---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-010583"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T07:38:18.706899+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safe & Green Holdings' subsidiary agrees to sell 27-acre industrial site for $1.35M

## Summary
- SG DevCo to sell 27-acre industrial-zoned land in St. Mary’s, Georgia to Pigmental, LLC for $1.35M.
- Consideration: $900K cash plus $450K promissory note at 10% interest, monthly payments of $3,750 starting May 1, 2024, maturing April 30, 2025, secured by mortgage.
- Transaction expected to close on or about April 1, 2024, with outside date of April 30, 2024.

## SEC filing metadata
- accession: 0001213900-24-010583
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390024010583/0001213900-24-010583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390024010583/ea192952-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-010583
- JSON: https://secwatch.observer/filing/0001213900-24-010583.json
- Plain text: https://secwatch.observer/filing/0001213900-24-010583.txt

## Key facts
- Material Agreements
  OLENOX INDUSTRIES INC. entered into Agreement of Sale with Pigmental, LLC valued at $1.35 million (effective 2024-01-31).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Pigmental, LLC
  - Value: $1.35 million
  - Effective: 2024-01-31
  source text: On January 31, 2024, Safe and Green Development Corporation (“SG DevCo”), a majority owned subsidiary of Safe & Green Holdings Corp., entered into an Agreement of Sale (the “Agreement of Sale”) with Pigmental, LLC, a Delaware limited liability company (“Pigmental Studios”), to sell approximately 27 acres of land zoned for a manufacturing facility in St. Mary’s, Georgia (the “St Mary’s Industrial Site”) owned by SG DevCo to Pigmental Studios for $1.35 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390024010583/0001213900-24-010583-index.htm

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