Top gappers on : RBNE, OLOX and AMOD
Market Analysis
OLOX: A $22 Million Acquisition Paid in Preferred Stock That Converts Into 21 Million Shares
OLOX gapped on an acquisition paid mostly in Series F preferred. At the $1.00 conversion price that is 21 million shares, against 1.66 million outstanding.
Rank 2OLOXOLENOX INDUSTRIES INC.
- Opening gap
- +67.57%
- Day
- +37.04%
- HOD (ET)
- 1.2809:30 ET
- Est. turnover
- $136.4M
- Gap-ups (≥1M shares)
- 1,138
Data to the close of October 21, 2026 (ET). Sources checked October 21, 2026, 20:17 ET.
OLOX stock opened 67.6% higher on October 21 after Olenox Industries said it had bought two energy companies for $22.0 million. Olenox had 1,659,347 common shares outstanding in August. At the prior close that was a market value of about $1.2 million. Almost all of the price was paid in a new Series F preferred that converts at $1.00 a share, which works out to about 21 million common shares. The filing that moved the stock is mostly about share counts, not gas fields.
The filing. Olenox's Form 8-K was accepted at 21:08:07 ET on October 20, after the close. It reports an equity purchase agreement signed and closed on October 19. Olenox bought IPD Industries, a Texas company with a 100 MW self-generator registration near Pecos, and Wildboy Holdings, which holds a gas processing plant and about 184,785 acres in northeastern British Columbia. The press release cites about 56.8 billion cubic feet of proved developed gas from a September 30 reserve report, a company figure.
