Latest news with #MichaelMcLaren
Business Insider
18-06-2025
- Business
- Business Insider
Bringing American-made containment solutions back with Safe & Green
Mobile containment systems have been necessary in certain industries for a long time. This is especially true for heavily regulated industries that include energy production, medical facilities, and waste management. Safe & Green Holdings, which builds modular containerized systems, understands that sustainability and cost efficiency are important in the American manufacturing market, especially during times when they are needed most. Invaluable During Crisis Scenarios If the COVID-19 pandemic taught the world anything, it's that solutions during crises are required as quickly as possible. With their modular systems, Safe & Green was able to rapidly deploy mobile medical labs and walk-in clinics to help during the COVID-19 pandemic. Their testing centers across the United States were invaluable to relief efforts throughout this tumultuous time in world history, when medical facilities were overwhelmed with patients. A Leader at the Helm CEO Michael McLaren leads Safe & Green with what has been described as a 'pragmatic and scientifically rigorous approach.' By drawing from his background in high-energy and plasma physics, McLaren advocates for balanced strategies that combine innovation with environmental responsibility. However, McLaren isn't just about innovation. Under his leadership, Safe & Green is committed to providing American-made, Texas-based solutions that help businesses not only meet their regulatory standards but also cut costs and reduce environmental impact in the process. Innovation in Energy and the Environment One of Safe & Green's core offerings is the company's multi-functional service rigs, which have been dubbed the 'Swiss Army knife of the oil patch.' These rigs are capable of consolidating numerous functions to help reduce the number of diesel engines that are needed on drilling sites. This not only helps lower emissions but also reduces operational costs. Safe & Green's containment technology also helps clients avoid the high costs and environmental risks of transporting hazardous or contaminated materials and enables safer on-site processing for those working at their locations. Safe & Green's Philosophy Safe & Green has aligned itself with the growing national sentiment that favors energy independence and onshoring of production. McLaren, its CEO, believes that America has enough resources to meet its own energy demands, particularly through the responsible revitalization of oil and natural gas reserves. He also emphasizes that cleaner production methods can mitigate the heavy environmental footprint of traditional energy sources, which often leave large carbon footprints that can be damaging to the environment. The company's overall mission is to enable sustainable solutions within industries that both align with regulatory demands and environmental goals, all while boosting American jobs and reducing reliance upon foreign imports. Combining Rigor With Responsibility Safe & Green Holdings works to combine scientific vigor and environmental responsibility, alongside economic efficiency, to deliver cutting-edge solutions for major industries. Their keen eye on the future of American energy, as well as a commitment to sustainable growth, gives the company a forward-thinking stance, not just a push for domestic innovation, but for energy independence. When things get tough, Safe & Green Holdings can be depended upon to help industries build containment systems that not only make work more productive, but also safer.
Globe and Mail
10-06-2025
- Business
- Globe and Mail
Safe and Green Holdings Corp. Engages ShareIntel to Investigate Unusual Trading Activity
MIAMI, FL, June 10, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures diversified platform transforming critical infrastructure through sustainable modular innovation, announces it has engaged Shareholder Intelligence Services, LLC ('ShareIntel') to support efforts to investigate and address potentially illegal trading activity. This includes suspected naked short selling and market manipulation involving the Company's common stock. The decision to engage ShareIntel follows an internal review of trading patterns that raised concerns regarding potential violations of securities laws. Using ShareIntel's proprietary DRIL-Down™ analytics, Safe and Green expects to gain deeper insight into shareholder trading activity and take appropriate steps to protect the interests of its investors. 'We are committed to safeguarding the integrity of our stock and acting decisively in the interest of our shareholders,' said Michael McLaren, CEO of Safe and Green Holdings Corp. 'By leveraging ShareIntel's analytics platform, we will be better positioned to identify irregularities and pursue corrective measures where necessary.' As part of this initiative, the Company is also evaluating further legal and regulatory actions, including potential participation in the SEC Whistleblower Program and collaboration with other affected public companies. About ShareIntel, LLC ShareIntel is an application service provider retained by public companies to obtain, aggregate, track and analyze shareholder trading information. ShareIntel will utilize its patented process called DRIL-Down™ to aggregate and analyze repository data from reporting entities, broker-dealers and shareholders, enabling Safe and Green Holdings to proactively track shareholder ownership, identify parties to suspicious, aberrant or unusual trading activity and deploy corrective action steps to help curtail such an illegal activity. About Safe and Green Holdings Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit and follow us at @SGHcorp on Twitter. Safe Harbor Statement Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the hiring of Shareholder Intelligence Services, LLC. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law. For investor and media inquiries, please contact: CORE IR 516 222 2560 investors@
