Safe and Green Holdings (NASDAQ: SGBX), a diversified holding company, is set to close 2025 with a Dec. 29 shareholder meeting centered on defining the company’s next phase in the U.S. energy market. “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,” reads a recent article. “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.”
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