Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
OLENOX INDUSTRIES INC. incurred loan of purchase price of $200,000 with Maison Capital Group.
- Instrument
- loan
- Principal
- purchase price of $200,000
- Counterparty
- Maison Capital Group
- Event
- incurrence
Exact text from the filing
On January 5, 2024, SG Building Blocks, Inc. (“SG Building Blocks”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), and the Company’s wholly owned subsidiary, SG Echo, LLC (“SG Echo”, and together with SG Building Blocks, the “Merchants”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Maison Capital Group (“Maison”) pursuant to which the Merchants sold to Maison $300,000 of their future receivables for a purchase price of $200,000, less underwriting fees and expenses paid, for net funds provided of $190,000.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
OLENOX INDUSTRIES INC. entered into Cash Advance Agreement with Maison Capital Group valued at $300,000 (effective 2024-01-05).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Maison Capital Group
- Value
- $300,000
- Effective
- 2024-01-05
Exact text from the filing
On January 5, 2024, SG Building Blocks, Inc. (“SG Building Blocks”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), and the Company’s wholly owned subsidiary, SG Echo, LLC (“SG Echo”, and together with SG Building Blocks, the “Merchants”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Maison Capital Group (“Maison”) pursuant to which the Merchants sold to Maison $300,000 of their future receivables for a purchase price of $200,000, less underwriting fees and expenses paid, for net funds provided of $190,000.
View on SEC.gov