Safe & Green Holdings Sets December 29 Annual Meeting to Finalize Olenox Merger and Advance Energy Strategy

Safe & Green Holdings Corp. (NASDAQ: SGBX) has scheduled its 2025 Annual Meeting of Stockholders for December 29, 2025, with a November 21 record date for determining voting eligibility. The Texas-based company is using this meeting to complete its strategic transformation from a modular construction business to an integrated energy enterprise focused on oil, gas services, and energy technologies.

A key agenda item for the December meeting involves shareholder approval to enable former shareholders of New Asia Holdings to convert their non-voting preferred shares into common stock. This conversion represents the final phase of the Olenox–Safe & Green merger, solidifying the company's new direction in the energy sector. The merger integration positions Safe & Green to leverage Olenox's established operations across oil production, gas services, and energy technology divisions.

The company is launching an aggressive drilling program beginning in the fourth quarter of 2025, with ambitious production targets of reaching 1,000 barrels of oil equivalent per day by the end of 2026. This expansion comes at a time when national attention on U.S. energy independence is growing, driven by increasing demand from data centers, artificial intelligence infrastructure, and domestic industrial operations.

Beyond traditional energy production, Safe & Green is expanding its digital capabilities through strategic partnerships. The company has partnered with Machfu to implement industrial IoT systems that will enhance operational efficiency and monitoring across its energy assets. Additionally, the collaboration with OneQode will provide high-reliability communications infrastructure critical for modern energy operations and digital transformation initiatives.

The strategic shift aligns with broader market trends where energy companies are adapting to serve the power requirements of technology infrastructure, particularly data centers supporting AI and cloud computing. This transition positions Safe & Green to capitalize on the intersection of traditional energy production and digital infrastructure needs. The company's comprehensive approach combines physical energy assets with digital monitoring and communication systems, creating what management describes as an integrated energy enterprise capable of meeting contemporary energy challenges.

Stockholder approval at the December 29 meeting will finalize the corporate restructuring that began with the Olenox acquisition. The conversion of preferred shares represents the last major step in fully integrating the two companies under the Safe & Green Holdings corporate structure. This completed integration will enable the unified company to pursue its expanded energy strategy with a consolidated shareholder base and streamlined corporate governance.

The timing of this strategic pivot coincides with increased focus on domestic energy production capabilities as industries across the United States face growing power demands. Safe & Green's transformation from modular construction to energy services reflects the evolving landscape of American industrial priorities, where reliable energy supply has become increasingly critical for economic stability and technological advancement.