{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-065759","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2023-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.913686+00:00","generated_at":"2026-06-11T13:47:21.183077+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Safe & Green Holdings cancels $4M subsidiary note, receives $908k note, issues shares","bullets":["Cancelled $4,000,000 promissory note from subsidiary SGDevCo; remaining balance forgiven effective July 1, 2023.","Received $908,322.95 non-interest bearing demand promissory note from SGDevCo for advances to parent.","Pro forma balance sheet includes issuance of 9,999,000 common shares to SGDevCo and RSU stock compensation.","Net effect: reduction in due-to-affiliate liability and increase in stockholders' equity by $4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-065759","json":"https://secwatch.observer/filing/0001213900-23-065759.json","markdown":"https://secwatch.observer/filing/0001213900-23-065759.md","text":"https://secwatch.observer/filing/0001213900-23-065759.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023065759/0001213900-23-065759-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023065759/ea183318-8k_safeandgreen.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T13:47:21.183077+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":"02e3ee6136dd6126704fbc82771aed69fb6a2ccf","claim":"OLENOX INDUSTRIES INC. terminated Note Cancellation Agreement with Safe and Green Development Corporation valued at $4,000,000 (effective 2023-07-01).","evidence_excerpt":"entered into a Note Cancellation Agreement, effective as of July 1, 2023 (the “Note Cancellation Agreement”), pursuant to which the Company cancelled and forgave the remaining $4,000,000 balance then due on that certain promissory note","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023065759/0001213900-23-065759-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Safe and Green Development Corporation"},{"label":"Value","value":"$4,000,000"},{"label":"Effective","value":"2023-07-01"}],"fact_type":"material_agreement"},{"claim_id":"761e0a11b08a1c41980263100deafcb22773bea1","claim":"OLENOX INDUSTRIES INC. entered into Note with Safe and Green Development Corporation valued at $908,322.95 (effective 2023-08-09).","evidence_excerpt":"the Company issued to SGDevCo a non-interest bearing promissory note, in the principal amount of $908,322.95 (the “Note”), payable on demand","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023065759/0001213900-23-065759-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Safe and Green Development Corporation"},{"label":"Value","value":"$908,322.95"},{"label":"Effective","value":"2023-08-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}