Safe & Green closes merger with New Asia Holdings, issues 4M convertible preferred shares

OLENOX INDUSTRIES INC.

Merger closed on Feb 13, 2025; NAHD becomes indirect wholly owned subsidiary of SGBX.
Consideration: 4M Series A non-voting convertible preferred shares issued to NAHD shareholders.
Each preferred share converts into 15 common shares, subject to common stockholder approval.
All closing conditions under the Merger Agreement were satisfied or waived prior to closing.

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