{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-089582","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2023-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.926323+00:00","generated_at":"2026-06-07T22:03:17.734751+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Safe & Green subsidiary sells $511K future receivables for $360K cash advance","bullets":["SG Building Blocks sold $511,200 of future receivables to Cedar Advance for $360,000 purchase price, net $342,200 after fees.","Weekly ACH debits of $20,300 will be taken from SG Building Blocks' account until the full amount is paid.","Obligations guaranteed by subsidiary SG Echo, LLC; default can trigger immediate full balance due.","Fees include $18,000 underwriting, $50 wire fee, and $195 UCC filing fee, deducted from purchase price."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-089582","json":"https://secwatch.observer/filing/0001213900-23-089582.json","markdown":"https://secwatch.observer/filing/0001213900-23-089582.md","text":"https://secwatch.observer/filing/0001213900-23-089582.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023089582/0001213900-23-089582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023089582/ea188920-8k_safeandgreen.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:03:17.734751+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":"ccf2d26cd93c5910052c341de787f9e02d83728d","claim":"OLENOX INDUSTRIES INC. incurred debt of $511,200 of its future receivables for a purchase price of $360,000 with Cedar Advance LLC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023089582/0001213900-23-089582-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$511,200 of its future receivables for a purchase price of $360,000"},{"label":"Counterparty","value":"Cedar Advance LLC"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6daefce2a4e6493bf449065f4a7230f17dc1f608","claim":"OLENOX INDUSTRIES INC. entered into Cash Advance Agreement with Cedar Advance LLC valued at $511,200 (effective 2023-11-20).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390023089582/0001213900-23-089582-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Cedar Advance LLC"},{"label":"Value","value":"$511,200"},{"label":"Effective","value":"2023-11-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}