---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-003530"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T22:55:56.666844+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SGBX issues $650K convertible debenture at 8% to Peak One; warrants at $0.53; second $650K tranche possible

## Summary
- Issued $650K 8% convertible debenture for net proceeds of $585K (10% OID) to Peak One Opportunity Fund.
- Debenture converts at $0.46/share; warrant to buy 375K shares at $0.53, expires in 5 years.
- Also issued 300K restricted commitment shares; second $650K tranche subject to mutual agreement after Mar 12, 2024.
- Registration rights filed within 45 days; conversion capped at 19.99% of outstanding unless shareholder approval.

## SEC filing metadata
- accession: 0001213900-24-003530
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390024003530/0001213900-24-003530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390024003530/ea191523-8k_safegreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-003530
- JSON: https://secwatch.observer/filing/0001213900-24-003530.json
- Plain text: https://secwatch.observer/filing/0001213900-24-003530.txt

## Key facts
- Debt Financings
  OLENOX INDUSTRIES INC. incurred convertible notes of $650,000.00 with Peak One Opportunity Fund, L.P. at 8% per annum maturing twelve months from its date of issuance.
  - Instrument: convertible notes
  - Principal: $650,000.00
  - Counterparty: Peak One Opportunity Fund, L.P.
  - Rate: 8% per annum
  - Maturity: twelve months from its date of issuance
  - Event: incurrence
  source text: On January 11, 2024, Safe & Green Holdings Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which the Company 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 $1,300,000. The closing of the first tranche was consummated on January 12, 2024 and the Company issued an 8% convertible debenture in the principal amount of Six Hundred Fifty Thousand Dollars ($650,000.00) (the “Debenture”) to Peak One
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390024003530/0001213900-24-003530-index.htm
- Material Agreements
  OLENOX INDUSTRIES INC. entered into Securities Purchase Agreement with Peak One Opportunity Fund, L.P. valued at $1,300,000 (effective 2024-01-11).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Peak One Opportunity Fund, L.P.
  - Value: $1,300,000
  - Effective: 2024-01-11
  source text: On January 11, 2024, Safe & Green Holdings Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which the Company 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 $1,300,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390024003530/0001213900-24-003530-index.htm

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