other material
confidence high
sentiment neutral
materiality 0.80
Safe & Green Holdings enters $100M equity line with Alumni Capital LP at 10% discount
OLENOX INDUSTRIES INC.
- ELOC allows SGBX to sell up to $100M of common stock to Alumni Capital at 90% of lowest 5-day VWAP.
- Per-purchase notice capped at $500K (waivable to $5M); beneficial ownership and Nasdaq exchange caps apply.
- Commitment period runs from Jan 21, 2025 through June 30, 2026, or earlier if full amount drawn.
- Company must file a resale registration statement within 5 business days and use best efforts for 120-day effectiveness.
- No obligation to draw; drawdowns subject to market conditions and other customary conditions.