secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001213900-24-003530
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024003530/0001213900-24-003530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024003530/ea191523-8k_safegreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-003530

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