secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001213900-25-022207
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe & Green Holdings enters $100M ELOC and $1.875M convertible note with Tysadco
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390025022207/0001213900-25-022207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390025022207/ea0233836-8k_safe.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-022207

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer