OLENOX INDUSTRIES INC. (OLOX): M&A transaction — Safe & Green Holdings completes spin-off of SG DevCo; SGD begins trading on Nasdaq

OLENOX INDUSTRIES INC.

Distribution of 0.930886 SGD shares for every 5 SGBX shares held on Sept 8 record date; fractional shares paid in cash.
SG DevCo begins trading on Nasdaq under ticker SGD; David Villarreal CEO, Nicolai Brune CFO.
SG DevCo pipeline exceeds $800M with plans for over 4,000 units; Paul Galvin to chair board.
CEO Paul Galvin receives $35,100 cash bonus approved by compensation committee for separation services.

item 1.01 item 2.01 item 5.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

OLENOX INDUSTRIES INC. completed a disposition involving Safe and Green Development Corporation for pro-rata distribution of approximately 30% of the outstanding shares of SG DevCo common stock (closed 2023-09-27).

Action: disposition
Counterparty: Safe and Green Development Corporation
Consideration: pro-rata distribution of approximately 30% of the outstanding shares of SG DevCo common stock
Closing: 2023-09-27

Exact text from the filing

he previously announced separation (the “Separation”) of Safe and Green Development Corporation (“SG DevCo”) from the Company. The Separation of SG DevCo from SG Holdings was achieved through SG Holdings’ pro-rata distribution

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLENOX INDUSTRIES INC. entered into separation and distribution agreement with SG DevCo valued at entered into a separation and distribution agreement (effective 2023-09-26).

Action: entry
Agreement: supply
Counterparty: SG DevCo
Value: entered into a separation and distribution agreement
Effective: 2023-09-26

Exact text from the filing

On September 26, 2023, SG Holdings entered into a separation and distribution agreement and several other agreements with SG DevCo to effect the Separation and provide a framework for our relationship with SG DevCo after the Separation.

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-080466

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.