Safe and Green Holdings Announces Its 2025 Record Date and Annual Shareholders Meeting Date

Rhea-AI Summary

Safe & Green Holdings (NASDAQ: SGBX) set its 2025 Annual Meeting for Dec. 29, 2025 at 1 p.m. ET and fixed the record date at Nov. 21, 2025 to determine voting shareholders.

A key agenda item is shareholder approval to convert New Asia Holdings non-voting convertible preferred shares into common stock, described as the final phase of the merger involving Olenox Corp and Machfu, Inc., required to complete the transaction. Olenox, a Safe & Green subsidiary, is pursuing oil and gas revitalization and plans an aggressive drilling program with a targeted completion of one drilling project in Q4 2025. The company is consolidating operations in Conroe, Texas and announced an Open Collaborative Framework partnership with OneQode.

Positive

• Annual meeting scheduled for Dec. 29, 2025
• Record date fixed at Nov. 21, 2025
• Shareholder vote to complete merger by converting preferred into common stock
• Olenox targets completion of one drilling project in Q4 2025

Negative

• Business strategy shifting away from modular home construction toward energy and industrial builds
• Conversion vote will alter the company capital structure through preferred-to-common share conversion
• Operational consolidation and relocation to Conroe, Texas may cause transitional risk

Insights

Corporate Strategy Analyst

A shareholder vote on Dec. 29, 2025 will decide the final legal step to complete a merger and enable a major strategic pivot.

The Board set the record date at Nov. 21, 2025 for the vote to convert New Asia Holdings Corp. preferred shares into common stock, which the company describes as the second phase and final step of the merger involving Olenox Corp. and Machfu, Inc. If approved, the corporate structure will formally fold Olenox, a vertically integrated energy subsidiary, into the operating footprint and accelerate a shift from modular homes toward integrated energy and industrial container builds.

Key dependencies and execution risks include shareholder approval at the Dec. 29, 2025 meeting, successful integration of Olenox and Machfu’s technologies, and operational execution of Olenox’s stated drilling timetable. The company cites an AI-powered well-site optimization rollout and a target to complete one drilling project in the fourth quarter of 2025, with a broader drilling agenda in 2026. Those items are necessary for the strategic pivot to generate meaningful operational value.

Watch the shareholder vote outcome and any meeting disclosures for conversion mechanics, timing, and dilution details; monitor confirmation of the announced drilling completion in the fourth quarter of 2025 and subsequent drilling milestones in 2026; and review any integration updates on the OneQode Open Collaborative Framework partnership that could affect infrastructure scaling.

CONROE, Texas, Oct. 28, 2025 (GLOBE NEWSWIRE) -- via IBN -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green” or the “Company”) today announces that its 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) will be held on Dec. 29, 2025, at 1 p.m. ET. The Company’s Board of Directors has fixed the close of business on Nov. 21, 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.

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.

Olenox Corp., a vertically integrated energy company, is a wholly owned subsidiary of Safe & Green specializing in acquiring and revitalizing underdeveloped oil and gas assets, focusing on distressed fields in Texas, Oklahoma, and Kansas. 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.

“This final task in the merger of the two companies will mark a new beginning for the corporation, moving away from modular home construction and into an integrated energy company with a strong container build business focusing on industrial builds like generator sets, AI data centers and crypto currency miners,” said Michael McLaren, CEO of Safe & Green. 

Safe & Green is relocating and consolidating its operations in Conroe, Texas, while Olenox implements an AI-powered system to optimize well site operations. Olenox has also begun the initial review of several drilling sites on current leases held within its oil and gas portfolio.

As the energy development arm of SGBX, Olenox intends to implement an aggressive drilling program with plans to target completion of one drilling project during the fourth quarter of 2025, followed by an ambitious drilling agenda outlined for 2026 and beyond.

The Company also shared details of an Open Collaborative Framework (“OCF”) partnership, recently signed with OneQode, a global technology company recognized for its high-performance networking and digital infrastructure capabilities.

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. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. 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 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, 2024, 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.

Investors:
investors@safeandgreenholdings.com

Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

FAQ

When is Safe & Green Holdings (SGBX) holding its 2025 Annual Meeting?

The 2025 Annual Meeting is scheduled for Dec. 29, 2025 at 1 p.m. ET.

What is the SGBX record date to vote at the 2025 Annual Meeting?

The record date for voting is Nov. 21, 2025.

What shareholder approval is required at the SGBX Dec. 29, 2025 meeting?

Shareholders will vote to convert New Asia Holdings non-voting convertible preferred shares into SGBX common stock to complete the merger.

How does the preferred-to-common conversion affect SGBX shareholders?

The conversion will change the company capital structure by converting preferred shares into common stock pending shareholder approval.

What drilling timeline did SGBX announce for Olenox energy operations?

Olenox intends to complete one drilling project in Q4 2025 and pursue an expanded drilling agenda in 2026.

Did SGBX announce any partnerships related to its technology or infrastructure plans?

Yes, SGBX disclosed an Open Collaborative Framework partnership with OneQode for networking and digital infrastructure collaboration.