secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001213900-23-009019
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023009019/0001213900-23-009019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023009019/ea172900-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-009019

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