Safe & Green(SGBX)
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Morning Market Movers: SGML, SGBX, VCIG, VRA See Big Swings
RTTNews· 2025-11-19 12:17
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Sigma Lithium Corporation (SGML) is up 31% at $10.21 [3] - Safe & Green Holdings Corp. (SGBX) is up 22% at $4.17 [3] - VCI Global Limited (VCIG) is up 15% at $1.18 [3] - Vera Bradley, Inc. (VRA) is up 13% at $3.27 [3] - TMC the metals company Inc. (TMC) is up 8% at $5.88 [3] - DDC Enterprise Limited (DDC) is up 6% at $4.74 [3] - Relmada Therapeutics, Inc. (RLMD) is up 6% at $4.55 [3] - Tonix Pharmaceuticals Holding Corp. (TNXP) is up 5% at $17.18 [3] - Viewbix Inc. (VBIX) is up 5% at $2.10 [3] - Penguin Solutions, Inc. (PENG) is up 4% at $18.98 [3] Premarket Losers - Aimei Health Technology Co., Ltd (AFJK) is down 10% at $9.40 [4] - Gauzy Ltd. (GAUZ) is down 8% at $2.15 [4] - Wix.com Ltd. (WIX) is down 7% at $116.87 [4] - Diginex Limited (DGNX) is down 7% at $14.99 [4] - Okeanis Eco Tankers Corp. (ECO) is down 6% at $36.85 [4] - Olema Pharmaceuticals, Inc. (OLMA) is down 6% at $18.89 [4] - KULR Technology Group, Inc. (KULR) is down 6% at $2.52 [4] - Movano Inc. (MOVE) is down 5% at $10.54 [4] - Core AI Holdings (CHAI) is down 4% at $2.16 [4] - ARB IOT Group Limited (ARBB) is down 3% at $5.74 [4]
Safe & Green(SGBX) - 2025 Q3 - Quarterly Report
2025-11-14 00:14
Company Operations - Safe & Green Holdings Corp. operates in four segments: construction, medical, oil and gas, and environmental[332]. - The company generated revenue from medical testing and is focusing on establishing a national presence in the medical segment through Safe & Green Medical Corporation[333]. - In 2024, the company acquired Olenox Corp., which specializes in revitalizing underdeveloped energy assets, leading to significant production growth in the oil and gas sector[334]. - The company is focused on utilizing patented technology for biomedical waste management through SG Environmental Solutions Corp.[333]. - The company has increased control over manufacturing processes since acquiring Echo DCL, LLC, enhancing product offerings[333]. Financial Performance - Total revenue for the nine months ended September 30, 2025, was $2,338,870, a decrease of approximately 41% compared to $3,932,592 for the same period in 2024[371]. - Cost of revenue increased by approximately 10%, totaling $3,965,265 for the nine months ended September 30, 2025, compared to $3,618,031 for the same period in 2024[373]. - Total operating loss for the nine months ended September 30, 2025, was $8,027,488, compared to a loss of $5,021,927 for the same period in 2024[371]. - Net loss attributable to common stockholders for the nine months ended September 30, 2025, was $12,636,410, compared to $12,094,545 for the same period in 2024[371]. - Gross loss for the nine months ended September 30, 2025, was $(1,626,395), compared to a gross income of $314,561 for the same period in 2024, resulting in a gross profit margin percentage decrease to (70)% from 8%[374]. - Total revenue for the three months ended September 30, 2025, was $1,051,165, a decrease of $702,058 or approximately 40% compared to $1,753,223 for the same period in 2024, primarily due to fewer construction jobs in progress[379]. - Operating expenses for the nine months ended September 30, 2025, were $6,401,093, an increase from $5,336,488 in the same period in 2024, driven by higher general and administrative expenses[376]. - Other income for the nine months ended September 30, 2025, was $2,592,979, significantly higher than $186,634 for the same period in 2024, due to a legal settlement and employee retention credits[377]. - Net cash used in operating activities for the nine months ended September 30, 2025, was $(3,817,995), a decrease of approximately $6,097,921 compared to $(9,915,916) for the same period in 2024[393]. - The company recognized a loss on conversion of notes payable amounting to $4,915,209 during the three months ended September 30, 2025[384]. - Total operating loss for the three months ended September 30, 2025, was $(2,507,726), compared to $(2,241,085) for the same period in 2024[378]. - The company had an accumulated deficit of $111,168,493 as of September 30, 2025, compared to $98,532,083 as of December 31, 2024[391]. - EBITDA for the nine months ended September 30, 2025, was $(10,142,715), compared to $(9,499,718) for the same period in 2024, reflecting a decline of approximately 6.8%[412]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $(4,597,052), compared to $(3,181,429) for the same period in 2024, representing a decrease of approximately 44.4%[412]. Debt and Financing - The company entered into a Cash Advance Agreement on January 22, 2025, selling future receivables of $104,930 for a net amount of $63,000[336]. - A promissory note was issued on January 22, 2025, for $143,750 with a twelve percent interest rate, requiring monthly payments starting February 28, 2025[337]. - On February 12, 2025, the company executed a promissory note for $360,000, purchased for $300,000, with a fifteen percent