{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-041743","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2023-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.643478+00:00","generated_at":"2026-06-14T17:51:33.336220+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Safe & Green subsidiary sells $710.5K future receivables for $475K net cash advance","bullets":["SG Building Blocks sold $710,500 of future receivables for $500,000 purchase price, netting $475,000 after fees.","Cedar Advance will collect $25,375 weekly via ACH debit until the full $710,500 is remitted.","The obligations under the agreement are guaranteed by another subsidiary, SG Echo, LLC.","Upon default, Cedar may demand immediate payment of all remaining amounts due."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-041743","json":"https://secwatch.observer/filing/0001213900-23-041743.json","markdown":"https://secwatch.observer/filing/0001213900-23-041743.md","text":"https://secwatch.observer/filing/0001213900-23-041743.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023041743/0001213900-23-041743-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023041743/ea178885-8k_safeandgreen.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T17:51:33.336220+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f70fe1ac414ba6d0873052e6785ef85edbbb141b","claim":"OLENOX INDUSTRIES INC. incurred debt of $710,500 with Cedar Advance LLC.","evidence_excerpt":"On May 16, 2023, SG Building Blocks, Inc. (“SG Building Blocks”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Cedar Advance LLC (“Cedar”) pursuant to which SG Building Blocks sold to Cedar $710,500 of its future receivables for a purchase price of $500,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023041743/0001213900-23-041743-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$710,500"},{"label":"Counterparty","value":"Cedar Advance LLC"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9dc79bbf3e987dcc04abd3464b7e35b43b8b7c41","claim":"OLENOX INDUSTRIES INC. entered into Cash Advance Agreement with Cedar Advance LLC valued at $710,500 (effective 2023-05-16).","evidence_excerpt":"On May 16, 2023, SG Building Blocks, Inc. (“SG Building Blocks”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Cedar Advance LLC (“Cedar”) pursuant to which SG Building Blocks sold to Cedar $710,500 of its future receivables for a purchase price of $500,000, less underwriting fees and expenses paid, for net funds provided of $475,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023041743/0001213900-23-041743-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Cedar Advance LLC"},{"label":"Value","value":"$710,500"},{"label":"Effective","value":"2023-05-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}