secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001213900-23-085553
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023085553/0001213900-23-085553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023085553/ea188128-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-085553

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