annual interest rate[338][339]. - The company issued a promissory note for up to $1,875,000 on March 6, 2025, with a twenty-five percent original issue discount and a twelve percent annual interest rate[345]. - The conversion price for the promissory note issued to Tysadco is set at $0.50 per share, with penalties for events of default including a daily penalty of $500[345]. - The Company executed and issued a Promissory Note in favor of GS Capital Partners, LLC for an aggregate principal amount of $360,000[347]. - The Note purchased by GSA had an original issue discount of $60,000, with a guaranteed interest of $54,000 for the first twelve months[348]. Market and Compliance - The Company plans to apply for trading on the OTCQB market to address the risk of delisting from Nasdaq[361]. - The Nasdaq Hearings Panel granted the Company's request for continued listing on the Nasdaq Capital Market, conditioned on compliance by August 28, 2025[367]. - The Company must effect a reverse stock split and achieve a closing bid price of $1.00 or more per share for at least ten consecutive business days to maintain its listing[367]. Asset Management - The amortization expense for intangible assets for the nine months ended September 30, 2025, was $85,913, compared to $10,251 for the same period in 2024, showing a significant increase of approximately 738%[408]. - The accumulated amortization as of September 30, 2025, was $91,351, up from $63,392 as of December 31, 2024, indicating an increase of approximately 44.1%[408]. - There were no goodwill impairments during the nine months ended September 30, 2025, or 2024, maintaining the carrying value of goodwill[407]. - The company reported a change in fair value of equity-based investments of $5,590,666 for the nine months ended September 30, 2025[412]. - The company’s intangible assets include patents valued at $801,207, which are being recognized over 7 years[408]. - The company applies revenue recognition over time for certain contracts, similar to the percentage of completion method, which may lead to revisions in cost estimates[406].
Safe and Green Holdings Announces Its 2025 Record Date and Annual Shareholders Meeting Date
Globenewswire· 2025-10-28 11:00
Core Points - Safe & Green Holdings Corp. will hold its 2025 Annual Meeting of Stockholders on December 29, 2025, with a record date of November 21, 2025, for voting eligibility [1][2] - A significant agenda item is the approval for New Asia Holdings Corp. shareholders to convert non-voting convertible preferred shares into common stock, completing the merger with Olenox Corp. and Machfu, Inc. [2] - The merger aims to create a diversified company that combines Olenox's energy expertise with Machfu's IIoT technology, enhancing Safe & Green's presence in sustainable infrastructure and energy solutions [3] Company Developments - Olenox Corp., a subsidiary of Safe & Green, focuses on acquiring and revitalizing underdeveloped oil and gas assets in Texas, Oklahoma, and Kansas [3][7] - The merger signifies a strategic shift for Safe & Green from modular home construction to becoming an integrated energy company, emphasizing industrial builds such as generator sets and AI data centers [4] - Safe & Green is consolidating operations in Conroe, Texas, while Olenox implements AI systems to optimize well site operations and reviews drilling sites within its portfolio [5] Future Plans - Olenox plans to initiate an aggressive drilling program, targeting the completion of one drilling project in Q4 2025, with an ambitious agenda for 2026 and beyond [6] - The company has established an Open Collaborative Framework partnership with OneQode, enhancing its technological capabilities in energy services [6][8]
Morning Market Movers: PMI, QLGN, INBX, MOFG See Big Swings
RTTNews· 2025-10-24 11:56
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Qualigen Therapeutics, Inc. (QLGN) increased by 69% to $6.00 - Inhibrx Biosciences, Inc. (INBX) rose by 62% to $46.04 - MidWestOne Financial Group, Inc. (MOFG) gained 33% to $37.87 - Neuphoria Therapeutics Inc. (NEUP) up by 31% to $5.32 - Nextracker Inc. (NXT) increased by 13% to $102.44 - Avalon Holdings Corporation (AWX) rose by 11% to $2.98 - Beyond Meat, Inc. (BYND) up by 9% to $3.12 - SLM Corporation (SLM) increased by 8% to $29.00 - Reborn Coffee, Inc. (REBN) rose by 7% to $2.40 - Oriental Culture Holding LTD (OCG) increased by 5% to $3.55 [3] Premarket Losers - Picard Medical, Inc. (PMI) decreased by 70% to $3.89 - Fusemachines Inc. Common stock (FUSE) down by 17% to $3.29 - American Rebel Holdings, Inc. (AREB) fell by 16% to $3.14 - Armata Pharmaceuticals, Inc. (ARMP) down by 13% to $6.16 - Coya Therapeutics, Inc. (COYA) decreased by 13% to $6.01 - Deckers Outdoor Corporation (DECK) down by 12% to $90.00 - Safe & Green Holdings Corp. (SGBX) fell by 12% to $2.58 - Beasley Broadcast Group, Inc. (BBGI) decreased by 8% to $5.55 - Booz Allen Hamilton Holding Corporation (BAH) down by 7% to $92.73 - Brera Holdings PLC (SLMT) decreased by 6% to $10.67 [4]
IBN Initiates Coverage of Safe and Green Holdings Corp.
