secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001213900-23-092717
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023092717/0001213900-23-092717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023092717/ea189485-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-092717

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