Safe & Green Holdings Merging with Innovators Olenox and Machfu

Safe & Green Holdings Announces Major Merger with Olenox and Machfu

Safe & Green Holdings Corp. (NASDAQ: SGBX), an established leader in the development and fabrication of modular structures, has taken a significant step towards enhancing its footprint in sustainable energy and industrial automation. The company has formally entered into a definitive agreement with New Asia Holdings, Inc. (NAHD), the parent company of Olenox Corp. and Machfu.com, two innovative players within the energy and industrial IoT sectors.

Overview of the Merger Agreement

The merger involves Safe & Green Holdings acquiring 100% of NAHD's outstanding securities. In exchange, the company will issue non-voting convertible preferred shares. This important transaction reflects Safe & Green's dedication to expanding its capabilities and creating more sustainable solutions in its fields of operation.

Insights into Olenox Corp.

Olenox Corp. stands out as a pioneering force in the energy industry. With its three verticals—Oil & Gas Production, Energy Services, and Energy Technologies—the company has robust operations focused on revitalizing underdeveloped energy assets. Through advanced technologies such as plasma pulse and ultrasonic cleaning, Olenox enhances production rates while minimizing environmental footprints. With strategic initiatives focused on distressed oil and gas reserves, Olenox is well-positioned for sustainable growth in the evolving energy landscape.

Machfu: A Leader in Industrial IoT

In parallel, Machfu has emerged as a frontrunner in the industrial Internet of Things (IoT) domain. Its flagship technologies, notably MachGateway® and Edge-to-Enterprise™ software solutions, enable seamless connectivity across existing legacy systems and modern digital infrastructures. With a deployment of over 20,000 gateways worldwide, Machfu’s innovations provide significant enhancements in operational efficiencies, predictive maintenance, and real-time analytics across various sectors, including oil and gas, utilities, and manufacturing.

Anticipated Benefits of the Merger

Post-merger, Safe & Green Holdings aims to synergize Olenox's energy assets with Machfu's powerful IoT capabilities, creating a more robust organization equipped to tackle modern energy solutions. The merger is expected to leverage modular fabrication skills at its established Waldron facility in Durant, Oklahoma, driving new initiatives. The management's vision includes increased revenue, improved operational efficiencies, and abundant opportunities for value creation across the merged entity's landscape.

CEO's Vision for the Future

Michael McLaren, the CEO of Safe & Green and a founder of Olenox, has shared an optimistic perspective regarding this merger. He confidently stated, “The fusion of Olenox's extensive oil and gas portfolio with Machfu's state-of-the-art IoT solutions will pave the way for extensive growth in sustainable energy and automation.” This vision illustrates that the future of the combined entity focuses not merely on expansion but also on innovation within the energy sector.

Structure and Approval of the Transaction

The merger is being conducted as a two-step sign-and-close transaction, requiring shareholder approvals and regulatory endorsements. Shareholders of Safe & Green must agree to convert the preferred stock into common shares, ensuring compliance with exchange guidelines and regulatory standards. Details of this agreement are being disclosed in the required filings to the Securities and Exchange Commission, ensuring transparency throughout the process.

About Safe & Green Holdings

Safe & Green Holdings Corp. is a recognized leader in modular solutions, adept at designing and fabricating structures that fulfill the rising need for safe, green solutions across many sectors. The organization lends its support to developers, architects, and builders aiming for sustainable construction practices that enhance both execution speed and building value.

Frequently Asked Questions

What is the purpose of the merger between Safe & Green Holdings and Olenox?

The merger aims to combine strengths in sustainable energy and industrial automation by leveraging Olenox's assets and Machfu's IoT technologies.

What strategic advantages does Olenox bring to the merger?

Olenox brings advanced energy production technologies and a strong focus on revitalizing energy assets, enhancing production while reducing environmental impact.

How does Machfu contribute to the merger?

Machfu contributes cutting-edge industrial IoT solutions, facilitating connectivity between legacy systems and modern infrastructures for enhanced operational efficiency.

What are the expected outcomes of the merger?

The merger is expected to drive revenue growth, operational efficiencies, and create new value opportunities through strategic synergies.

How will the merger be approved?

The merger requires approval from a majority of Safe & Green's shareholders and compliance with Nasdaq and regulatory guidelines before closure.

About The Author

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