OLENOX INDUSTRIES INC. (OLOX): M&A transaction — Safe & Green acquires Giant Group America for $3.5M; adds modular container building business

OLENOX INDUSTRIES INC.

Purchase price $3.5M: $1M cash, $750k in 215k shares of SGBX stock, $1.75M promissory note at 5% interest.
Target has $5M in current contracts and ~$22.5M in projects under review/proposal.
Daniel Kroft hired as VP of Business Development at $250k base salary effective Jan 1, 2026.
Closing occurred Dec 18, 2025; Giant becomes wholly owned subsidiary.
Promissory note repayable in quarterly installments over 24 months starting April 15, 2026.

item 2.01 item 2.03 item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

OLENOX INDUSTRIES INC. completed an acquisition involving Daniel Kroft for $3,500,000 (closed 2025-12-18).

Action: acquisition
Counterparty: Daniel Kroft
Consideration: $3,500,000
Closing: 2025-12-18

Exact text from the filing

Giant Containers Inc. (the “Subsidiary”), as a designer and seller of innovative modular shipping container buildings. The purchase price for the acquisition of Giant is $3,500,000 (the “Purchase Price”). The transaction includes the acquisition of Giant’s existing customers and business pipeline, with $5,000,000 of contracts currently under contract and

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32 m&a transactions filed in the last 30 days. Browse all m&a transactions →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-25-123494

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