{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-012609","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2024-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.140761+00:00","generated_at":"2026-06-06T04:05:39.741694+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Safe & Green settles Maxim spin-off debt with $375K note, $187.5K stock and cash","bullets":["Settlement with Maxim Group resolves amounts owed from Safe and Green Development Corp spin-off.","Consideration: $187,500 in common stock, $187,500 cash, and $375,000 promissory note at 5% interest.","Promissory note matures 12 months from issuance; agreement contingent on closing of proposed best efforts offering.","Settlement agreement dated February 9, 2024; reported via Item 1.01 8-K."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-012609","json":"https://secwatch.observer/filing/0001213900-24-012609.json","markdown":"https://secwatch.observer/filing/0001213900-24-012609.md","text":"https://secwatch.observer/filing/0001213900-24-012609.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024012609/0001213900-24-012609-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024012609/ea193441-8k_safeandgreen.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:05:39.741694+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":"849808c8b40c15db12100a0530ee031503bc3728","claim":"OLENOX INDUSTRIES INC. entered into Settlement and Release Agreement with Maxim Group LLC valued at $187,500 of the Company’s common stock; (ii) $187,500 cash payment; and (iii) a $375,000 promissory (effective 2024-02-09).","evidence_excerpt":"On February 9, 2024, Safe & Green Holdings Corp. (the “Company”) entered into a Settlement and Release Agreement (the “Settlement agreement”) with Maxim Group LLC (together with its parents, subsidiaries and affiliates, “Maxim”) wherein the Company agreed, contingent upon the closing of a current proposed best efforts offering, to pay the following consideration in settlement of amounts owed to Maxim in connection with the spin-off of Safe and Green Development Corporation: (i) $187,500 of the Company’s common stock; (ii) $187,500 cash payment; and (iii) a $375,000 promissory note bearing interest at a rate of 5% with a maturity date of the twelve month anniversary of the issuance date.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024012609/0001213900-24-012609-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Maxim Group LLC"},{"label":"Value","value":"$187,500 of the Company’s common stock; (ii) $187,500 cash payment; and (iii) a $375,000 promissory"},{"label":"Effective","value":"2024-02-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}