Safe & Green Holdings raises ~$494k via warrant exercise; issues new warrants for 3.8M shares

OLENOX INDUSTRIES INC.

Gross proceeds ~$494,213 from cash exercise of 1,898,630 existing warrants at $0.2603/share.
Issued new warrants to purchase 3,797,260 shares (200% of exercised) at $0.2603/share, exercisable after stockholder approval.
Company agreed to seek stockholder approval within 60 days; no share issuance or registration statements for 30 days after closing.
Closing expected March 12, 2024; Maxim Group receives 7% fee on gross proceeds plus $10k.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLENOX INDUSTRIES INC. entered into Inducement Agreement with a certain holder of warrants to purchase shares of the Company’s common stock valued at approximately $494,213 (effective 2024-03-08).

Action: entry
Agreement: equity purchase
Counterparty: a certain holder of warrants to purchase shares of the Company’s common stock
Value: approximately $494,213
Effective: 2024-03-08

Exact text from the filing

On March 8, 2024, Safe & Green Holdings Corp. (the “Company”) entered into a warrant inducement agreement (the “Inducement Agreement”) with a certain holder (the “Holder”) of warrants to purchase shares of the Company’s common stock

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589 material agreements filed in the last 30 days. Browse all material agreements →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-021129

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