secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001213900-23-027556
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe & Green Holdings refinances Lago Vista site with $5M note, net proceeds ~$1.34M
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- LV Peninsula issued $5M promissory note secured by Lake Travis and McLean sites, due April 1, 2024, interest at prime+5.5% (floor 13.5%).
- Net proceeds of ~$1.337M after $250K commission, $125K broker fees, $675K interest reserve, and repayment of $2M and $0.5M existing notes.
- Press release states net proceeds of $2.0M, but 8-K details show $1.337M after deductions.
- Loan guaranteed by SG DevCorp; prepayable without penalty.
- Company says refinancing strengthens cash position and demonstrates asset value, non-dilutive financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/0001213900-23-027556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023027556/ea176535-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-027556

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