---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-003259"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2025-01-14T23:59:59+00:00"
generated_at: "2026-05-28T01:38:20.901400+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-003259
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2025-01-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390025003259/0001213900-25-003259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390025003259/ea0227602-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-003259
- JSON: https://secwatch.observer/filing/0001213900-25-003259.json
- Plain text: https://secwatch.observer/filing/0001213900-25-003259.txt

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