OLENOX INDUSTRIES INC. (OLOX): Nasdaq/NYSE listing notice — Safe & Green regains Nasdaq compliance, plans SG DevCo spin-off

OLENOX INDUSTRIES INC.

Regained Nasdaq minimum bid price compliance after closing bid ≥$1.00 for 10 consecutive days.
Planned spin-off of Safe & Green Development Corp (SG DevCo) as standalone Nasdaq-listed company expected in coming weeks.
Distribution of 30% of SG DevCo shares to current SGBX shareholders.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

OLENOX INDUSTRIES INC. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

July 20, 2023, Safe & Green Holdings Corp. (the “Company”) received a notice (the “Notification Letter”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Staff has determined that for 10 consecutive business days, from July 6, 2023 to July 19, 2023, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, the Staff has determined that the Company has regained compliance with Listing Rule 5550(a)(2) and has indicated that the matter is now closed. On July 21, 2023, th

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OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-058939

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