---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-032675"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T11:24:43.364117+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safe & Green issues $267K convertible note to Generating Alpha at 20% OID, 15% interest

## Summary
- Net proceeds $213,600; original issue discount of $53,400 (20% of face).
- Interest at 15% p.a.; first 12 months' interest ($40,050) earned upfront.
- Monthly payments of $30,705 from July 2025 to April 2026.
- Post-default conversion price floor of $0.52; optional redemption at 110%.
- Company restricted from paying dividends or repurchasing stock without lender consent.

## SEC filing metadata
- accession: 0001213900-25-032675
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390025032675/0001213900-25-032675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390025032675/ea0238610-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-032675
- JSON: https://secwatch.observer/filing/0001213900-25-032675.json
- Plain text: https://secwatch.observer/filing/0001213900-25-032675.txt

## Key facts
- Debt Financings
  OLENOX INDUSTRIES INC. incurred loan of $267,000 with Generating Alpha Ltd. at fifteen percent (15%) per annum maturing April 6, 2026.
  - Instrument: loan
  - Principal: $267,000
  - Counterparty: Generating Alpha Ltd.
  - Rate: fifteen percent (15%) per annum
  - Maturity: April 6, 2026
  - Event: incurrence
  source text: On April 11, 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 $267,000 (the “Principal”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390025032675/0001213900-25-032675-index.htm

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