secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001213900-25-016633
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390025016633/0001213900-25-016633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390025016633/ea0231947-8k_safe.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-016633

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