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Sg Blocks ( (SGBX) ) just unveiled an announcement.
On February 2, 2025, Safe & Green Holdings Corp. entered into a Merger Agreement with New Asia Holdings, Inc. (NAHD), under which NAHD will be merged into a subsidiary of Safe & Green. This strategic move is aimed at leveraging NAHD’s subsidiaries, Olenox and Machfu, to enhance capabilities in sustainable energy and industrial IoT. Safe & Green plans to integrate Olenox’s energy assets and Machfu’s IoT capabilities with its existing operations to drive revenue growth, improve operational efficiencies, and create new opportunities for value creation. The merger is anticipated to strengthen Safe & Green’s market position by creating a diversified, high-growth company at the intersection of energy and technology.
More about Sg Blocks
Safe & Green Holdings Corp. is a leading modular solutions company that focuses on the development, design, and fabrication of modular structures. The company aims to meet the demand for safe and green solutions across various industries, supporting third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value.
YTD Price Performance: 26.39%
Average Trading Volume: 6,727,860
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.9M
See more data about SGBX stock on TipRanks’ Stock Analysis page.
