---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-058939"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T03:53:45.992416+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Safe & Green regains Nasdaq compliance, plans SG DevCo spin-off

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-058939
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023058939/0001213900-23-058939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023058939/ea182156-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-058939
- JSON: https://secwatch.observer/filing/0001213900-23-058939.json
- Plain text: https://secwatch.observer/filing/0001213900-23-058939.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023058939/0001213900-23-058939-index.htm

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