Safe & Green Holdings Announces Record Date and Meeting Date for the 2025 Annual Shareholders Meeting
Safe & Green Holdings (NASDAQ: SGBX) has scheduled its 2025 Annual Meeting of Stockholders for April 24, 2025, with March 9, 2025, set as the record date for voting eligibility. A important agenda item is the approval for New Asia Holdings Corp. shareholders to convert non-voting convertible preferred shares into common stock, marking the final phase of a merger involving Olenox Corp. and Machfu, Inc.
The merger aims to create a diversified enterprise combining Olenox's energy expertise in revitalizing oil and gas assets with Machfu's Industrial Internet of Things (IIoT) technology. Olenox focuses on distressed fields in Texas, Oklahoma, and Kansas, utilizing plasma pulse and ultrasonic cleaning technologies. Machfu contributes IIoT solutions for industrial infrastructure optimization and smart automation.
Safe & Green Holdings (NASDAQ: SGBX) ha programmato la sua Assemblea Annuale degli Azionisti 2025 per il 24 aprile 2025, con il 9 marzo 2025 fissato come data di registrazione per la idoneità al voto. Un punto importante all'ordine del giorno è l'approvazione per gli azionisti di New Asia Holdings Corp. di convertire le azioni privilegiate convertibili non votanti in azioni ordinarie, segnando la fase finale di una fusione che coinvolge Olenox Corp. e Machfu, Inc.
La fusione mira a creare un'impresa diversificata che combina l'expertise energetica di Olenox nel rilancio di asset petroliferi e di gas con la tecnologia Industrial Internet of Things (IIoT) di Machfu. Olenox si concentra su campi in difficoltà in Texas, Oklahoma e Kansas, utilizzando tecnologie di pulizia a impulso plasma e ultrasonica. Machfu contribuisce con soluzioni IIoT per l'ottimizzazione delle infrastrutture industriali e l'automazione intelligente.
Safe & Green Holdings (NASDAQ: SGBX) ha programado su Reunión Anual de Accionistas 2025 para el 24 de abril de 2025, con el 9 de marzo de 2025 establecido como la fecha de registro para la elegibilidad de voto. Un punto importante en la agenda es la aprobación para que los accionistas de New Asia Holdings Corp. conviertan acciones preferentes convertibles sin derecho a voto en acciones ordinarias, marcando la fase final de una fusión que involucra a Olenox Corp. y Machfu, Inc.
La fusión tiene como objetivo crear una empresa diversificada que combine la experiencia en energía de Olenox en la revitalización de activos de petróleo y gas con la tecnología del Internet Industrial de las Cosas (IIoT) de Machfu. Olenox se enfoca en campos en dificultades en Texas, Oklahoma y Kansas, utilizando tecnologías de limpieza por pulso de plasma y ultrasonido. Machfu contribuye con soluciones IIoT para la optimización de la infraestructura industrial y la automatización inteligente.
Safe & Green Holdings (NASDAQ: SGBX)는 2025년 주주 연례 회의를 2025년 4월 24일로 예정하고, 2025년 3월 9일을 투표 자격을 위한 기준일로 설정했습니다. 중요한 의제 항목 중 하나는 New Asia Holdings Corp.의 주주가 비투표 가능 전환 우선주를 보통주로 전환하는 것을 승인하는 것입니다. 이는 Olenox Corp.와 Machfu, Inc 간의 합병의 최종 단계입니다.
이번 합병은 Olenox의 석유 및 가스 자산 재활성화에 대한 에너지 전문성과 Machfu의 산업 사물 인터넷(IIoT) 기술을 결합하여 다각화된 기업을 만드는 것을 목표로 하고 있습니다. Olenox는 텍사스, 오클라호마 및 캔자스의 어려운 유전 분야에 집중하며, 플라즈마 펄스 및 초음파 청소 기술을 활용합니다. Machfu는 산업 인프라 최적화 및 스마트 자동화를 위한 IIoT 솔루션을 제공합니다.
Safe & Green Holdings (NASDAQ: SGBX) a programmé sa Réunion Annuelle des Actionnaires 2025 pour le 24 avril 2025, avec le 9 mars 2025 comme date d'enregistrement pour l'éligibilité au vote. Un point important à l'ordre du jour est l'approbation pour que les actionnaires de New Asia Holdings Corp. convertissent des actions privilégiées convertibles sans droit de vote en actions ordinaires, marquant la phase finale d'une fusion impliquant Olenox Corp. et Machfu, Inc.
La fusion vise à créer une entreprise diversifiée combinant l'expertise énergétique d'Olenox dans la revitalisation des actifs pétroliers et gaziers avec la technologie de l'Internet industriel des objets (IIoT) de Machfu. Olenox se concentre sur des champs en difficulté au Texas, en Oklahoma et au Kansas, utilisant des technologies de nettoyage par impulsion plasma et ultrasonique. Machfu contribue avec des solutions IIoT pour l'optimisation de l'infrastructure industrielle et l'automatisation intelligente.
