Safe & Green restructures April warrants into Series B preferred to address Nasdaq concerns

OLENOX INDUSTRIES INC.

Exchange of ~204M Series A and ~765M Series B warrants for 60,000 shares of new Series B Convertible Preferred Stock, $1,000 stated value.
Conversion price is $0.392 per share; voting capped at 19.99% unless stockholder approval is obtained.
Company commits to cease dilutive financing and pursue non-dilutive funding; seeks stockholder approval at special meeting on August 25, 2025.
Registration rights agreement requires resale registration statement by July 28, 2025; liquidated damages waived if effective by July 31, 2025.
Existing prefunded warrants and common shares from April financing retained; holding period tacks to warrants under Rule 144.

item 1.01item 3.02item 5.03item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.