Safe & Green signs binding LOI to acquire New Asia Holdings (Olenox/Machfu) in stock deal

OLENOX INDUSTRIES INC.

Acquires 100% of NAHD; SGBX shares valued at $1.00 per share, NAHD at $0.20 per share for exchange.
Acquisition includes Olenox (oil & gas production, energy services, tech) and Machfu (industrial IoT platform).
Olenox grew production from 113 to projected 700 BOE/day; Machfu has over 20,000 gateways deployed.
Michael McLaren (CEO of SGBX and officer of NAHD/OLOX) becomes Chairman; Paul Galvin remains on board.
Transaction subject to due diligence, definitive agreements, and regulatory approvals; LOI can be terminated after Jan 28, 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.