OLENOX INDUSTRIES INC. (OLOX): debt financing — Safe & Green issues $360K convertible note to Firstfire Global; 15% interest, warrants, commitment shares

OLENOX INDUSTRIES INC.

Note principal $360,000; purchased at $300,000 (original issue discount $60,000); 15% annual interest.
First 12 months interest ($54,000) earned in full upon issuance; default interest at 18%.
Convertible into common stock at $0.65/share; warrant to purchase 450,000 shares at $0.80/share.
Company to issue 275,000 commitment shares after shareholder approval; note restricts dividends and asset sales.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OLENOX INDUSTRIES INC. incurred loan of $360,000 with Firstfire Global Opportunities Fund, LLC at fifteen percent (15%) per annum.

Instrument: loan
Principal: $360,000
Counterparty: Firstfire Global Opportunities Fund, LLC
Rate: fifteen percent (15%) per annum
Event: incurrence

Exact text from the filing

On February 12, 2025 (the “Issue Date”), Safe & Green Holdings Corp. (the “Company”) executed and issued a Promissory Note (“Note”) in favor of Firstfire Global Opportunities Fund, LLC (the “Lender”) in the aggregate principal amount of $360,000

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114 debt financings filed in the last 30 days. Browse all debt financings →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-25-016633

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