secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001213900-24-016150
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe & Green subsidiary closes $250K convertible debenture tranche with Peak One
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- SG DevCo issued $250K 8% convertible debenture (12-month term, conversion price $2.14) to Peak One for $225K purchase price.
- Issued warrant to purchase 125,000 common shares at $2.53 per share, five-year term, with cashless exercise provision.
- Amendment splits second $500K tranche into two $250K tranches; third tranche subject to mutual agreement after April 16, 2024.
- Paid $6,500 non-accountable fee to Peak One and issued 35,000 commitment shares; placement agent Maxim received $13,500 fee.
- Amended registration rights agreement requires filing of registration statement within 60 days to register resale of shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024016150/0001213900-24-016150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024016150/ea0200495-8k_safegreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-016150

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