---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-027595"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2025-04-02T23:59:59+00:00"
generated_at: "2026-05-23T23:05:40.520018+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Safe & Green Holdings issues $375,700 promissory note with 15% interest to Generating Alpha Ltd.

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-027595
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2025-04-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390025027595/0001213900-25-027595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390025027595/ea0236831-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-027595
- JSON: https://secwatch.observer/filing/0001213900-25-027595.json
- Plain text: https://secwatch.observer/filing/0001213900-25-027595.txt

## Key facts
- Debt Financings
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390025027595/0001213900-25-027595-index.htm

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