other material
confidence high
sentiment neutral
materiality 0.60
Safe & Green Holdings enters $100M ELOC and $1.875M convertible note with Tysadco
OLENOX INDUSTRIES INC.
- ELOC agreement for up to $100M common stock; purchase price at 90% of lowest 5-day VWAP.
- Convertible promissory note up to $1.875M principal ($1.5M funded), 12% interest, matures Nov 30, 2025, conversion at $0.50/share.
- Issued 294,000 commitment shares as additional consideration for the note.
- Note has 25% original issue discount; default triggers 125% balance and $500/day penalty.
- Both agreements include 4.99% beneficial ownership limitation and require Nasdaq compliance.