Olenox Industries (NASDAQ: OLOX) announced today the completion of its acquisition of PsyLinks Neurotech Corp., which will now operate as a wholly owned subsidiary. The transaction, executed through a share exchange agreement, saw Olenox acquire all outstanding shares of PsyLinks in exchange for approximately $500,000 in restricted common stock. PsyLinks founders Dr. Michael McLaren-Gradinaru and Dr. Ford Burles have joined Olenox as vice president of technology and vice president of product development, respectively.
The acquisition underscores Olenox's strategy to integrate energy production, industrial infrastructure, and digital technologies. By incorporating PsyLinks' neurotechnology and applied intelligence capabilities, Olenox aims to improve operational visibility, decision-making, and future technology initiatives. The company emphasized that the acquisition was reviewed and approved by the independent members of its board due to its potential classification as a related-party transaction under SEC rules.
Olenox Industries is a vertically integrated energy company operating across oil and gas, energy services, and energy technologies. The company focuses on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets. For more information, visit the company's newsroom at https://ibn.fm/OLOX.
