---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-013427"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:01:22.067517+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 acquires Majestic World Holdings for stock and cash

## Summary
- SG DevCo pays 500,000 restricted shares and $500K cash for all MWH membership interests.
- Cash consideration paid in five quarterly installments of $100K each starting Q1 2024.
- 68.25% of interests transferred at closing; remaining 31.75% in five equal quarterly installments.
- SG DevCo will pay members 50% of net profits from MWH's real-estate SaaS technology for five years.
- Transaction closed Feb 7, 2024; ancillary agreements include profit sharing and employment contracts.

## SEC filing metadata
- accession: 0001213900-24-013427
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2024-02-13T23:59:59+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/1023994/000121390024013427/0001213900-24-013427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390024013427/ea193628-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-013427
- JSON: https://secwatch.observer/filing/0001213900-24-013427.json
- Plain text: https://secwatch.observer/filing/0001213900-24-013427.txt

## Key facts
- Material Agreements
  OLENOX INDUSTRIES INC. entered into Membership Interest Purchase Agreement with Majestic World Holdings LLC valued at 500,000 shares of SG DevCo's restricted stock and $500 thousand in cash (effective 2024-02-07).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Majestic World Holdings LLC
  - Value: 500,000 shares of SG DevCo's restricted stock and $500 thousand in cash
  - Effective: 2024-02-07
  source text: On February 7, 2024, Safe and Green Development Corporation (“SG DevCo”), a majority owned subsidiary of Safe & Green Holdings Corp., acquired Majestic World Holdings LLC (“MWH”) pursuant to a Membership Interest Purchase Agreement (the “Purchase Agreement”), dated as of February 7, 2024, by and among SG DevCo , the members of MWH listed therein (the “Members”), MWH and Matthew A. Barstow, as Sellers Representative.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390024013427/0001213900-24-013427-index.htm

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