtor”), a wholly owned subsidiary of Olenox Industries, Inc., a Delaware corporation (the “Company”), commenced a voluntary case (the “Chapter 11 Case”) under title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Eastern District of Oklahoma (the “Bankruptcy Court”), to seek for a court-administered reorganization pursuant to a plan of reorganization (the “Plan”). The Chapter 11 Case pertains solely to SG Echo and does not include Olenox Industries, Inc. or any other subsidiaries or affiliates, which continue to operate normally.
The Debtor continues to operate its business as the “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. The Debtor is now seeking approval of a variety of “first day” motions containing customary relief intended to facility the Debtor’s ability to continue its ordinary course operations. The Debtor expects to shortly file the Plan which contemplates the treatment of claims, including general unsecured claims. As such, the Debtor expects to continue operating as normal during the Chapter 11 Case.
Additional information about the Chapter 11 Case, including access to Bankruptcy Court documents, is available at the Bankruptcy Court clerk’s office located at 101 N. 5th Street, P.O. BOX 1888, Muskogee, OK, 74402, or through PACER (Public Access to Court Electronic Records at https://pacer.uscourts.gov). The information on this website is not incorporated by reference into, and does not constitute part of, this Current Report.
The Notice of Chapter 11 Bankruptcy Case Filing, and Voluntary Petition, are attached to this Current Report on Form 8-K as Exhibit 10.1 and 10.2 and incorporated herein by reference.
Item 2.04 Triggering Events That Accelerate or Increase Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
The filing of the Chapter 11 Case constitutes an event of default that accelerated obligations under the following material debt instruments and agreements: (i) approximately $4 million (plus any accrued but unpaid interest in respect thereof) under that certain Loan and Security Agreement between SG Echo, LLC and Enhanced Capital Oklahoma Rural Fund, LLC, dated as of September 20, 2024 (the “Enhanced Loan Agreement”).
The Enhanced Loan Agreement provides that, as a result of the Chapter 11 Case, the principal and interest due thereunder shall be immediately due and payable. Any efforts to enforce such payment obligations under the Enhanced Loan Agreement are automatically stayed as a result of the Chapter 11 Case, and the creditors’ rights of enforcement in respect of the Enhanced Loan Agreement are subject to the applicable provisions of the Bankruptcy Code.
Item 7.01 Regulation FD Disclosure
On May 4, 2026, the Company issued a press release announcing the Chapter 11 Case and other matters, a copy of which is attached as Exhibit 99.1 hereto and incorporated by reference. The information contained in this Item 7.01 and Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent as expressly set forth by specific reference in such a filing.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers can generally identify forward looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “vision,” “should,” or the negative thereof or other variations thereon or comparable terminology.
Forward-looking statements include those we make regarding SG Echo’s ability to continuing operating its business and implement the restructuring pursuant to the Chapter 11 Case. The preceding list is not intended to be an exhaustive list of all of the Company’s forward-looking statements. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company’s control. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included elsewhere in this press release are not guarantees. Any forward-looking statement that the Company makes in this press release speaks only as of the date of such statement. Except as required by law, the Company does not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking
Item 9.01 Financial Statements and Exhibits
| Exhibit Number |
Description | |
| 10.1 | Notice of Chapter 11 Bankruptcy Case Filing, dated April 28, 2026 | |
| 10.2 | Voluntary Petition, dated April 28, 2026 | |
| 99.1 | Press Release dated May 4, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |
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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: May 4, 2026 | By: | /s/ Michael McLaren | |
| Name: | Michael McLaren | ||
| Title: | Chief Executive Officer | ||
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Exhibit 10.1
