{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-048974","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2023-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.643893+00:00","generated_at":"2026-06-14T00:50:09.030362+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"SG Echo secures $1.75M note and $1.5M factoring facility to fund Durant, OK facility purchase","bullets":["SG Echo issued a secured promissory note for $1,750,000 at 23% interest, maturing June 1, 2025, secured by mortgage on 101 Waldron Rd., Durant, OK.","Factoring agreement allows up to $1,500,000 of accounts receivable purchase; 80% advance rate plus 1.95% per 25 days and additional fees.","Proceeds from note and factoring will pay the $1,000,000 purchase price of the 56,775 sq ft facility; funding not yet received as of filing date.","Parent Safe & Green Holdings (SGBX) provides a corporate guaranty; note and factoring are cross-defaulted and cross-collateralized."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-048974","json":"https://secwatch.observer/filing/0001213900-23-048974.json","markdown":"https://secwatch.observer/filing/0001213900-23-048974.md","text":"https://secwatch.observer/filing/0001213900-23-048974.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023048974/0001213900-23-048974-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023048974/ea179893-8k_safeandgreen.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T00:50:09.030362+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":"57886101e67982149a0d2f960ab25ce4e13e2a51","claim":"OLENOX INDUSTRIES INC. incurred loan of $1,750,000 with SouthStar Financial, LLC at 23% per annum maturing June 1, 2025.","evidence_excerpt":"issued a secured commercial promissory note, dated June 1, 2023 (the “Secured Note”) in the principal amount of $1,750,000 with SouthStar Financial, LLC","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023048974/0001213900-23-048974-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,750,000"},{"label":"Counterparty","value":"SouthStar Financial, LLC"},{"label":"Rate","value":"23% per annum"},{"label":"Maturity","value":"June 1, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f1de6fb3fda5eb5bbd261153fc03fcf758e260fc","claim":"OLENOX INDUSTRIES INC. incurred debt of up to $1,500,000 with SouthStar Financial, LLC at 1.95% of the face amount of the accounts receivable for the first twenty-five (2 maturing initial term of thirty-six (36) months.","evidence_excerpt":"ith SouthStar Financial, LLC, a South Carolina limited liability company (“SouthStar”), and entered into a Non-Recourse","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023048974/0001213900-23-048974-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"up to $1,500,000"},{"label":"Counterparty","value":"SouthStar Financial, LLC"},{"label":"Rate","value":"1.95% of the face amount of the accounts receivable for the first twenty-five (2"},{"label":"Maturity","value":"initial term of thirty-six (36) months"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"995331a9471cd219ba28cea6360fa013a16c1809","claim":"OLENOX INDUSTRIES INC. entered into Factoring Agreement with SouthStar Financial, LLC valued at up to $1,500,000 (effective 2023-06-01).","evidence_excerpt":"entered into a Non-Recourse Factoring and Security Agreement, dated June 1, 2023 (the “Factoring Agreement”), with SouthStar providing for its purchase from SG Echo of up to $1,500,000 of accounts receivable","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023048974/0001213900-23-048974-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"SouthStar Financial, LLC"},{"label":"Value","value":"up to $1,500,000"},{"label":"Effective","value":"2023-06-01"}],"fact_type":"material_agreement"},{"claim_id":"fa3aae3c1d615c897499001951ae601c633083ab","claim":"OLENOX INDUSTRIES INC. entered into Secured Note with SouthStar Financial, LLC valued at $1,750,000 (effective 2023-06-01).","evidence_excerpt":"issued a secured commercial promissory note, dated June 1, 2023 (the “Secured Note”) in the principal amount of $1,750,000 with SouthStar Financial, LLC","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023048974/0001213900-23-048974-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"SouthStar Financial, LLC"},{"label":"Value","value":"$1,750,000"},{"label":"Effective","value":"2023-06-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}