Safe & Green announces annual shareholders meeting date

Safe & Green Holdings announces that its 2025 Annual Meeting of Stockholders 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. 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 technology, expanding Safe & Green’s footprint in sustainable infrastructure and energy solutions.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.