Safe & Green Holdings to Finalize Strategic Shift to Energy Sector Through Olenox-Machfu Merger

Safe & Green Holdings Corp. (NASDAQ: SGBX) will hold its 2025 Annual Meeting of Stockholders on December 29, 2025, with a key agenda item being shareholder approval for New Asia Holdings Corp. to convert preferred shares into common stock, thereby finalizing the Olenox-Machfu merger. This merger represents a fundamental strategic shift for the company, moving away from its traditional modular construction focus to become an integrated energy company. CEO Michael McLaren emphasized that this transition ushers in a new phase for the organization, with a renewed focus on industrial builds, AI data centers, and crypto mining infrastructure.

The company is consolidating its operations in Conroe, Texas, while Olenox is actively deploying AI-driven well optimization technologies and preparing for its first drilling project scheduled for late 2025 under an expanded energy program. This strategic pivot positions Safe & Green Holdings to capitalize on emerging opportunities in the energy sector, particularly in areas requiring sophisticated technological integration. The timing of this transformation coincides with increasing global demand for energy infrastructure that supports digital transformation and artificial intelligence applications.

In parallel with this strategic shift, Safe & Green Holdings announced an Open Collaborative Framework partnership with global technology firm OneQode to enhance digital infrastructure capabilities. This partnership underscores the company's commitment to building comprehensive solutions that bridge energy and technology sectors. The combination of energy expertise through the Olenox-Machfu merger and technological partnerships creates a unique positioning in the market for integrated energy and digital infrastructure solutions.

The implications of this strategic transformation extend beyond corporate restructuring, representing a significant response to evolving market demands for energy solutions that power next-generation technologies. As industries increasingly rely on AI and cryptocurrency mining operations, the need for reliable, efficient energy infrastructure becomes paramount. Safe & Green Holdings' repositioning addresses this growing market need while leveraging its existing capabilities in modular construction to create scalable energy solutions. The company's latest developments and updates are available in their newsroom at https://ibn.fm/SGBX, providing ongoing transparency about this corporate evolution.