Safe & Green Holdings raises $4M in private placement of common stock and warrants

OLENOX INDUSTRIES INC.

Priced at $2.90 per unit: 1,379,310 shares or pre-funded warrants and 2,758,620 common warrants issued.
Common warrants exercisable at $2.65, 5-year term from registration effective date; pre-funded warrants exercisable at $0.0001.
Gross proceeds ~$4.0M; net proceeds for general corporate purposes and potential debt repayment.
Closing on May 7, 2024; A.G.P./Alliance Global Partners acted as placement agent.

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 Securities Purchase Agreement with a single accredited institutional investor valued at approximately $4.0 million (effective 2024-05-03).

Action: entry
Agreement: equity purchase
Counterparty: a single accredited institutional investor
Value: approximately $4.0 million
Effective: 2024-05-03

Exact text from the filing

On May 3, 2024, Safe & Green Holdings Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) for a private placement (the “Private Placement”) with a single accredited institutional investor (the “Purchaser”).

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

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-041045

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