Globenewswire· 2025-10-23 16:09
Core Insights - Safe and Green Holdings Corp. is enhancing its corporate communications strategy by partnering with IBN, a financial news and publishing company [1][4] - The company is advancing its energy strategy through its subsidiary Olenox Corp., which focuses on acquiring and reviving underutilized oil and gas assets [2] - Olenox has successfully acquired 111 wells across 1,600 acres and is currently producing 55 barrels of oil per day, with plans for further production increases [2] - Safe and Green Holdings also operates in modular manufacturing, healthcare, and environmental technology, consolidating operations into a new facility in Texas [3][6] Company Operations - Olenox Corp. is a key subsidiary of Safe and Green Holdings, focusing on oil and gas asset revival [2] - The modular manufacturing arm, SG Echo, is streamlining logistics by sharing space with Olenox in Texas [3] - Safe and Green Holdings aims to provide safe and green solutions across various industries through its modular solutions capabilities [6] Strategic Partnerships - IBN will utilize its extensive distribution network, which includes over 5,000 syndication outlets and a large social media following, to enhance awareness for Safe and Green Holdings [4][5] - IBN has over 19 years of experience and has assisted more than 500 client partners, positioning it to effectively reach a broad audience [5][7]
Morning Market Movers: VTYX, SLMT, SGBX, AREB See Big Swings
RTTNews· 2025-10-23 12:22
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - Ventyx Biosciences, Inc. (VTYX) increased by 108% to $8.05 - Brera Holdings PLC (SLMT) rose by 49% to $12.50 - Safe & Green Holdings Corp. (SGBX) gained 39% to $3.18 - American Rebel Holdings, Inc. (AREB) up by 26% to $2.71 - Tango Therapeutics, Inc. (TNGX) increased by 18% to $10.25 - Garrett Motion Inc. (GTX) rose by 14% to $14.30 - ETHZilla Corporation (ETHZ) gained 12% to $17.61 - D-Wave Quantum Inc. (QBTS) increased by 11% to $30.40 - IonQ, Inc. (IONQ) rose by 10% to $61.04 - Megan Holdings Limited (MGN) up by 7% to $2.31 [3] Premarket Losers - Splash Beverage Group, Inc. (SBEV) decreased by 21% to $2.06 - Molina Healthcare, Inc. (MOH) down by 18% to $158.44 - SCHMID Group N.V. (SHMD) fell by 18% to $3.18 - Beyond Meat, Inc. (BYND) decreased by 18% to $2.91 - Agencia Comercial Spirits Ltd (AGCC) down by 16% to $5.07 - Super League Enterprise, Inc. (SLE) fell by 13% to $2.25 - Armata Pharmaceuticals, Inc. (ARMP) decreased by 12% to $5.99 - Applied DNA Sciences, Inc. (BNBX) down by 12% to $4.19 - Ribbon Communications Inc. (RBBN) fell by 12% to $3.49 - Tamboran Resources Corporation (TBN) decreased by 11% to $21.81 [4]
SGBX and Subsidiary Olenox Energy Tout Reliability of Mission-Critical Web Services in Collaborative Partnership with Global Technology Company OneQode
Globenewswire· 2025-10-22 20:05
Core Insights - The recent Amazon Web Services (AWS) outage has exposed vulnerabilities in the technology infrastructure that has been in place for over 25 years, prompting discussions on the need for modernized solutions [2][3] - Safe & Green Holdings Corp. and its subsidiary Olenox Corp. have partnered with OneQode to create an Open Collaborative Framework (OCF) aimed at enhancing infrastructure capabilities and operational efficiency [1][3] Company Overview - Safe & Green Holdings Corp. is a provider of modular construction and sustainable infrastructure solutions, serving various industries including healthcare, education, energy, and government [4] - Olenox Corp. operates as a vertically integrated energy company, focusing on oil and gas, energy services, and energy technologies, optimizing underdeveloped assets in Texas, Kansas, and Oklahoma [5] - OneQode specializes in infrastructure-as-a-service (IaaS), offering high-performance networking and digital infrastructure solutions, emphasizing low-latency routing and secure technology systems [6] Partnership Details - The OCF partnership between Olenox and OneQode aims to combine advanced technology with operational expertise to support infrastructure, automation, and production optimization [3][4] - The collaboration is expected to lead to future joint infrastructure projects and co-development of solutions tailored for the energy sector [3]
