{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-002461","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2024-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.139968+00:00","generated_at":"2026-06-07T00:48:07.452105+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Safe & Green subsidiary sells $300k future receivables for $200k, net $190k","bullets":["SG Building Blocks and SG Echo sold $300k of future receivables to Maison Capital for $200k purchase price.","Net funds provided after underwriting fees and expenses were $190,000.","Weekly payments of $12,500 will be debited from the merchants' bank account until $300k is paid.","Obligations secured by a security interest in all accounts, receivables, and other assets.","Cash advance carries $110k total cost, representing a 57.9% effective cost over the advance."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-002461","json":"https://secwatch.observer/filing/0001213900-24-002461.json","markdown":"https://secwatch.observer/filing/0001213900-24-002461.md","text":"https://secwatch.observer/filing/0001213900-24-002461.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024002461/0001213900-24-002461-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024002461/ea191424-8k_safeandgreen.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T00:48:07.452105+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c9c9947dccd4c64a11b6a68d1f291b9163b2b6bc","claim":"OLENOX INDUSTRIES INC. incurred loan of purchase price of $200,000 with Maison Capital Group.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024002461/0001213900-24-002461-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"purchase price of $200,000"},{"label":"Counterparty","value":"Maison Capital Group"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f658cbfe7956d3d6b0698ebd0c37962b6f62e4dc","claim":"OLENOX INDUSTRIES INC. entered into Cash Advance Agreement with Maison Capital Group valued at $300,000 (effective 2024-01-05).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024002461/0001213900-24-002461-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Maison Capital Group"},{"label":"Value","value":"$300,000"},{"label":"Effective","value":"2024-01-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}