Safe & Green Holdings Enters Definitive Agreement to Merge with Olenox and Machfu.com

Core Viewpoint - Safe & Green Holdings Corp. has announced a merger with New Asia Holdings, Inc. to enhance its capabilities in sustainable energy and industrial IoT sectors [1][2] Group 1: Merger Details - Safe & Green will acquire 100% of NAHD's outstanding securities in exchange for non-voting convertible preferred shares [2] - The merger is structured as a two-step sign-and-close transaction, requiring approval from a majority of the Company's common shareholders and regulatory bodies [6] Group 2: Company Profiles - Olenox Corp. focuses on revitalizing underdeveloped energy assets and has seen significant production growth in distressed oil and gas fields in Texas, Oklahoma, and Kansas [3] - Machfu.com specializes in industrial IoT solutions, with over 20,000 gateways deployed globally, enhancing operational efficiency and real-time analytics for various industries [4] Group 3: Strategic Integration - Post-merger, Safe & Green plans to integrate Olenox's energy assets and Machfu's IoT capabilities with its existing operations, leveraging its modular fabrication expertise [5] - Management anticipates that the merger will drive revenue growth, improve operational efficiencies, and create new value opportunities [5][6]