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Olenox Announces Results of Annual Stockholder Meeting

OLOX
  • Olenox Industries, Inc. (NASDAQ: OLOX) held its 2025 Annual Meeting of Stockholders on March 31, 2026, in Conroe, TX.
  • Stockholders elected Michael McLaren, Adam Falkoff, Jill Anderson, Thomas Meharey, Paula J. Dobriansky, Erik Blum, and Samarth Verma to the Board of Directors.
  • The appointment of RBSM LLP as the independent registered public accounting firm for the year ended December 31, 2025, was ratified.
  • Shareholders approved advisory compensation for named executive officers.
  • Issuances of common stock pursuant to securities purchase agreements with Generating Alpha Ltd. dated March 27, April 11, 2025, and May 29, 2025, were approved.
  • The SG Blocks, Inc. Stock Incentive Plan was amended to increase authorized shares by 1,500,000 and to allow automatic annual increases of 4.5% for ten years starting January 1, 2026.
  • The Company's authorized common stock was increased from 75,000,000 to 3,000,000,000 shares.
  • Issuance of common stock pursuant to a November 25, 2025, securities purchase agreement with JAK Industrial Ventures I LLC was approved.
  • An amendment to the Certificate of Incorporation for a reverse stock split with a ratio between 1-for-10 and 1-for-20 was approved at the Board's discretion.
  • The Agreement and Plan of Merger dated February 2, 2025, with New Asia Holdings, Inc., including the conversion of Series A Convertible Preferred Stock into common stock, was not approved.
  • Olenox Industries is an industrial holding company formerly known as Safe & Green Holdings Corp. (SGBX).