Safe & Green Holdings (NASDAQ: SGBX) hat die Jahreshauptversammlung der Aktionäre 2025 für den 24. April 2025 angesetzt, wobei der 9. März 2025 als Stichtag für die Wahlberechtigung festgelegt wurde. Ein wichtiger Punkt auf der Tagesordnung ist die Genehmigung für die Aktionäre von New Asia Holdings Corp., nicht stimmberechtigte wandelbare Vorzugsaktien in Stammaktien umzuwandeln, was die letzte Phase einer Fusion zwischen Olenox Corp. und Machfu, Inc markiert.
Die Fusion zielt darauf ab, ein diversifiziertes Unternehmen zu schaffen, das Olenox' Energieexpertise in der Revitalisierung von Öl- und Gasressourcen mit Machfus Technologie des Industrial Internet of Things (IIoT) kombiniert. Olenox konzentriert sich auf problematische Felder in Texas, Oklahoma und Kansas und nutzt Plasma-Puls- und Ultraschallreinigungstechnologien. Machfu trägt IIoT-Lösungen zur Optimierung der industriellen Infrastruktur und zur intelligenten Automatisierung bei.
- Strategic merger with Olenox and Machfu expands SGBX's footprint in sustainable infrastructure and energy solutions
- Integration of advanced IIoT technology and energy asset optimization capabilities
- Geographic expansion into key oil and gas markets (Texas, Oklahoma, Kansas)
- Potential shareholder dilution from conversion of preferred shares to common stock
Insights
Safe & Green Holdings' announcement regarding shareholder approval for the final phase of its merger with Olenox and Machfu represents a significant strategic pivot for this micro-cap company. The transaction would transform SGBX from primarily a modular structure developer into a more diversified enterprise spanning sustainable infrastructure, energy asset revitalization, and Industrial Internet of Things technology.
The merger's strategic rationale centers on complementary capabilities: Olenox's expertise in revitalizing underdeveloped oil and gas assets using proprietary technologies that enhance efficiency while reducing environmental impact, combined with Machfu's IIoT solutions for industrial infrastructure optimization and automation.
For context, SGBX currently operates with a market capitalization of just
While CEO McLaren characterizes the merger as aligned with long-term diversification strategy, investors should carefully evaluate whether the expanded business focus creates coherent synergies or potential operational challenges. The integration of three distinct business models – modular structures, energy asset management, and IoT technology – will require strong execution to realize value.
The announcement lacks critical financial details regarding valuation, projected contribution to revenue or earnings, and integration costs, making a comprehensive value assessment challenging. The shareholder vote on April 24th represents the final hurdle for transaction completion.
MIAMI, FL, March 13, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, today announced that its 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) will be held on April 24, 2025. The Company’s Board of Directors has fixed the close of business on March 9, 2025, as the record date for determining those stockholders who are entitled to vote at the 2025 Annual Meeting or any adjournment or postponement of the 2025 Annual Meeting. The Company plans to provide further details in its forthcoming proxy statement, which the Company plans to file with the Securities and Exchange Commission in the coming days.
A key item on the agenda for the 2025 Annual Meeting is the approval of New Asia Holdings Corp. shareholders to convert their non-voting convertible preferred shares into shares of common stock of the Company, which represents the second phase of the merger transaction involving Olenox Corp. and Machfu, Inc., and is the final step necessary to fully complete the transaction. The combination would create a diversified company integrating Olenox’s energy expertise with Machfu’s Industrial Internet of Things (IIoT) technology, expanding Safe & Green’s footprint in sustainable infrastructure and energy solutions.
Olenox specializes in acquiring and revitalizing underdeveloped oil and gas assets, focusing on distressed fields in Texas, Oklahoma, and Kansas. The company’s proprietary plasma pulse and ultrasonic cleaning technologies enhance production efficiency while reducing environmental impact. Machfu brings advanced IIoT solutions that optimize industrial infrastructure, enhance security, and improve operational efficiency through smart automation and data analytics.
“This merger aligns with our long-term strategy to diversify and strengthen our business,” said Mike McLaren, CEO of Safe & Green Holdings. “Olenox brings advanced energy capabilities, while Machfu provides cutting-edge digital infrastructure solutions. We could not be more encouraged by the potential of this transformative transaction.”
About Olenox Global, Inc.
Olenox is an advanced energy company focused on oil and gas production, energy services, and energy technologies. Olenox specializes in acquiring and revitalizing distressed energy assets, leveraging proprietary technologies to enhance production while minimizing environmental impact.
About Machfu, Inc.
Machfu delivers Industrial Internet of Things (IIoT) solutions, providing secure, scalable, and intelligent connectivity for industrial automation, energy, and smart infrastructure applications.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit https://www.safeandgreenholdings.com/ and follow us at @SGHcorp on Twitter.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the effect of government regulation, the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investor Relations:
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