{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-008481","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.140364+00:00","generated_at":"2026-06-06T12:40:28.519026+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Safe & Green subsidiary sells $1.73M future receivables for $1.18M; nets $215k after fees and repayment","bullets":["SG Building Blocks sold $1,733,420 in future receivables to Cedar Advance for $1,180,000 purchase price.","Net proceeds after underwriting fees and repayment of prior amounts: $215,575.","Cedar will withdraw $49,150 weekly from SG Building Blocks' bank account until the full amount is paid.","Obligations are guaranteed by wholly owned subsidiary SG Echo, LLC.","Default triggers demand for full remaining amount plus $2,500 blocked account fee."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-008481","json":"https://secwatch.observer/filing/0001213900-24-008481.json","markdown":"https://secwatch.observer/filing/0001213900-24-008481.md","text":"https://secwatch.observer/filing/0001213900-24-008481.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024008481/0001213900-24-008481-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024008481/ea192531-8k_safeandgreen.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T12:40:28.519026+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":"7809be996fc390349053894f6cf6cda1dbdbdf5f","claim":"OLENOX INDUSTRIES INC. incurred debt of $1,733,420 with Cedar Advance LLC.","evidence_excerpt":"Corp.(the “Company”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Cedar Advance LLC (“Cedar”) pursuant to which SG Building Blocks sold to Cedar $1,733,420 of its future receivables for a purchase price of $1,180,000, less underwriting fees and expenses paid and the repayment of prior amounts due Cedar , for net funds provided of $","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024008481/0001213900-24-008481-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$1,733,420"},{"label":"Counterparty","value":"Cedar Advance LLC"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"acf4cefe9781301b7e7f1e0f1b4ce128b9f6d1b9","claim":"OLENOX INDUSTRIES INC. entered into Cash Advance Agreement with Cedar Advance LLC valued at $1,733,420 of its future receivables for a purchase price of $1,180,000 (effective 2024-01-29).","evidence_excerpt":"On January 29, 2024, SG Building Blocks, Inc. (“SG Building Blocks”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Cedar Advance LLC (“Cedar”) pursuant to which SG Building Blocks sold to Cedar $1,733,420 of its future receivables for a purchase price of $1,180,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024008481/0001213900-24-008481-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Cedar Advance LLC"},{"label":"Value","value":"$1,733,420 of its future receivables for a purchase price of $1,180,000"},{"label":"Effective","value":"2024-01-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}