Safe & Green Holdings Shifts to Energy Focus, Sets December 29 Annual Meeting for Key Merger Vote

Safe & Green Holdings Corp. (NASDAQ: SGBX) has scheduled its 2025 Annual Meeting of Stockholders for December 29, 2025, marking a pivotal moment as the company completes its strategic transformation into an energy-focused enterprise. The Texas-based holding company has fixed November 21 as the record date for determining stockholders eligible to vote at the upcoming meeting, according to company documentation available at https://ibn.fm/poklU.

A central agenda item involves shareholder approval enabling former shareholders of New Asia Holdings to convert their non-voting preferred shares into common stock, representing the final phase of the Olenox-Safe & Green merger. This vote completes the integration process that began earlier this year and solidifies the company's restructured ownership framework.

The annual meeting coincides with Safe & Green's formal strategic shift away from its previous focus on modular construction toward becoming an integrated energy enterprise. The company is now centering its operations around Olenox's established divisions in oil, gas, services, and energy technologies. This transformation positions the company to capitalize on growing opportunities in the domestic energy sector.

Olenox 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 represents a significant scaling of operations and reflects the company's confidence in its energy assets and market positioning.

Complementing its traditional energy operations, Safe & Green is expanding its digital capabilities through strategic partnerships with technology firms. The company has partnered with Machfu for industrial IoT systems implementation and with OneQode for high-reliability communications infrastructure. These technological enhancements are designed to improve operational efficiency and data management across the company's expanding energy portfolio.

The company's strategic realignment comes amid growing national attention on U.S. energy independence, driven by increasing demand from data centers, artificial intelligence infrastructure, and domestic industrial expansion. Safe & Green's transformation positions it to potentially benefit from these macroeconomic trends while contributing to domestic energy production capacity.

Investors and stakeholders can access the latest company developments and updates through the company's dedicated newsroom at https://ibn.fm/SGBX. The December 29 annual meeting represents a critical milestone in Safe & Green's evolution from a modular construction specialist to a diversified energy enterprise with both traditional and digital energy capabilities.