---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-009019"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:22:37.609329+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safe & Green raises $1M via convertible debenture and enters up to $10M equity purchase agreement

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-009019
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023009019/0001213900-23-009019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023009019/ea172900-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-009019
- JSON: https://secwatch.observer/filing/0001213900-23-009019.json
- Plain text: https://secwatch.observer/filing/0001213900-23-009019.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023009019/0001213900-23-009019-index.htm
- Material Agreements
  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
  source text: 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%).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023009019/0001213900-23-009019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.