SGBX Subsidiary Olenox Energy Announces an Aggressive Drilling Agenda Slated to Begin Q4 2025 and Expand Throughout 2026
Globenewswire· 2025-10-20 12:30
Core Insights - Olenox Corp, a subsidiary of Safe & Green Holdings Corp, has initiated the review of multiple drilling sites within its oil and gas portfolio [1][2] - The company plans to implement an aggressive drilling program, targeting the completion of one drilling project in Q4 2025, with further plans for 2026 and beyond [2][3] - Olenox aims to achieve a production goal of 1,000 barrels of oil equivalent (BOE) per day by the end of 2026 through legacy wellsite revitalization, drilling, and acquisitions [3] Company Overview - Olenox Corp operates as a vertically integrated energy company with three divisions: Oil and Gas, Energy Services, and Energy Technologies [5] - The company focuses on acquiring and optimizing underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma, while enhancing field operations with specialized services and proprietary technologies [5] - Olenox's integrated model is designed to drive efficiency, increase production, and unlock value across the energy lifecycle, positioning the company to capitalize on opportunities often overlooked by traditional operators [5] Future Outlook - The CEO of Olenox Corp expressed optimism about the company's future, highlighting the expected increase in oil production and a focus on container builds for manufacturing [4]
Morning Market Movers: ARTV, AREB, AKAN, KXR See Big Swings
RTTNews· 2025-10-17 11:39
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Artiva Biotherapeutics, Inc. (ARTV) has increased by 124% to $6.22 [3] - Akanda Corp. (AKAN) is up 39% at $3.10 [3] - Kezar Life Sciences, Inc. (KZR) has risen 38% to $5.80 [3] - Carbon Revolution Public Limited Company (CREV) is also up 38% at $5.15 [3] - Safe & Green Holdings Corp. (SGBX) has increased by 28% to $3.96 [3] - Achieve Life Sciences, Inc. (ACHV) is up 23% at $3.80 [3] - Revolution Medicines, Inc. (RVMD) has risen 8% to $53.90 [3] - Erayak Power Solution Group Inc. (RAYA) is up 8% at $5.76 [3] - ProQR Therapeutics N.V. (PRQR) has increased by 7% to $3.00 [3] - Bio Green Med Solution, Inc. (BGMS) is up 6% at $4.04 [3] Premarket Losers - American Rebel Holdings, Inc. (AREB) has decreased by 41% to $2.09 [4] - Sadot Group Inc. (SDOT) is down 25% at $5.35 [4] - AVITA Medical, Inc. (RCEL) has fallen 24% to $4.04 [4] - Soluna Holdings, Inc. (SLNH) is down 23% at $3.22 [4] - American Battery Technology Company (ABAT) has decreased by 17% to $4.70 [4] - CID HoldCo, Inc. (DAIC) is down 17% at $2.16 [4] - Pinnacle Food Group Limited (PFAI) has fallen 12% to $3.12 [4] - OnKure Therapeutics, Inc. (OKUR) is down 12% at $2.52 [4] - Whitehawk Therapeutics, Inc. (WHWK) has decreased by 12% to $2.29 [4] - Aqua Metals, Inc. (AQMS) is down 7% at $14.50 [4]
SGBX Subsidiary Olenox to Implement AI Algorithm to Streamline Wellsite Production and Operator Input
Globenewswire· 2025-10-16 20:59
Core Insights - Safe & Green Holdings Corp. and its subsidiary Olenox Corp. have completed Phase 1 of an intelligent wellsite monitoring system aimed at optimizing operations through real-time monitoring and control [1][2] - The AI-powered system utilizes a proprietary algorithm to analyze water-cut percentages, enhancing production efficiency and sustainability [2] - Phase 2 will implement the system on one of Olenox's production pads and introduce a real-time performance dashboard for shareholders [3] Company Overview - Olenox Corp. operates as a vertically integrated energy company across three divisions: Oil and Gas, Energy Services, and Energy Technologies, focusing on optimizing underdeveloped assets in Texas, Kansas, and Oklahoma [4] - The company aims to drive efficiency and unlock value throughout the energy lifecycle, positioning itself to capture opportunities often overlooked by traditional operators [4] Technology and Innovation - The intelligent wellsite monitoring system is based on the Machfu gateway technology, which reduces lifting costs, site visits, and energy consumption [1] - Machfu's Industrial IoT Service provides longer-range connectivity and is designed to cut operating costs by 50 percent, supporting compliance with regulations and ESG goals [5]