---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-109286"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T02:42:09.815831+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Safe & Green Holdings receives Nasdaq bid price deficiency notice

## Summary
- Received Nasdaq notice on Dec 12, 2024 for failing $1.00 minimum bid for 30 consecutive business days.
- Has until June 10, 2025 to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not compliant by June 10, 2025, may qualify for additional 180-day cure period.
- Company considering reverse stock split but no assurance of regaining compliance.
- Stock continues trading on Nasdaq Capital Market under SGBX; no immediate delisting.

## SEC filing metadata
- accession: 0001213900-24-109286
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390024109286/0001213900-24-109286-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390024109286/ea0224928-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-109286
- JSON: https://secwatch.observer/filing/0001213900-24-109286.json
- Plain text: https://secwatch.observer/filing/0001213900-24-109286.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: December 12, 2024, Safe & Green Holdings Corp. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the preceding 30 consecutive business days (October 30, 2024 through December 11, 2024), the Company’s common stock did not maintain a minimum closing bid price of $1.00 per share (the “Minimum Bid Price Requirement”) 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 trade on
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390024109286/0001213900-24-109286-index.htm

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