---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-044947"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2025-05-16T23:59:59+00:00"
generated_at: "2026-05-21T02:44:03.939438+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nasdaq notifies Safe & Green of delisting due to dilution from Series B warrants; company to appeal

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-044947
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2025-05-16T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390025044947/0001213900-25-044947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390025044947/ea0242563-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-044947
- JSON: https://secwatch.observer/filing/0001213900-25-044947.json
- Plain text: https://secwatch.observer/filing/0001213900-25-044947.txt

## Key facts
- Listing & Compliance Notices
  OLENOX INDUSTRIES INC. received a nasdaq delisting notice notice regarding other (rules 5101).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Rules: 5101
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390025044947/0001213900-25-044947-index.htm

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