{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-007674","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2025-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.728669+00:00","generated_at":"2026-05-27T06:21:27.831264+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Safe & Green obtains $188K via convertible note and cash advance; conversion price drops to $0.10 after 180 days","bullets":["Issued $143,750 promissory note at 15% interest; net proceeds $125,000 after $18,750 original issue discount.","Subsidiary SG Building Blocks sold $104,930 future receivables for net $63,000; daily withdrawal of $2,998.","Note convertible at $1.30/share for first 180 days, then $0.10/share; 200% default penalty on unpaid amounts.","Event of default includes Nasdaq delisting; conversion limitation (19.9%) waived upon delisting.","Monthly payments of $18,368 start Feb 28, 2025; default interest rate 22% per annum."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-007674","json":"https://secwatch.observer/filing/0001213900-25-007674.json","markdown":"https://secwatch.observer/filing/0001213900-25-007674.md","text":"https://secwatch.observer/filing/0001213900-25-007674.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390025007674/0001213900-25-007674-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390025007674/ea0229068-8k_safe.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T06:21:27.831264+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}