secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001213900-25-032675
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390025032675/0001213900-25-032675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390025032675/ea0238610-8k_safe.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-032675

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