Active Small Caps Pre-Market

$SGBX - Safe & Green Holdings Corporation 🇺🇸

Sector: Industrials - Metal Fabrication

Market Cap: 2.37M

Float: 3.89M

News: Safe & Green Holdings Corp. signed a binding Letter of Intent to acquire New Asia Holdings Inc., including subsidiaries Olenox Corp., specializing in oil and gas with advanced technologies, and Machfu. com, known for IoT solutions. Olenox has significantly increased oil production and focuses on revitalizing underdeveloped assets while reducing environmental impact. Machfu provides innovative IoT connectivity for industries. Post-acquisition, Safe & Green will expand into energy sectors, leveraging existing facilities. Michael McLaren will become Chairman, replacing Paul Galvin, who remains on the board. This move aims to enhance market opportunities, operational efficiencies, and Nasdaq listing compliance.