---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-092717"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:31:31.301922+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safe & Green subsidiary JVs Texas land and raises $1.2M convertible debt

## Summary
- LV Peninsula contributed 59.37-acre Lago Vista, TX property valued at $11.5M to JV with Preserve Acquisitions for residential development.
- Preserve paid $94k earnest money; $36k additional due within 90 days; JV agreement negotiation deadline is 5 months.
- SG DevCo closed $700k first-tranche 8% convertible debenture (10% OID) with Peak One, plus warrants for 350k shares.
- Second tranche $500k debenture may close after Jan 29, 2024 per mutual agreement.
- SG DevCo granted Peak One $10M equity purchase facility with $750k per-tranche cap.

## SEC filing metadata
- accession: 0001213900-23-092717
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023092717/0001213900-23-092717-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023092717/ea189485-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-092717
- JSON: https://secwatch.observer/filing/0001213900-23-092717.json
- Plain text: https://secwatch.observer/filing/0001213900-23-092717.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023092717/0001213900-23-092717-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023092717/0001213900-23-092717-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023092717/0001213900-23-092717-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.