---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-041551"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T19:07:54.484773+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safe & Green receives Nasdaq minimum bid price deficiency notice; 180-day cure until Nov 13, 2023

## Summary
- Nasdaq notice on May 17, 2023 for failure to maintain $1.00 minimum bid price for 30 consecutive business days (Apr 4 - May 16, 2023).
- Company has 180 calendar days, until November 13, 2023, to regain compliance by closing bid price >= $1.00 for 10 consecutive business days.
- If not compliant by Nov 13, may be eligible for a second compliance period if meeting other listing requirements; considering reverse stock split option.
- No immediate impact on listing; common stock continues trading on Nasdaq Capital Market under symbol SGBX.

## SEC filing metadata
- accession: 0001213900-23-041551
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023041551/0001213900-23-041551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023041551/ea178955-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-041551
- JSON: https://secwatch.observer/filing/0001213900-23-041551.json
- Plain text: https://secwatch.observer/filing/0001213900-23-041551.txt

## Key facts
- Listing & Compliance Notices
  OLENOX INDUSTRIES INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: May 17, 2023, Safe & Green Holdings Corp. (the “Company”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the preceding 30 consecutive business days (April 4, 2023 through May 16, 2023), the Company’s common stock did not maintain a minimum closing bid price of $1.00 (“Minimum Bid Price Requirement”) per share as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing or trading of the Company’s common stock and the common stock will continue to trade on The Nasdaq
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023041551/0001213900-23-041551-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.