Safe & Green Holdings Corp. effects 1-for-20 reverse stock split effective May 2, 2024

OLENOX INDUSTRIES INC.

Reverse stock split ratio of 1-for-20 approved by Board on April 24, 2024, effective 12:01 a.m. ET May 2, 2024.
No fractional shares issued; cash payment based on average closing price for 10 days preceding effective time.
Outstanding stock options and warrants adjusted proportionately with exercise prices increased accordingly.
Common stock continues trading under symbol SGBX with new CUSIP 78418A604.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

OLENOX INDUSTRIES INC.: Filed an amendment to its Amended and Restated Certificate of Incorporation to effect a 1-for-20 reverse stock split, effective May 2, 2024 (effective 2024-05-02).

Change: charter amendment
Effective: 2024-05-02

Exact text from the filing

On May 1, 2024, Safe & Green Holdings Corp., a Delaware corporation (the “Company”), filed an amendment (the “Amendment”) to its Amended and Restated Certificate of Incorporation (the “Restated Certificate”) with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s common stock, par value $0.01 (the “Common Stock”), at a ratio of 1-for-20 (the “Reverse Stock Split”), with an effective time of 12:01 a.m. Eastern Time on May 2, 2024 (the “Effective Time”).

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Source: SEC EDGAR

accession 0001213900-24-038744

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