Safe & Green Holdings Corp. (NASDAQ: SGBX) has scheduled its 2025 Annual Meeting of Stockholders for December 29, with a record date of November 21, as the company advances its energy strategy and finalizes the Olenox–Safe & Green merger. The meeting will include a vote on the conversion of preferred shares held by former shareholders of New Asia Holdings Corp. into common shares, completing the second phase of the merger (https://ibn.fm/poklU).
The company is formally shifting away from modular construction to become an integrated energy enterprise. This strategic pivot centers 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 barrels of oil equivalent per day by the end of 2026.
Safe & Green is also expanding its digital capabilities through partnerships with Machfu for industrial IoT systems and OneQode for high-reliability communications infrastructure. These moves align with growing national attention on U.S. energy independence, amid rising demand from data centers, AI infrastructure, and domestic industry.
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. This represents the final step in integrating the Olenox acquisition and solidifying the company’s focus on energy. The company’s strategy is designed to capitalize on increasing demand for domestic energy sources, driven by technological advancements and industrial growth.
The annual meeting will be a pivotal event for Safe & Green Holdings as it transitions from a modular construction firm to a diversified energy company. The successful completion of the merger and the initiation of the drilling program are expected to position the company for growth in the energy sector. Investors can find the latest news and updates on SGBX in the company’s newsroom (https://ibn.fm/SGBX).