Information to identify the case: EIN: 85−2885690 Debtor SG Echo, LLC Name April 28, 2026 11 Date case filed for chapter: United States Bankruptcy Court Eastern District of Oklahoma Case number: 26−80385 Official Form 309F1 (For Corporations or Partnerships) Notice of Chapter 11 Bankruptcy Case Official Form 309F1 (For Corporations or Partnerships) Notice of Chapter 11 Bankruptcy Case page 1 Case 26 - 80385 Doc 8 Filed 04/29/26 Entered 04/29/26 15:05:44 Desc Notice of Ch11 Mtg C/P Page 1 of 2 10/20 For the debtor listed above, a case has been filed under chapter 11 of the Bankruptcy Code. An order for relief has been entered. This notice has important information about the case for creditors and debtors, including information about the meeting of creditors and deadlines. Read both pages carefully. The filing of the case imposed an automatic stay against most collection activities. This means that creditors generally may not take action to collect debts from the debtor or the debtor's property. For example, while the stay is in effect, creditors cannot sue, assert a deficiency, repossess property, or otherwise try to collect from the debtor. Creditors cannot demand repayment from the debtor by mail, phone, or otherwise. Creditors who violate the stay can be required to pay actual and punitive damages and attorney's fees. Confirmation of a chapter 11 plan may result in a discharge of debt. A creditor who wants to have a particular debt excepted from discharge may be required to file a complaint in the bankruptcy clerk's office within the deadline specified in this notice. (See line 11 below for more information.) To protect your rights, consult an attorney. All documents filed in the case may be inspected at the bankruptcy clerk's office at the address listed below or through PACER (Public Access to Court Electronic Records at https://pacer.uscourts.gov) . The staff of the bankruptcy clerk's office cannot give legal advice. Do not file this notice with any proof of claim or other filing in the case. SG Echo, LLC 1. Debtor's full name 2. All other names used in the last 8 years 1207 Building C N FM 3083 Road E Conroe, TX 77304 3. Address Contact phone 405−235−4100 Email: [email protected] Jason Anthony Sansone Phillips Murrah P.C. 424 NW 10th Street, Suite 300 Oklahoma City, OK 73103 4. Debtor's attorney Name and address Hours open: 8:30 AM − 4:30 PM M−F Contact phone 918−549−7200 Date: April 29, 2026 101 N. 5th Street P. O. Box 1888 Muskogee, OK 74402 5. Bankruptcy clerk's office Documents in this case may be filed at this address. You may inspect all records filed in this case at this office or online at https://pacer.uscourts.gov . Location: 341 Telephonic Ch 11 Dial 888−330−1716, access 4100506, Muskogee, Ok 74402 June 1, 2026 at 10:00 AM The meeting may be continued or adjourned to a later date. If so, the date will be on the court docket. 6. Meeting of creditors The debtor's representative must attend the meeting to be questioned under oath. Creditors may attend, but are not required to do so. For more information, see page 2 >
Official Form 309F1 (For Corporations or Partnerships) Notice of Chapter 11 Bankruptcy Case page 2 Case 26 - 80385 Doc 8 Filed 04/29/26 Entered 04/29/26 15:05:44 Desc Notice of Ch11 Mtg C/P Page 2 of 2 Deadline for filing proof of claim: For all creditors (except a governmental July 12, 2026 unit): For a governmental unit: October 29, 2026 A proof of claim is a signed statement describing a creditor's claim.A proof of claim form may be filed at www.okeb.uscourts.gov/file−proof−cla i m or a proof of claim form may be obtained atany bankruptcy clerk's office. Your claim will be allowed in the amount scheduled unless: • your claim is designated as disputed , contingent , or unliquidated; • you file a proof of claim in a different amount; or • you receive another notice. If your claim is not scheduled or if your claim is designated as disputed , contingent , or unliquidated , you must file a proof of claim or you might not be paid on your claim and you might be unable to vote on a plan. You may file a proof of claim even if your claim is scheduled. You may review the schedules at the bankruptcy clerk's office or online at https://pacer.uscourts.gov. Secured creditors retain rights in their collateral regardless of whether they file a proof of claim. Filing a proof of claim submits a creditor to the jurisdiction of the bankruptcy court, with consequences a lawyer can explain. For example, a secured creditor who files a proof of claim may surrender important nonmonetary rights, including the right to a jury trial. 