Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
OLENOX INDUSTRIES INC. incurred debt of $511,200 of its future receivables for a purchase price of $360,000 with Cedar Advance LLC.
- Principal
- $511,200 of its future receivables for a purchase price of $360,000
- Counterparty
- Cedar Advance LLC
- Event
- incurrence
Exact text from the filing
On November 20, 2023, SG Building Blocks, Inc. (“SG Building Blocks”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Cedar Advance LLC (“Cedar”) pursuant to which SG Building Blocks sold to Cedar $511,200 of its future receivables for a purchase price of $360,000, less underwriting fees and expenses paid, for net funds provided of $342,200.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
OLENOX INDUSTRIES INC. entered into Cash Advance Agreement with Cedar Advance LLC valued at $511,200 (effective 2023-11-20).
- Action
- entry
- Counterparty
- Cedar Advance LLC
- Value
- $511,200
- Effective
- 2023-11-20
Exact text from the filing
On November 20, 2023, SG Building Blocks, Inc. (“SG Building Blocks”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Cedar Advance LLC (“Cedar”) pursuant to which SG Building Blocks sold to Cedar $511,200 of its future receivables for a purchase price of $360,000, less underwriting fees and expenses paid, for net funds provided of $342,200.
View on SEC.gov