OLENOX INDUSTRIES INC. (OLOX): debt financing — Safe & Green Holdings issues $375,700 promissory note with 15% interest to Generating Alpha Ltd.

OLENOX INDUSTRIES INC.

Principal $375,700 with $75,140 original issue discount; net proceeds $300,560.
Interest at 15% p.a.; first 12 months interest ($56,355) earned upfront; default rate 18%.
Monthly amortization payments of $43,205.50 from June 6, 2025 to March 6, 2026.
Note convertible at 80% of lowest closing price in prior 10 days; on default, Alternate Price limited to $0.52.
Subject to Nasdaq 19.99% cap; if exceeded, company seeks shareholder approval or repays in cash.

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 convertible notes of $375,700 with Generating Alpha Ltd. at fifteen percent (15%) per annum maturing March 6, 2026.

Instrument: convertible notes
Principal: $375,700
Counterparty: Generating Alpha Ltd.
Rate: fifteen percent (15%) per annum
Maturity: March 6, 2026
Event: incurrence

Exact text from the filing

On March 27, 2025 (the “Issue Date”), Safe & Green Holdings Corp. (the “Company”) executed and issued a Promissory Note (“Note”) in favor of Generating Alpha Ltd. (the “Lender”) in the aggregate principal amount of $375,700 (the “Principal”)

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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 0001213900-25-027595

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