Safe & Green Holdings 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. This action completes the Olenox-Machfu merger that fundamentally shifts Safe & Green from a modular construction company to an integrated energy company. The strategic transformation marks a significant pivot in the company's business model and future direction.
CEO Michael McLaren emphasized that this move ushers in a new phase for the company focused on industrial builds, artificial intelligence data centers, and cryptocurrency mining infrastructure. The transition represents a comprehensive restructuring of the company's operational focus and market positioning. As part of this consolidation, the company is centralizing operations in Conroe, Texas, while Olenox deploys AI-driven well optimization technology and prepares its first drilling project for late 2025 under an expanded energy program.
The company simultaneously announced an Open Collaborative Framework partnership with global technology firm OneQode to enhance digital infrastructure capabilities. This partnership aligns with the company's new strategic direction toward technology-intensive energy and infrastructure projects. Additional information about the company's developments can be found in their newsroom at https://ibn.fm/SGBX. The full details of the strategic shift and merger completion are available in the official press release at https://ibn.fm/sm6Am.
This transformation positions Safe & Green Holdings to capitalize on emerging opportunities in the energy and technology sectors, particularly in AI data centers and cryptocurrency infrastructure. The integration of Olenox's energy expertise with the company's existing capabilities creates a diversified entity capable of addressing multiple high-growth market segments. The strategic realignment reflects broader industry trends toward integrated energy solutions and digital infrastructure development.
