OLENOX INDUSTRIES INC. (OLOX): debt financing — Safe & Green raises $1M via convertible debenture and enters up to $10M equity purchase agreement

OLENOX INDUSTRIES INC.

Closed private placement: $1.1M principal 8% convertible debenture sold at $1M (10% OID) plus warrant to purchase 500k shares at $2.25.
Conversion price $1.50 per share, subject to anti-dilution with $0.40 floor; maturity 12 months; company can redeem at 110%.
Entered Equity Purchase Agreement with Peak One for up to $10M in common stock purchases at 97% of market price; 75k commitment shares issued.
Issued 50k commitment shares to Peak One's general partner; paid $15k non-accountable fee and $70k placement fee to Maxim Group.
Registration rights to file within 60 days; overall Exchange Cap of 2,760,675 shares (19.99% of outstanding) absent shareholder approval.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OLENOX INDUSTRIES INC. incurred convertible notes of $1,100,000.00 with Peak One Opportunity Fund, L.P. at 8% per annum maturing twelve months from its date of issuance.

Instrument: convertible notes
Principal: $1,100,000.00
Counterparty: Peak One Opportunity Fund, L.P.
Rate: 8% per annum
Maturity: twelve months from its date of issuance
Event: incurrence

Exact text from the filing

On February 7, 2023, Safe & Green Holdings Corp. (the "Company") closed a private placement offering (the “Offering”) of One Million One Hundred Thousand Dollars ($1,100,000.00) in principal amount of the Company’s 8% convertible debenture (the “Debenture”) and a warrant (the “Warrant”) to purchase up to Five Hundred Thousand (500,000) shares of the Company’s common stock, to Peak One Opportunity Fund, L.P. (“Peak One”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLENOX INDUSTRIES INC. entered into Securities Purchase Agreement with Peak One Opportunity Fund, L.P. valued at $1,000,000 (effective 2023-02-07).

Action: entry
Agreement: equity purchase
Counterparty: Peak One Opportunity Fund, L.P.
Value: $1,000,000
Effective: 2023-02-07

Exact text from the filing

Pursuant to a Securities Purchase Agreement, dated February 7, 2023 (the “Purchase Agreement”), the Debenture was sold to Peak One for a purchase price of $1,000,000, representing an original issue discount of ten percent (10%).

View on SEC.gov

103 debt financings filed in the last 30 days. Browse all debt financings →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-009019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.