secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001213900-24-012609
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe & Green settles Maxim spin-off debt with $375K note, $187.5K stock and cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024012609/0001213900-24-012609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024012609/ea193441-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-012609

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