24/7 Market News Snapshot 13 March, 2025 – Safe & Green Holdings Corp. Common Stock (NASDAQ:SGBX)

March 13, 2025

DENVER, Colo., 13 March, 2025 (247marketnews.com) – (NASDAQ:SGBX) are discussed in this article.
Safe & Green Holdings Corp. (SGBX) commenced trading today at $0.533 but has experienced a decline, currently positioned at $0.508, representing a drop of approximately 6.89%. The stock, which closed the previous session at $0.546, indicates a bearish trend in the market. Despite the price drop, trading volume has remained robust at 9.07 million shares, suggesting sustained investor interest. Analysts note that if SGBX can maintain support near the $0.50 mark, there might be potential for a recovery. However, a consistent fall below this threshold could signal further downside risk, warranting close monitoring of market fluctuations in the approaching sessions.

In parallel, Safe & Green Holdings has announced its 2025 Annual Meeting of Stockholders, set for April 24, 2025. This event will allow stockholders to engage in vital discussions and decisions regarding the company’s trajectory. The record date for eligible voters is March 9, 2025, with additional details and the proxy statement expected to be released soon.

A significant matter on the agenda will be the proposed merger with New Asia Holdings Corp., which represents a crucial step in a transformative journey involving Olenox Corp. and Machfu, Inc. Should the merger be approved, it will facilitate the conversion of non-voting convertible preferred shares into common shares, thereby enhancing the company’s foothold in the sustainable infrastructure and energy sectors.

The strategic collaboration aims to merge Olenox’s expertise in energy asset revitalization with Machfu’s cutting-edge Industrial Internet of Things (IIoT) technology, promising to enhance operational efficiencies while upholding environmentally responsible practices. CEO Mike McLaren articulated the commitment to diversifying operations to meet evolving market demands, underscoring the importance of the merger in aligning with the company’s vision for sustainable growth. As developments unfold, Safe & Green Holdings remains dedicated to providing innovative solutions that address industry challenges and foster positive environmental impacts.

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