secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001213900-24-022712
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe & Green Holdings issues $149,500 convertible promissory note to 1800 Diagonal Lending
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- Principal $149,500; purchase price $130,000 (original issue discount $19,500).
- One-time 10% interest on issuance; nine monthly payments of $18,272.23 starting April 15, 2024.
- Default interest 22%; upon default after six months, lender can convert at greater of $0.08 or 65% of lowest closing bid over prior 10 days.
- Conversion capped at 4.99% ownership and 19.99% of outstanding (waived upon Nasdaq delisting).
- SPA contemplates up to $1,000,000 additional tranches over 12 months subject to further agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024022712/0001213900-24-022712-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024022712/ea0201836-8k_safegreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-022712

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