---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-117158"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2025-12-02T23:59:59+00:00"
generated_at: "2026-05-16T15:37:00.149616+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Safe & Green Holdings Corp. raises $4.05 million via private placement of Series C convertible preferred stock

## Summary
- Sold 4,500 Series C preferred shares at $1,000 stated value to JAK Industrial Ventures I LLC for initial proceeds of $4,050,000.
- Conversion price is $3.19 per common share; additional up to 45,500 preferred shares may be issued at option of buyer or company.
- Net proceeds after placement agent fees and expenses were approximately $2,799,500; WestPark Capital Inc. received 7% commission plus $25,000 expense reimbursement.
- Series C preferred stock ranks senior to common stock for dividends and liquidation, and carries registration rights for resale.

## SEC filing metadata
- accession: 0001213900-25-117158
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2025-12-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390025117158/0001213900-25-117158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390025117158/ea0268041-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-117158
- JSON: https://secwatch.observer/filing/0001213900-25-117158.json
- Plain text: https://secwatch.observer/filing/0001213900-25-117158.txt

## Key facts
- Equity Issuances
  OLENOX INDUSTRIES INC. issued 4,500 shares of preferred stock to institutional investor for $4,050,000 ($3,150,000 payable at the initial closing and an additional $900,000 payable on the initial date of effectiveness of the registration statement regi.
  - Security: preferred stock
  - Shares: 4,500 shares
  - Purchaser: institutional investor
  - Consideration: $4,050,000 ($3,150,000 payable at the initial closing and an additional $900,000 payable on the initial date of effectiveness of the registration statement regi
  source text: On November 25, 2025, Safe & Green Holdings Corp. (the “ Company ”) consummated a private placement (the “ Private Placement ”) pursuant to a securities purchase agreement (the “ Purchase Agreement ”) with an institutional investor (the “ Purchaser ”) for the purchase and sale of 4,500 shares (the “ Initial Preferred Shares ”) of the Company’s series c preferred stock, $1.00 par value per share (the “ Series C Preferred Stock ”), for an initial purchase price of $4,050,000 ($3,150,000 payable at the initial closing and an additional $900,000 payable on the initial date of effectiveness of the registration statement registering the Securities).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390025117158/0001213900-25-117158-index.htm
- Material Agreements
  OLENOX INDUSTRIES INC. entered into Purchase Agreement with an institutional investor valued at $4,050,000 (effective 2025-11-25).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an institutional investor
  - Value: $4,050,000
  - Effective: 2025-11-25
  source text: On November 25, 2025, Safe & Green Holdings Corp. (the “ Company ”) consummated a private placement (the “ Private Placement ”) pursuant to a securities purchase agreement (the “ Purchase Agreement ”) with an institutional investor (the “ Purchaser ”) for the purchase and sale of 4,500 shares (the “ Initial Preferred Shares ”) of the Company’s series c preferred stock, $1.00 par value per share (the “ Series C Preferred Stock ”), for an initial purchase price of $4,050,000 ($3,150,000 payable at the initial closing and an additional $900,000 payable on the initial date of effectiveness of the registration statement registering the Securities).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390025117158/0001213900-25-117158-index.htm

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