7. Proof of claim deadline If † 523(c) applies to your claim and you seek to have it excepted from discharge, you must start a judicial proceeding by filing a complaint by the deadline stated below. Deadline for filing the complaint: July 31, 2026 8. Exception to discharge deadline The bankruptcy clerk's office must receive a complaint and any required filing fee by the following deadline. If you are a creditor receiving notice mailed to a foreign address, you may file a motion asking the court to extend the deadlines in this notice. Consult an attorney familiar with United States bankruptcy law if you have any questions about your rights in this case. 9. Creditors with a foreign address Chapter 11 allows debtors to reorganize or liquidate according to a plan. A plan is not effective unless the court confirms it. You may receive a copy of the plan and a disclosure statement telling you about the plan, and you may have the opportunity to vote on the plan. You will receive notice of the date of the confirmation hearing, and you may object to confirmation of the plan and attend the confirmation hearing. Unless a trustee is serving, the debtor will remain in possession of the property and may continue to operate its business. 10. Filing a Chapter 11 bankruptcy case Confirmation of a chapter 11 plan may result in a discharge of debts, which may include all or part of your debt. See 11 U.S.C. † 1141(d). A discharge means that creditors may never try to collect the debt from the debtor except as provided in the plan. If you want to have a particular debt owed to you excepted from the discharge and † 523(c) applies to your claim, you must start a judicial proceeding by filing a complaint and paying the filing fee in the bankruptcy clerk's office by the deadline. 11. Discharge of debts Debtor SG Echo, LLC Case number 26−80385
Exhibit 10.2
Fill in this information to identify the case: Chapter 11 United States Bankruptcy Court for the: EASTERN DISTRICT OF OKLAHOMA Case number (if known) Check if this is an amended filing Official Form 201 Voluntary Petition for Non - Individuals Filing for Bankruptcy 04/25 If more space is needed, attach a separate sheet to this form. On the top of any additional pages, write the debtor's name and the case number (if known). For more information, a separate document, Instructions for Bankruptcy Forms for Non - Individuals, is available. 1. Debtor's name SG Echo, LLC 2. All other names debtor used in the last 8 years Include any assumed names, trade names and doing business as names 3. Debtor's federal Employer Identification Number (EIN) 85 - 2885690 4. Debtor's address Principal place of business Mailing address, if different from principal place of business 1207 Building C N FM 3083 Road E Conroe, TX 77304 Number, Street, City, State & ZIP Code P.O. Box, Number, Street, City, State & ZIP Code Montgomery Location of principal assets, if different from principal place of business County Number, Street, City, State & ZIP Code 5. Debtor's website (URL) 6. Type of debtor Corporation (including Limited Liability Company (LLC) and Limited Liability Partnership (LLP)) Partnership (excluding LLP) Other. Specify: Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Official Form 201 Voluntary Petit i o D n o f o c r u N m o n e - I n n d t i v idu a P l s a F g i l i e n g 1 f o o r B f a 2 n 6 kruptcy page 1
Debtor SG Echo, LLC Case number ( if known ) Name 7. Describe debtor's business A. Check one: Health Care Business (as defined in 11 U.S.C. † 101(27A)) Single Asset Real Estate (as defined in 11 U.S.C. † 101(51B)) Railroad (as defined in 11 U.S.C. † 101(44)) Stockbroker (as defined in 11 U.S.C. † 101(53A)) Commodity Broker (as defined in 11 U.S.C. † 101(6)) Clearing Bank (as defined in 11 U.S.C. † 781(3)) None of the above B. Check all that apply Tax - exempt entity (as described in 26 U.S.C. † 501) Investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C. † 80a - 3) Investment advisor (as defined in 15 U.S.C. † 80b - 2(a)(11)) C. NAICS (North American Industry Classification System) 4 - digit code that best describes debtor. See http://www.uscourts.gov/four - digit - national - association - naics - codes . 1330 8. Under which chapter of the Bankruptcy Code is the debtor filing? Check one: Chapter 7 Chapter 9 Chapter 11. Check all that apply : Debtor’s aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than $3,424,000 (amount subject to adjustment on 4/01/28 and every 3 years after that). The debtor is a small business debtor as defined in 11 U.S.C. † 101(51D). If the debtor is a small business debtor, attach the most recent balance sheet, statement of operations, cash - flow statement, and federal income tax return or if all of these documents do not exist, follow the procedure in 11 U.S.C. † 1116(1)(B). The debtor is a small business debtor as defined in 11 U.S.C. † 101(51D), and it chooses to proceed under Subchapter V of Chapter 11. A plan is being filed with this petition. Acceptances of the plan were solicited prepetition from one or more classes of creditors, in accordance with 11 U.S.C. † 1126(b). The debtor is required to file periodic reports (for example, 10K and 10Q) with the Securities and Exchange Commission according to † 13 or 15(d) of the Securities Exchange Act of 1934. File the A ttachment to Voluntary Petition for Non - Individuals Filing for Bankruptcy under Chapter 11 (Official Form 201A) with this form. The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule 12b - 2. Chapter 12 9. Were prior bankruptcy cases filed by or against the debtor within the last 8 years? If more than 2 cases, attach a separate list. No. Yes. District District When When Case number Case number 10. Are any bankruptcy cases pending or being filed by a business partner or an affiliate of the debtor? No Yes. Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Official Form 201 Voluntary Petit i o D n o f o c r u N m o n e - I n n d t i v idu a P l s a F g i l i e n g 2 f o o r B f a 2 n 6 kruptcy page 2
Debtor SG Echo, LLC Case number ( if known ) Name List all cases. If more than 1, attach a separate list Debtor District Relationship Case number, if known When 11. Why is the case filed in this district? Check all that apply: Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately preceding the date of this petition or for a longer part of such 180 days than in any other district. A bankruptcy case concerning debtor's affiliate, general partner, or partnership is pending in this district. 12. Does the debtor own or have possession of any real property or personal property that needs immediate attention? No Yes. Answer below for each property that needs immediate attention. Attach additional sheets if needed. Why does the property need immediate attention? ( Check all that apply. ) It poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety. What is the hazard? It needs to be physically secured or protected from the weather. It includes perishable goods or assets that could quickly deteriorate or lose value without attention (for example, livestock, seasonal goods, meat, dairy, produce, or securities - related assets or other options). Other Where is the property? Number, Street, City, State & ZIP Code Is the property insured? No Yes. Insurance agency Contact name Phone Statistical and administrative information 13. Debtor's estimation of available funds . Check one: Funds will be available for distribution to unsecured creditors. After any administrative expenses are paid, no funds will be available to unsecured creditors. 14. Estimated number of creditors 1 - 49 50 - 99 100 - 199 200 - 999 1,000 - 5,000 5001 - 10,000 10,001 - 25,000 25,001 - 50,000 50,001 - 100,000 More than100,000 15. Estimated Assets $0 - $50,000 $50,001 - $100,000 $100,001 - $500,000 $500,001 - $1 million $1,000,001 - $10 million $10,000,001 - $50 million $50,000,001 - $100 million $100,000,001 - $500 million $500,000,001 - $1 billion $1,000,000,001 - $10 billion $10,000,000,001 - $50 billion More than $50 billion 16. Estimated liabilities $0 - $50,000 $50,001 - $100,000 $100,001 - $500,000 $500,001 - $1 million $1,000,001 - $10 million $10,000,001 - $50 million $50,000,001 - $100 million $100,000,001 - $500 million $500,000,001 - $1 billion $1,000,000,001 - $10 billion $10,000,000,001 - $50 billion More than $50 billion Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Official Form 201 Voluntary Petit i o D n o f o c r u N m o n e - I n n d t i v idu a P l s a F g i l i e n g 3 f o o r B f a 2 n 6 kruptcy page 3
Debtor SG Echo, LLC Case number ( if known ) Name Request for Relief, Declaration, and Signatures WARNING - - Bankruptcy fraud is a serious crime. Making a false statement in connection with a bankruptcy case can result in fines up to $500,000 or imprisonment for up to 20 years, or both. 18 U.S.C. †† 152, 1341, 1519, and 3571. 17. Declaration and signature of authorized representative of debtor The debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this petition. I have been authorized to file this petition on behalf of the debtor. I have examined the information in this petition and have a reasonable belief that the information is true and correct. I declare under penalty of perjury that the foregoing is true and correct. Executed on April 28, 2026 MM / DD / YYYY X /s/ Michael McLaren Michael McLaren Signature of authorized representative of debtor Printed name Title Chief Executive Officer 18. Signature of attorney X /s/ Jason A. Sansone Date April 28, 2026 Signature of attorney for debtor MM / DD / YYYY Jason A. Sansone Printed name Phillips Murrah P.C. Firm name 424 NW 10th Street, Suite 300 Oklahoma City, OK 73103 Number, Street, City, State & ZIP Code Contact phone 405.235.4100 Email address [email protected] 30913 OK Bar number and State Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Official Form 201 Voluntary Petit i o D n o f o c r u N m o n e - I n n d t i v idu a P l s a F g i l i e n g 4 f o o r B f a 2 n 6 kruptcy page 4
