secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001213900-23-097702
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe & Green Holdings signs modular construction deal with unit; appoints new auditor
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- SG Echo LLC (wholly owned sub) entered Master Purchase Agreement with Safe & Green Development Corp (majority-owned) for modular construction services on a project basis.
- Initial project: Magnolia Gardens in Durant, OK – 800 residential units with $140M projected total cost; SG Echo receives 12% fee.
- Payment terms: 40% deposit, monthly progress payments (up to 35%), delivery payment (15%), final 10% at substantial completion; prior Fabrication Agreement terminated.
- Dismissed Whitley Penn as auditor; engaged M&K CPAS for FY ending Dec 31, 2023. No prior disagreements; Whitley Penn's 2022 report included a going concern paragraph.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023097702/0001213900-23-097702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023097702/ea190441-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-097702

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer