{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-080466","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2023-09-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.916662+00:00","generated_at":"2026-06-10T07:21:36.581837+00:00","sec_items":["1.01","2.01","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Safe & Green Holdings completes spin-off of SG DevCo; SGD begins trading on Nasdaq","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-080466","json":"https://secwatch.observer/filing/0001213900-23-080466.json","markdown":"https://secwatch.observer/filing/0001213900-23-080466.md","text":"https://secwatch.observer/filing/0001213900-23-080466.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023080466/0001213900-23-080466-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023080466/ea185853-8k_safeandgreen.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T07:21:36.581837+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":"90fce0abfcdc69df01b5e73682f26078f1b9b529","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023080466/0001213900-23-080466-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Safe and Green Development Corporation"},{"label":"Consideration","value":"pro-rata distribution of approximately 30% of the outstanding shares of SG DevCo common stock"},{"label":"Closing","value":"2023-09-27"}],"fact_type":"ma_transaction"},{"claim_id":"837cd69fae78a9b868bd8c34e814ffd0fc43366c","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023080466/0001213900-23-080466-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"SG DevCo"},{"label":"Value","value":"entered into a separation and distribution agreement"},{"label":"Effective","value":"2023-09-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}