Fill in this information to identify the case: Debtor name SG Echo, LLC United States Bankruptcy Court for the: EASTERN DISTRICT OF OKLAHOMA Check if this is an Case number (if known): amended filing Official Form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Claims and Are Not Insiders 12/15 A list of creditors holding the 20 largest unsecured claims must be filed in a Chapter 11 or Chapter 9 case. Include claims which the debtor disputes. Do not include claims by any person or entity who is an insider, as defined in 11 U.S.C. † 101(31). Also, do not include claims by secured creditors, unless the unsecured claim resulting from inadequate collateral value places the creditor among the holders of the 20 largest unsecured claims. Amount of claim If the claim is fully unsecured, fill in only unsecured claim amount . If claim is partially secured, fill in total claim amount and deduction for value of collateral or setoff to calculate unsecured claim . Indicate if claim is contingent, unliquidated, or disputed Nature of claim (for example, trade debts, bank loans, professional services, and government contracts) Name, telephone number and email address of creditor contact Name of creditor and complete mailing address, including zip code Unsecured claim Deduction for value of collateral or setoff Total claim, if partially secured $35,158.79 Trade debt 972.864.8411 84 Lumber Company LP 1019 Route 519 Eighty Four, PA 15330 $90,317.02 Trade debt 972.276.7626 Amtex Corp 832 East Walnut Street Garland, TX 75040 $180,127.47 Trade debt 972.298.2772 Automatic Sprinkler of Texas PO Box 38209 Duncanville, TX 75138 $122,337.81 Contingent Unliquidated Disputed Pending litigation; see Statement of Financial Affairs 580.920.0160 Choctaw Nation of Oklahoma PO Box 1210 Durant, OK 74702 $121,928.15 Trade debt 469.467.7771 Elliott Electrial Supply PO Box 206524 Dallas, TX 75320 - 6524 $30,394.80 Contingent Unliquidated Disputed Pending litigation; see Statement of Financial Affairs Employers Assurance Company PO Box 539003 Henderson, NV 89053 - 9003 $1,409,600.00 $590,400.00 $2,000,000.00 Contingent Unliquidated Disputed Building crane (555,000) and lifts (35,400) Farnam Street Financial Inc 5850 Opus Parkway Hopkins, MN 55343 Official form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims page 1 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 5 of 26
Debtor SG Echo, LLC Case number (if known) Name and government contracts) Amount of claim If the claim is fully unsecured, fill in only unsecured claim amount . If claim is partially secured, fill in total claim amount and deduction for value of collateral or setoff to calculate unsecured claim . Indicate if claim is contingent, unliquidated, or disputed Nature of claim (for example, trade debts, bank loans, professional services, Name, telephone number and email address of creditor contact Name of creditor and complete mailing address, including zip code Unsecured claim Deduction for value of collateral or setoff Total claim, if partially secured $61,652.62 Trade debt First Insurance Funding 450 Skokie Blvd Suite 1000 Northbrook, IL 60062 - 7917 $200,915.12 Trade debt 817.417.7800 Geary Pacific Supply 921 West Mayfield Road Suite 128 Arlington, TX 76015 $113,858.01 Contingent Unliquidated Disputed Trade debt 972.324.0010 L and W Supply Corporation 10750 West John Elloiott Drive Frisco, TX 75034 $72,337.31 Trade debt 303.667.4617 Lane Elevated Industrial Solutions dba EIS Co LLC 2050 West Barberry Pl Denver, CO 80204 $39,176.03 Trade debt 580.920.2112 Locke Supply Co 2100A West Evergreen Durant, OK 74701 $32,972.24 Contingent Unliquidated Disputed Trade debt 903.465.5388 Main Street Lumber Company 230 East Main Street Denison, TX 75021 $56,429.00 Trade debt 903.465.7677 Metal Warehouse Inc 23994 West US Highway 82 Sherman, TX 75092 $60,169.09 Trade debt 866.982.4253 Peak Modular Management LLC 209 East Main Street Waxahachie, TX 75165 $57,159.28 Trade debt 817.633.7771 Service Partners 841 North Great Southwest Parkway Arlington, TX 76011 $46,550.00 Trade debt 952.250.8492 Specialized Transportation Ent Inc 8417 Bavarie Road Victoria, MN 55386 Official form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims page 2 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 6 of 26
Debtor SG Echo, LLC Case number (if known) Name and government contracts) Amount of claim If the claim is fully unsecured, fill in only unsecured claim amount . If claim is partially secured, fill in total claim amount and deduction for value of collateral or setoff to calculate unsecured claim . Indicate if claim is contingent, unliquidated, or disputed Nature of claim (for example, trade debts, bank loans, professional services, Name, telephone number and email address of creditor contact Name of creditor and complete mailing address, including zip code Unsecured claim Deduction for value of collateral or setoff Total claim, if partially secured $84,507.65 Contingent Unliquidated Disputed Trade debt 800.433.4047 Tell Manufacturing A Division of Spectrum Brands Inc 3001 Deming Way Middleton, WI 53562 $90,759.81 Trade debt United Rentals (North America) Inc PO Box 840514 Dallas, TX 75284 - 0514 $57,263.84 Trade debt 940.322.9611 Wichita Metal Products Inc 1020 Vermont Wichita Falls, TX 76308 Official form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims page 3 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 7 of 26
