Safe & Green Holdings Corp. (NASDAQ: SGBX) Sets December 29 Annual Meeting as It Advances Energy Strategy and Finalizes Olenox–Safe & Green Merger
- The energy-focused holding company has scheduled its 2025 Annual Meeting of Stockholders for December 29, 2025, with a record date of November 21.
- A key agenda item is shareholder approval enabling the former shareholders of New Asia Holdings to convert preferred shares into common stock, completing the second phase of the Olenox–Safe & Green merger.
- The company is formally shifting away from modular construction to become an integrated energy enterprise, centered on Olenox’s oil, gas, services, and technologies divisions.
- Olenox is launching an aggressive drilling program beginning in Q4 2025, with ambitions to reach 1,000 BOE/day by the end of 2026.
- Safe & Green is expanding its digital capabilities through partnerships with Machfu for industrial IoT systems and OneQode for high-reliability communications infrastructure.
- The company’s strategy aligns with growing national attention on U.S. energy independence, amid rising demand from data centers, AI infrastructure, and domestic industry.
Safe & Green Holdings (NASDAQ: SGBX), a diversified holding company, will close 2025 with a shareholder meeting centered on defining the company’s next phase in the U.S. energy market. The firm announced that its 2025 Annual Meeting of Stockholders will take place on December 29. The Board of Directors has fixed the close of business on November 21 as the record date for determining those stockholders who are entitled to vote at the 2025 Annual Meeting (https://nnw.fm/qBMie ).
The meeting is expected to be a significant one for the Texas-based company. Stockholders will vote on the approval enabling the former shareholders of New Asia Holdings Corp. to convert their non-voting preferred shares into common shares, a move representing the final step in integrating Olenox Corp. and Machfu, Inc. into Safe & Green’s corporate structure.
CEO Michael McLaren said the completion of the merger would formalize the company’s shift from its former modular construction identity into a fully integrated energy company. “This final task in the merger of the two companies will mark a new beginning for the corporation, shifting away from modular home construction and into an integrated energy company with a strong container build business focusing on industrial builds such as generator sets, AI data centers and crypto currency miners,” McLaren noted.
Safe & Green’s transition into the energy sector reflects a broader industry trend, as domestic producers face renewed calls to strengthen U.S. energy independence. Rising consumption from AI compute clusters, advanced manufacturing facilities, and commercial data centers has intensified national concerns around reliable and flexible energy supply.
Through Olenox Corp., Safe & Green has assembled a vertically integrated structure intended to operate across the full lifecycle of an energy asset. Olenox’s activities are concentrated in Texas, Oklahoma, and Kansas, regions with substantial legacy well infrastructure and distressed fields that hold untapped reserves.
The company’s structure follows three integrated business units:
- Olenox Oil & Gas – Acquires and revitalizes neglected or distressed oil and gas properties, bringing dormant wells back into operation.
- Olenox Oilfield Services – Provides reclamation, abandonment, and maintenance work for both internal projects and outside clients.
- Olenox Technologies – Develops and deploys proprietary tools, including plasma pulse and ultrasonic wellbore cleaning technologies designed to increase recovery rates.
Olenox’s business model aims to extract value from underutilized legacy wells, an approach that can offer lower-cost production relative to new drilling and reduced environmental impact. Many wells in its portfolio were deactivated during prior market downturns, giving the company an opportunity to reactivate them with modern technology and targeted capital investment.
As part of the merger, Safe & Green is incorporating technologies from Machfu, a provider of secure industrial IoT systems. Machfu’s Edge to Enterprise(R) platform allows remote field devices to feed operational data into cloud-based analytics, providing real-time visibility into well pressures, flow rates, equipment temperatures, and other critical metrics.
This digital infrastructure reduces manual field visits and enables more timely operational decisions, supporting the company’s focus on efficiency and safety. The platform’s ability to operate on private, secure networks also reinforces the firm’s environmental and operational risk management framework.
Safe & Green is additionally working under an Open Collaborative Framework with OneQode, a global digital infrastructure company. The partnership took on new relevance after a recent global AWS outage exposed the vulnerability of traditional cloud-dependent systems. Olenox intends to use OneQode’s network architecture to ensure stable two-way communication between remote wellsites and centralized command systems.
Olenox Energy announced that it is preparing for an aggressive drilling campaign beginning in the fourth quarter of 2025. Initial reviews have begun on drilling locations across its leases in Texas, Kansas, and Oklahoma. The company’s goal is to complete one new drilling project by year-end and expand to a larger slate of wells in 2026. McLaren stated that Olenox aims to reach 1,000 BOE per day by the end of 2026, combining output from revitalized legacy wells, new drilling, and targeted acquisitions.
Additionally, Safe & Green is consolidating its operational footprint in Conroe, Texas, centralizing manufacturing, logistics, and administrative operations. This consolidation is part of the company’s effort to streamline post-merger workflows and position itself near major energy corridors.
The integration of Olenox’s technology, services, and E&P activities is expected to create operational efficiencies as Safe & Green moves toward a unified energy development strategy. With rising U.S. energy demand, particularly from AI workloads and industrial electrification, the company’s focus on optimizing existing resources and deploying digital oversight tools places it within a growing segment of the American energy economy.
