OLENOX INDUSTRIES INC. (OLOX): Nasdaq/NYSE listing notice — Nasdaq notifies Safe & Green of delisting due to dilution from Series B warrants; company to appeal
OLENOX INDUSTRIES INC.
Nasdaq staff determined to delist SGBX under Rule 5101 over public interest concerns from substantial dilution from Series B warrants issued April 14, 2025.
Company received notification on May 13, 2025; appeal deadline is May 20, 2025; will submit compliance plan to Nasdaq Hearings Panel.
Company also plans to apply for trading on OTCQB market as contingency if delisted.
The delisting basis is additional to any prior deficiencies; Panel will consider at upcoming hearing.
OLENOX INDUSTRIES INC. received a nasdaq delisting notice notice regarding other (rules 5101).
Exchange
nasdaq
Notice
delisting notice
Rules
5101
Exact text from the filing
May 13, 2025, Safe & Green Holdings Corp. (the “Company”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), stating that based on its review of the Company’s public filings with the Securities and Exchange Commission (the “SEC”), its staff has determined to delist the Company’s securities pursuant to its discretionary authority under Listing Rule 5101. Specifically, as set forth in the letter, Nasdaq’s staff determined that the Company’s issuance of securities pursuant to the securities purchase agreement dated April 14, 2025
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