United States Bankruptcy Court Eastern District of Oklahoma In re SG Echo, LLC Case No. Chapter Debtor(s) 11 VERIFICATION OF CREDITOR MATRIX I, the Chief Executive Officer of the corporation named as the debtor in this case, hereby verify that the attached list of creditors is true and correct to the best of my knowledge. Date: April 28, 2026 /s/ Michael McLaren Michael McLaren / Chief Executive Officer Signer/Title Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 8 of 26
84 Lumber Company LP 1019 Route 519 Eighty Four, PA 15330 A and T Spray Foam PO Box 256 Calera, OK 74730 A T and T PO Box 5014 Carol Stream, IL 60197 - 5914 Abel Corporation 1049 Boeing Street Boise, ID 83705 Advance Pest Control Services 4019 West Highway 70 Durant, OK 74701 AF Group 200 North Grand Avenue Lansing, MI 48933 AFISCO 3501 Avenue E East Arlington, TX 76005 - 5332 Airgas Inc Airgas USA LLC PO Box 734671 Dallas, TX 75373 - 4671 Amazon 410 Terry Avenue North Seattle, WA 98109 American Builders and Contractors Supply Co Inc dba ABC Supply Company Robinett Swartz and Duren 401 South Boston Ave Suite 1600 Tulsa, OK 74103 Amtex Corp 832 East Walnut Street Garland, TX 75040 Automatic Sprinkler of Texas PO Box 38209 Duncanville, TX 75138 Beacon Sales Acquisition Inc 505 Huntmar Park Drive Suite 300 Herndon, VA 20170 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 9 of 26
Bennett Truck Transport 1001 Industrial Parkway McDonough, GA 30253 Blackburn Plumbing LLC 201 Shady Creek Road Suite 103 Durant, OK 74701 Bryan County Treasurer 323 West Beech Street Durant, OK 74701 Burrage Law Firm PO Box 1727 Durant, OK 74702 - 1727 Charles Stephen Whisman Consulting 2302 Wilson Street Durant, OK 74701 Choctaw Nation of Oklahoma PO Box 1210 Durant, OK 74702 CT Corporation System 28 Liberty Street New York, NY 10005 De Lage Landen Financial Services Inc 1111 Old Eagle School Road Wayne, PA 19087 Direct Drive Logistics Inc 11122 West Rogers Street Milwaukee, WI 53227 Douglass Distributing LPG 325 East Forest Avenue Sherman, TX 75090 Dreig Construction PO Box 238 Frisco, TX 75034 Durant Area Chamber of Commerce 215 North 4th Avenue Durant, OK 74701 E S and A Sign Corp 89975 Prairie Road Eugene, OR 97402 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 10 of 26
Elliott Electrial Supply PO Box 206524 Dallas, TX 75320 - 6524 Employers Assurance Company PO Box 539003 Henderson, NV 89053 - 9003 Enhanced Capital Oklahoma Rural Fund LLC 201 St Charles Ave Suite 3400 New Orleans, LA 70170 ESCO Laminating Texas Inc 4901 Steinbeck Benc Waco, TX 76708 Farnam Street Financial Inc 5850 Opus Parkway Hopkins, MN 55343 Fastenal 115 Country Club Drive Durant, OK 74701 Felker Sander and Associates PC 3033 NW 63rd Street Suite 100E Oklahoma City, OK 73116 Ferguson Enterprise PO Box 84711 Dallas, TX 75284 - 7411 First Insurance Funding 450 Skokie Blvd Suite 1000 Northbrook, IL 60062 - 7917 Five Star Office Supply 205 West Main Durant, OK 74701 Four Feathers Alarm LLC 9650 FM 1417 Denison, TX 75020 Function 4 LLC 12560 Reed Road Suite 200 Sugar Land, TX 77478 GableGotwals Attys for Austerra Stable Growth Fund LP 110 North Elgin Avenue Suite 200 Tulsa, OK 74120 - 1495 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 11 of 26
Geary Pacific Supply 921 West Mayfield Road Suite 128 Arlington, TX 76015 Global Industrial Equipment Co Inc 29833 Network Place Chicago, IL 60673 - 1298 Hall Estill Hardwick Gable Golden and Nelson PC 521 East 2nd Street Suite 1200 Tulsa, OK 74120 Harbor Freight 26541 Agoura Road Calabasas, CA 91302 - 2093 Hood and Stacy PA aka Stacy Law Group PO Box 271 Bentonville, AR 72712 ICC Evaluation Service 500 New Jersey Ave NW 6th Floor Washington, DC 20001 Industrial Safety Products 2023 NW 8rth Avenue Miami, FL 33122 Internal Revenue Service Centralized Insolvency Operation PO Box 7346 Philadelphia, PA 19101 Internal Revenue Service Bankruptcy Department 55 North Robinson Oklahoma City, OK 73102 J and D Metal Building and Supply LLC PO Box 496 Colbert, OK 74733 Jimmies Auto Supply LLC PO Box 838 Durant, OK 74701 JJP Mechanical Reps LLC 2969 Armor Drive Suite 400A Nashville, TN 37204 L and W Supply Corporation 10750 West John Elloiott Drive Frisco, TX 75034 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 12 of 26