For more information, visit the company’s website at www.SafeandGreenHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to SGBX are available in the company’s newsroom at https://nnw.fm/SGBX
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
- The energy-focused holding company has scheduled its 2025 Annual Meeting of Stockholders for December 29, 2025, with a record date of November 21.
- A key agenda item is shareholder approval enabling the former shareholders of New Asia Holdings to convert preferred shares into common stock, completing the second phase of the Olenox–Safe & Green merger.
- The company is formally shifting away from modular construction to become an integrated energy enterprise, centered on Olenox’s oil, gas, services, and technologies divisions.
- Olenox is launching an aggressive drilling program beginning in Q4 2025, with ambitions to reach 1,000 BOE/day by the end of 2026.
- Safe & Green is expanding its digital capabilities through partnerships with Machfu for industrial IoT systems and OneQode for high-reliability communications infrastructure.
- The company’s strategy aligns with growing national attention on U.S. energy independence, amid rising demand from data centers, AI infrastructure, and domestic industry.
Safe & Green Holdings (NASDAQ: SGBX), a diversified holding company, will close 2025 with a shareholder meeting centered on defining the company’s next phase in the U.S. energy market. The firm announced that its 2025 Annual Meeting of Stockholders will take place on December 29. The Board of Directors has fixed the close of business on November 21 as the record date for determining those stockholders who are entitled to vote at the 2025 Annual Meeting (https://nnw.fm/qBMie ).
The meeting is expected to be a significant one for the Texas-based company. Stockholders will vote on the approval enabling the former shareholders of New Asia Holdings Corp. to convert their non-voting preferred shares into common shares, a move representing the final step in integrating Olenox Corp. and Machfu, Inc. into Safe & Green’s corporate structure.
CEO Michael McLaren said the completion of the merger would formalize the company’s shift from its former modular construction identity into a fully integrated energy company. “This final task in the merger of the two companies will mark a new beginning for the corporation, shifting away from modular home construction and into an integrated energy company with a strong container build business focusing on industrial builds such as generator sets, AI data centers and crypto currency miners,” McLaren noted.
Safe & Green’s transition into the energy sector reflects a broader industry trend, as domestic producers face renewed calls to strengthen U.S. energy independence. Rising consumption from AI compute clusters, advanced manufacturing facilities, and commercial data centers has intensified national concerns around reliable and flexible energy supply.
Through Olenox Corp., Safe & Green has assembled a vertically integrated structure intended to operate across the full lifecycle of an energy asset. Olenox’s activities are concentrated in Texas, Oklahoma, and Kansas, regions with substantial legacy well infrastructure and distressed fields that hold untapped reserves.
The company’s structure follows three integrated business units:
- Olenox Oil & Gas – Acquires and revitalizes neglected or distressed oil and gas properties, bringing dormant wells back into operation.
- Olenox Oilfield Services – Provides reclamation, abandonment, and maintenance work for both internal projects and outside clients.
- Olenox Technologies – Develops and deploys proprietary tools, including plasma pulse and ultrasonic wellbore cleaning technologies designed to increase recovery rates.
Olenox’s business model aims to extract value from underutilized legacy wells, an approach that can offer lower-cost production relative to new drilling and reduced environmental impact. Many wells in its portfolio were deactivated during prior market downturns, giving the company an opportunity to reactivate them with modern technology and targeted capital investment.
As part of the merger, Safe & Green is incorporating technologies from Machfu, a provider of secure industrial IoT systems. Machfu’s Edge to Enterprise(R) platform allows remote field devices to feed operational data into cloud-based analytics, providing real-time visibility into well pressures, flow rates, equipment temperatures, and other critical metrics.
This digital infrastructure reduces manual field visits and enables more timely operational decisions, supporting the company’s focus on efficiency and safety. The platform’s ability to operate on private, secure networks also reinforces the firm’s environmental and operational risk management framework.
Safe & Green is additionally working under an Open Collaborative Framework with OneQode, a global digital infrastructure company. The partnership took on new relevance after a recent global AWS outage exposed the vulnerability of traditional cloud-dependent systems. Olenox intends to use OneQode’s network architecture to ensure stable two-way communication between remote wellsites and centralized command systems.
Olenox Energy announced that it is preparing for an aggressive drilling campaign beginning in the fourth quarter of 2025. Initial reviews have begun on drilling locations across its leases in Texas, Kansas, and Oklahoma. The company’s goal is to complete one new drilling project by year-end and expand to a larger slate of wells in 2026. McLaren stated that Olenox aims to reach 1,000 BOE per day by the end of 2026, combining output from revitalized legacy wells, new drilling, and targeted acquisitions.
Additionally, Safe & Green is consolidating its operational footprint in Conroe, Texas, centralizing manufacturing, logistics, and administrative operations. This consolidation is part of the company’s effort to streamline post-merger workflows and position itself near major energy corridors.
The integration of Olenox’s technology, services, and E&P activities is expected to create operational efficiencies as Safe & Green moves toward a unified energy development strategy. With rising U.S. energy demand, particularly from AI workloads and industrial electrification, the company’s focus on optimizing existing resources and deploying digital oversight tools places it within a growing segment of the American energy economy.
For more information, visit the company’s website at www.SafeandGreenHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to SGBX are available in the company’s newsroom at https://nnw.fm/SGBX
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
