secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001213900-24-013427
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe & Green Holdings subsidiary acquires Majestic World Holdings for stock and cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024013427/0001213900-24-013427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024013427/ea193628-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-013427

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