Lane Elevated Industrial Solutions dba EIS Co LLC 2050 West Barberry Pl Denver, CO 80204 Lippert Component Manufacturing 3501 CR 6 Elkhart, IN 46515 Locke Supply Co 2100A West Evergreen Durant, OK 74701 Main Street Lumber Company 230 East Main Street Denison, TX 75021 Matheson Tri Gas Inc 909 Lake Carolyn Parkway Suite 100 Irving, TX 75039 McAfee and Taft PC Two Leadership Square 8th Floor South 211 North Robinson Avenue Oklahoma City, OK 73102 McMaster Carr Supply Company 600 North County Line Road Elmhurst, IL 60126 Metal Sales Manufacturing Corp 7510 Ball Road Fort Smith, AR 72908 Metal Warehouse Inc 23994 West US Highway 82 Sherman, TX 75092 Metals USA 2800 North 43rd Street East Muskogee, OK 74403 MI Motion 1605 Alton Road Birmingham, AL 35210 Midco Companies 9101 John Carpenter Freeway Dallas, TX 75247 Morrison Supply Company 1710 Texoma Road Sherman, TX 75090 - 2605 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 13 of 26
NAPA Auto Parts Triple B Automotive Inc 1425 West Main Street Durant, OK 74701 National Building Supplies LLC 303 North Stadium Blvd Suite 200 Columbia, MO 65203 Nitel LLC 350 North Orleans Street Suite 1300N Chicago, IL 60654 Offen Petroleum LLC 5100 East 78th Avenue Commerce City, CO 80022 Oklahoma Employment Security Commission Bankruptcy Documents and Filings Legal Division PO Box 53039 Oklahoma City, OK 73152 - 3039 Oklahoma Tax Commission Oklahoma City, OK 73194 Oklahoma Tax Commission Office of the General Counsel PO Box 269056 Oklahoma City, OK 73126 - 9056 Olenox Corp 1207 Building C N FM 3083 Road E Conroe, TX 77304 Olenox Industries Inc fka Safe & Green Holdings Corp 1207 Building C N FM 3083 Road E Conroe, TX 77304 Paramax Inc PO Box 2671 Sherman, TX 75091 Peak Modular Management LLC 209 East Main Street Waxahachie, TX 75165 Perfect A Line Inc 27841 Outer Road Concordia, MO 64020 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 14 of 26
PFS Corp dba PFS Teco 1507 Matt Pass Cottage Grove, WI 53527 Platinum Mfg Clint Dobson Enterprise LLC PO Box 1826 Durant, OK 74702 R and G Supply 2406 West Euless Blvd Euless, TX 76040 Reliance Fasteners 115 East Gandy Denison, TX 75021 Reynolds Ridings Vogt and McCart PLLC 101 Park Avenue Suite 1010 Oklahoma City, OK 73102 Robinett Swartz and Duren 401 South Boston Avenue Suite 1600 Tulsa, OK 74103 RPW Modular Roofing Solutions 3 - 495 McGeachie Drive Milton, ONTARIO L9T3L5 Runkle Consulting Inc PO Box 702 Grayson, GA 30017 Service Partners 841 North Great Southwest Parkway Arlington, TX 76011 SG Environmental Solutions Corp Shaw Industries Inc 616 East Walnut Avenue Dalton, GA 30721 Sherwin Williams Company 2102 West Main Street Durant, OK 74701 - 4918 Simple Fiber Communications LLC 2701 Brown Trail Suite 308 Bedford, TX 76021 Simply Safe Drug Testing 398 North 49th Avenue Durant, OK 74701 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 15 of 26
Simpson Strong Tie Company Inc 5956 West Las Positas Blvd Pleasanton, CA 94588 SL Law Group PA fka Hood and Stacy PA PO Box 271 Bentonville, AR 72712 SMA Development Group LLC 213 Foxley Court Nolensville, TN 37135 Specialized Transportation Ent Inc 8417 Bavarie Road Victoria, MN 55386 Spencer Fane LLP 100 South Fifth Street Suite 2500 Minneapolis, MN 55402 Spencer Fane LLP Suite 600 9400 North Broadway Extension Oklahoma City, OK 73114 Steger Lumber Co 10 West Main Street Durant, OK 74701 Sunbelt Material Handling Rowan Cornil Inc 1617 Terre Colony CT Dallas, TX 75212 T H Rogers Lumber Company PO Box 216 Durant, OK 74701 Tell Manufacturing A Division of Spectrum Brands Inc 3001 Deming Way Middleton, WI 53562 TexomaCare 5012 South US Highway 75 Suite 300 Denison, TX 75020 The Durant Industrial Authority 300 West Evergreen Street Durant, OK 74701 The Sign Depot LLC 44 West Evergreen Street Durant, OK 74701 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 16 of 26
Three Squared Inc 2541 Trumbull Street Detroit, MI 48216 TIMSCO International LP 1951 University Business Drive Suite 121 McKinney, TX 75071 TOPCO Cabinets and Countertops 3301 North MacArthur Blvd Oklahoma City, OK 73122 Transhield Inc 2932 Throne Drive Elkhart, IN 46514 UFP Construction 54 Lee Roy Jordan Hillsboro, TX 76645 UFP Distribution 2701 Ada Drive Elkhart, IN 46514 ULine Inc PO Box 88741 Chicago, IL 60680 - 1741 United Healthcare PO Box 94017 Palatine, IL 60094 - 4017 United Rentals (North America) Inc PO Box 840514 Dallas, TX 75284 - 0514 Universal Background Service PO Box 743134 Los Angeles, CA 90074 - 3134 Velocity IT LLC 6125 Luther Lane Suite 234 Dallas, TX 75225 Warrior Industrial 2140 Redbud Blvd Suite H McKinney, TX 75069 Weldco Mfg North LLC Attn Jacob Pearson 319 Crawford Denison, TX 75020 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 17 of 26
