---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-009469"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T03:51:38.728124+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 Holdings enters merger to boost equity ~$60M, aims to regain Nasdaq compliance

## Summary
- Entered Agreement and Plan of Merger with New Asia Holdings Inc. (NAHD); NAHD and its subsidiaries Olenox Corp. and Machfu Inc. to become indirect wholly owned subsidiaries.
- Transaction expected to increase stockholders' equity by approximately $60 million, addressing Nasdaq's minimum $2.5 million equity requirement.
- Company is awaiting Nasdaq confirmation of compliance with Listing Rule 5550(b)(1).

## SEC filing metadata
- accession: 0001213900-25-009469
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390025009469/0001213900-25-009469-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390025009469/ea0229729-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-009469
- JSON: https://secwatch.observer/filing/0001213900-25-009469.json
- Plain text: https://secwatch.observer/filing/0001213900-25-009469.txt

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