other material
confidence high
sentiment neutral
materiality 0.60
Safe & Green Holdings closes ~$8M private placement of units with warrants at $0.392/unit
OLENOX INDUSTRIES INC.
- Gross proceeds of $8.0M from sale of 20,408,160 units; net proceeds ~$6.6M after fees.
- Each unit includes one share (or pre-funded warrant) plus Series A (strike $0.784, 5-yr) and Series B (strike $0.98, 2.5-yr) warrants, exercisable after stockholder approval.
- Net proceeds to be used for working capital, general corporate purposes, and equipment for expansion.
- Private placement closed April 14, 2025; securities not registered, sold only to accredited investors.
- Company agreed to file resale registration statement covering common shares and warrant shares by April 30, 2025.