Wesco Distribution Inc 4030 Express Street Arlington, TX 76001 Whitten Burrage 512 North Broadway Ave Suite 300 Oklahoma City, OK 73102 Wholesale Equipment 1119 South 9th Durant, OK 74701 Wichita Metal Products Inc 1020 Vermont Wichita Falls, TX 76308 Wick Phillips Gould and Martin LLP 3131 McKinney Avenue Suite 100 Dallas, TX 75204 William C Jennings Management 701 South Taylor LB 120 Amarillo, TX 79101 Zoro PO Box 5233 Janesville, WI 53547 - 5233 Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 18 of 26
United States Bankruptcy Court Eastern District of Oklahoma In re SG Echo, LLC Case No. Debtor(s) Chapter 11 CORPORATE OWNERSHIP STATEMENT (RULE 7007.1) Pursuant to Federal Rule of Bankruptcy Procedure 7007.1 and to enable the Judges to evaluate possible disqualification or recusal, the undersigned counsel for SG Echo, LLC in the above captioned action, certifies that the following is a (are) corporation(s), other than the debtor or a governmental unit, that directly or indirectly own(s) 10% or more of any class of the corporation's(s') equity interests, or states that there are no entities to report under FRBP 7007.1: Olenox Industries Inc fka Safe & Green Holdings Corp 1207 Building C N FM 3083 Road E Conroe, TX 77304 None [ Check if applicable ] April 28, 2026 /s/ Jason A. Sansone Date Jason A. Sansone Signature of Attorney or Litigant Counsel for SG Echo, LLC Phillips Murrah P.C. 424 NW 10th Street, Suite 300 Oklahoma City, OK 73103 405.235.4100 Fax:405.235.4133 [email protected] Case 26 - 80385 Doc 1 Filed 04/28/26 Entered 04/28/26 13:39:38 Desc Main Document Page 19 of 26
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Exhibit 99.1
Olenox Industries Announces Strategic Reorganization of Subsidiary SG Echo LLC to Strengthen Long-Term Growth
CONROE, Texas, May 4, 2026 (GLOBE NEWSWIRE) — Olenox Industries Inc. (NASDAQ: OLOX) (“Olenox” or the “Company”), a vertically integrated energy company focused on oil and gas, energy services, and energy technologies, today announced that its wholly owned subsidiary, SG Echo LLC (“SG Echo”), has initiated a voluntary Chapter 11 reorganization proceeding in the United States Bankruptcy Court for the Eastern District of Oklahoma.
The filing applies solely to SG Echo and does not involve Olenox Industries Inc. or any of its other subsidiaries or affiliates, all of which continue normal operations without interruption.
SG Echo is pursuing this court-supervised process as part of a proactive strategy to strengthen its financial foundation, streamline operations, and position the business for sustainable long-term growth. The Company expects SG Echo to continue operating in the ordinary course throughout the reorganization process.
“Over the past several months, we have taken meaningful steps to enhance SG Echo’s operational efficiency, including the successful relocation of its manufacturing facility to Conroe, Texas,” said Mike McLaren, Chief Executive Officer and Chairman of the Board. “This reorganization represents a constructive path forward, enabling SG Echo to significantly reduce its liabilities—by an estimated $2 million—and emerge as a stronger, more resilient business with improved cash flow generation.”
Chief Financial Officer Patricia Kaelin added, “This process provides SG Echo with the flexibility and tools needed to address legacy obligations while accelerating its transformation into a leaner, more efficient operation. We view this as an important milestone in unlocking long-term value for our shareholders.
The financial restructuring will be implemented through a plan of reorganization, subject to court approval, and is designed to support SG Echo’s continued operations while enhancing its competitive positioning.
Olenox remains focused on delivering high-quality products and services across its core markets, including modular infrastructure, oil and gas, energy services, and energy technologies.
About Olenox Industries Inc.
Olenox Industries Inc. (NASDAQ: OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.
Forward-Looking Statements
This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” “poised” “restructuring,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity, and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, SG Echo’s ability to successfully reorganize through the bankruptcy process, the Company’s ability to raise capital to fund continuing operations; competition from other providers and products; the Company’s ability to develop and commercialize products and services; changes in government regulation; the Company’s ability to complete capital raising transactions; the Company’s operations and results of operations and other factors relating to our industry. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance, or achievements. The Company assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Investors: [email protected]
Source: Olenox Industries Inc.