{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-018530","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.141357+00:00","generated_at":"2026-06-05T06:03:30.842310+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Subsidiaries sell $224.9K future receivables for $150K; CFO salary raised to $350K","bullets":["Entered cash advance with Bridgecap: $224,850 future receivables sold for $150K purchase price; net proceeds $135K after fees.","Bridgecap to withdraw $2,248.50 daily from merchants' bank account; secured by all accounts and receivables.","CFO Patricia Kaelin salary raised to $350K; also receives $100K bonus and 300,000 RSUs (50% immediate vest).","CEO Paul Galvin awarded $350K bonus for 2023 service; voluntarily deferred Feb. 15 salary as cost-saving measure."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-018530","json":"https://secwatch.observer/filing/0001213900-24-018530.json","markdown":"https://secwatch.observer/filing/0001213900-24-018530.md","text":"https://secwatch.observer/filing/0001213900-24-018530.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024018530/0001213900-24-018530-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024018530/ea0200852-8k_safegreen.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T06:03:30.842310+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":"c55197358c7e7fe4f0885656726f7b3e957cbb86","claim":"OLENOX INDUSTRIES INC. entered into Cash Advance Agreement with Bridgecap Advance LLC valued at $224,850 of their future receivables for a purchase price of $150,000 (effective 2024-02-23).","evidence_excerpt":"On February 23, 2024, SG Building Blocks, Inc. (“SG Building Blocks”), a wholly owned subsidiary of Safe & Green Holdings Corp.(the “Company”), and the Company’s wholly owned subsidiary, SG Echo, LLC (“SG Echo”, and together with SG Building Blocks, the “Merchants”), entered into a Cash Advance Agreement (“Cash Advance Agreement”) with Bridgecap Advance LLC (“Bridgecap”) pursuant to which the Merchants sold to Bridgecap $224,850 of their future receivables for a purchase price of $150,000, less underwriting fees and expenses paid, for net funds provided of $135,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390024018530/0001213900-24-018530-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Bridgecap Advance LLC"},{"label":"Value","value":"$224,850 of their future receivables for a purchase price of $150,000"},{"label":"Effective","value":"2024-02-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}