secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001213900-23-065759
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe & Green Holdings cancels $4M subsidiary note, receives $908k note, issues shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023065759/0001213900-23-065759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023065759/ea183318-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-065759

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