---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-085553"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T04:34:01.618398+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Safe & Green Holdings receives Nasdaq deficiency notice for bid price below $1.00

## Summary
- Notice received Nov 7, 2023; stock failed to maintain $1.00 minimum bid for 30 consecutive business days.
- Company has 180 calendar days, until May 6, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2).
- Compliance can be achieved if closing bid price is $1.00 or higher for at least ten consecutive business days.
- If not compliant by May 6, 2024, company may be eligible for additional time if it meets other listing standards.
- Intends to consider options including a reverse stock split to cure deficiency.

## SEC filing metadata
- accession: 0001213900-23-085553
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023085553/0001213900-23-085553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023085553/ea188128-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-085553
- JSON: https://secwatch.observer/filing/0001213900-23-085553.json
- Plain text: https://secwatch.observer/filing/0001213900-23-085553.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: November 7, 2023, Safe & Green Holdings Corp. (the “Company”) received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the preceding 30 consecutive business days (September 26, 2023 through November 6, 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 tr
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023085553/0001213900-23-085553-index.htm

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