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TickerOIO
SectorEnvironmental Services
Mkt cap$26M
EV / EBITDA13.9×
PostureUnder Pressure
Composite53/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1957538

OIO Group

OIOUNDER PRESSUREQUIET

OIO Group reads as Under Pressure (composite 53/100); pressure / disclosure signals dominate the posture this cycle · primary market Waste.

Lens

Disclosed M&A capital (2023–2025)

$1B

new

vs N/A in 2020–2022

Disclosed transactions

1

new

1/3 active fiscal years in window

Buyer archetype

Transformational Buyer

Episodic but very large disclosed transactions drive the profile.

Composite score

53

/100

Under Pressure dominates · Quiet

Financial snapshot
RevenueN/A
EBITDAN/A
Enterprise value$32M
EV / Revenue5.3×
EV / EBITDA13.9×
P/EN/A
Cash$635K
Total debt$4M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

39/100

Companies actively deploying disclosed capital into M&A

  • $1B disclosed buyer spend
  • Filed within 26d

Buyer Cadence

7/100

Buyer-side companies with recent filing activity

  • Filed within 26d

Target Probability

24/100

Issuers showing target-side patterns from filings

  • 10 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 10 activism filings

Pressure Watch

Dominant
53/100

Issuers facing activism, governance, or control pressure

  • 10 activism filings
  • Latest activism 1.6y ago
  • Shareholder pressure language

Distress Watch

30/100

Issuers showing financial-distress filing patterns

  • Missing recent 10-Q
  • 10 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

37/100

Issuers with the highest filing-activity intensity

  • Filed within 26d

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $32M
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $1,030M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251$1B$1BN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Platform
    50%
  • Geographic Expansion
    50%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • platform
  • geographic_expansion
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

In line with our strategic vision to build a diversified and future-ready business, we are actively pursuing opportunities beyond traditional environmental services.

10-KFY2025

In February 2025, we signed a definitive agreement to acquire De Tomaso Automobili Holdings S.A., an iconic high-performance automotive brand.

10-KFY2025

Subsequently, the Company commenced trading on the Nasdaq Capital Market under the ticker symbol “OIO.”

10-KFY2026

The RSS was effected on April 24, 2026 concurrently with the completion of the Acquisition.

10-KFY2026
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Waste

Market spend (2023–2025)
$24.4B
Market spend (2020–2022)
$21.3B
Recent vs prior
+15%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

13.9×EV / EBITDA

OIO trades at a -0.8-turn discount to the Waste peer median of 14.7×.

EV / Revenue
5.3×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
14.7×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
17.3×5.0×3.3×$9.6B$3.6B
15.7×3.4×2.5×$1.9B$1.5B
14.7×4.3×3.1×$25.4B$8.1B
OIO GroupOIO
13.9×5.3×N/AN/A$1B
13.2×2.5×1.9×$6.1B$598M
12.7×3.7×2.8×$16.7B$3.1B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Waste. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)32026-04-30
  • 10-Q (quarterly)0N/A
  • 8-K (event)0N/A
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)102024-10-18

Signals on file

  • elevated

    Activism on file

    2024-10-18

    10 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Shareholder pressure

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

OIO Group: Issuer Brief | SE-Cluster