secwatch / observer
8-K filed December 4, 2023, 6:59 PM ET ticker OLOX CIK 0001023994
debt confidence high sentiment neutral materiality 0.65

OLENOX INDUSTRIES INC. (OLOX): debt financing — Safe & Green subsidiary JVs Texas land and raises $1.2M convertible debt

OLENOX INDUSTRIES INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

OLENOX INDUSTRIES INC. incurred convertible notes of $1,200,000 with Peak One Opportunity Fund, L.P. at 8%.

Instrument
convertible notes
Principal
$1,200,000
Counterparty
Peak One Opportunity Fund, L.P.
Rate
8%
Event
incurrence
Exact text from the filing
On November 30, 2023, SG DevCo entered into a Securities Purchase Agreement, dated November 30, 2023 (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which SG DevCo agreed to issue, in a private placement offering (the “Offering”) upon the satisfaction of certain conditions specified in the Purchase Agreement, two Debentures to Peak One in the aggregate principal amount of $1,200,000.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLENOX INDUSTRIES INC. entered into Contribution Agreement with Preserve Acquisitions, LLC valued at valued at $11.5 million (effective 2023-11-28).

Action
entry
Counterparty
Preserve Acquisitions, LLC
Value
valued at $11.5 million
Effective
2023-11-28
Exact text from the filing
Contribution Agreement – Lago Vista On November 28, 2023, LV Peninsula Holding LLC (“LV Holding”), a Delaware limited liability company and wholly owned subsidiary of Safe and Green Development
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLENOX INDUSTRIES INC. entered into Purchase Agreement with Peak One Opportunity Fund, L.P. valued at aggregate principal amount of $1,200,000 (effective 2023-11-30).

Action
entry
Agreement
equity purchase
Counterparty
Peak One Opportunity Fund, L.P.
Value
aggregate principal amount of $1,200,000
Effective
2023-11-30
Exact text from the filing
SG DevCo entered into a Securities Purchase Agreement, dated November 30, 2023 (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which SG DevCo agreed to issue, in a private placement offering (the “Offering”) upon the satisfaction of certain conditions specified in the Purchase Agreement, two Debentures to Peak One in the aggregate principal amount of $1,200,000.
View on SEC.gov

103 debt financings filed in the last 30 days. Browse all debt financings →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR
accession 0001213900-23-092717
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