---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-016633"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2025-02-24T23:59:59+00:00"
generated_at: "2026-05-26T05:21:28.898037+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Safe & Green issues $360K convertible note to Firstfire Global; 15% interest, warrants, commitment shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-016633
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2025-02-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390025016633/0001213900-25-016633-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390025016633/ea0231947-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-016633
- JSON: https://secwatch.observer/filing/0001213900-25-016633.json
- Plain text: https://secwatch.observer/filing/0001213900-25-016633.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390025016633/0001213900-25-016633-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.