---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-021129"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2024-03-08T23:59:59+00:00"
generated_at: "2026-06-05T00:21:50.441468+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-021129
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2024-03-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390024021129/0001213900-24-021129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390024021129/ea0201459-8k_safegreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-021129
- JSON: https://secwatch.observer/filing/0001213900-24-021129.json
- Plain text: https://secwatch.observer/filing/0001213900-24-021129.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390024021129/0001213900-24-021129-index.htm

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