Yahoo
14-05-2025
- Business
- Yahoo
Safe & Green Holdings Corp. Provides Corporate Update
MIAMI, FL, May 14, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, today provides an update on its recent transformation, marking a new era of financial strength, operational momentum, and strategic expansion. Backed by $108 million in committed funding, and generating strong market engagement, the Company provides a review of key achievements while embarking on an aggressive buy-and-build strategy aimed at positioning itself for success in both domestic and international markets. Michael McLaren, Safe and Green Chairman and CEO, commented, "In January 2025, we took on the challenge to rebuild Safe and Green into a world-class, professional, and dynamic enterprise. Today, we believe that vision to be reality. With $108 million in funding and aggressive growth plans, the exciting part of rebuilding this Company starts now. We are generating revenue, expanding fast and leading from the front in both US energy and sustainable building products and technologies. Our focus remains on creating shareholder value and we look forward to providing continued updates on our progress." Key Achievements: $100 Million ELOC Securities Purchase Agreement– Fully accessible upon shareholder approval and S-1 effectiveness, supporting acquisitions and technology scale-up. $8 Million Private Placement with D. Boral Capital acting as sole placement agent. Addition of seasoned C-suite executives, appointment of Michael McLaren as the new Chairman of the Board of Directors, and the formation of an executive committee to streamline acquisition due diligence and execution. The Company has implemented significant structural changes, distancing the Company from legacy issues. Merger with New Asia Holdings, Inc. including its subsidiaries Olenox and Machfu via a sign and close transaction, accelerating growth into new business channels. Regaining compliance with the minimum equity standard set forth in Nasdaq Listing Rule 5550(b)(1) to ensure continued listing on The Nasdaq Capital Market. Purchase of County Line Industrial, LLC, a Durant, Oklahoma business providing welding services in Oklahoma and Texas. The acquisition enhances the Company's access to customers in its ready-mix cement and oil and gas businesses. Purchase of majority interest in Winchester Oil and Gas, LLC, which operates more than 500 wells in Texas with leases centered in Milam and Parker counties. It recently reported production of approximately 50 barrels a day, with peak production reaching 200 barrels in the last four years. Aggressive Buy-and-Build Strategy The Company's new leadership team continues to evaluate high-value partnerships and acquisitions across US energy production, sustainable technologies and modular construction solutions, aligned with its 12-month roadmap. Additionally, under this aggressive buy-and-build strategy, the Company has a robust pipeline of strategic acquisitions designed to augment and expand the Company's business operations. These strategic moves will be supported by the $108 million funding facilities from and the ELOC Securities Purchase Agreement. About Olenox Corp. Olenox Corp. is an advanced energy company focused on oil and gas production, energy services, and energy technologies. Olenox specializes in acquiring and revitalizing distressed energy assets, leveraging proprietary technologies to enhance production while minimizing environmental impact. About Safe & Green Holdings Corp. Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit and follow us at @SGHcorp on Twitter. Safe Harbor Statement Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the Company's ELOC Securities Purchase Agreement, the Company's private placement for the purchase of approximately $8 million of shares of the Company's common stock and investor warrants, the Company's merger agreement with New Asia Holdings, Inc., the Company's purchase of County Line Industrial, LLC, and the Company's purchase of a majority interest in Winchester Oil & Gas, LLC . While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully register the ELOC Securities Purchase Agreement shares via a Form S-1 filing, the Company's ability to successfully leverage its facilities to support its merger with New Asia Holdings, Inc., the Company's ability to successfully integrate County Line's business into the Company's operations, the Company's ability to successfully operate the Winchester Oil & Gas wells, the effect of government regulation, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law. Investor Relations: CORE IR516 222 2560investors@
Yahoo
08-04-2025
- Business
- Yahoo
Safe & Green Holdings Corp. Announces 51% Purchase of Winchester Oil and Gas by Wholly Owned Subsidiary Olenox Corp.
MIAMI, April 08, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, announces its wholly owned subsidiary, Olenox Corp. ('Olenox'), has purchased a 51% stake in Winchester Oil and Gas, LLC ('Winchester'). Winchester operates more than 500 wells in Texas with leases centered in Milam and Parker counties. It recently reported production of approximately 50 barrels a day, with peak production reaching 200 barrels in the last four years. It also holds a $250,000 bond, which allows Olenox unlimited well licenses in Texas, which is ideal for expansion while also utilizes cleanup of underperforming properties. Through Olenox, the Company will operate the existing wells and perform reactivation, for which it expects 30-40% to be complete and creating production in the second quarter of 2025. Michael McLaren, Safe & Green Holdings CEO commented, 'The Winchester acquisition is a prime example of the capability of our subsidiary Olenox to create turnaround utilizing its patented down hole cleaning and stimulation technologies combined with state-of-the-art combo service rigs that reduce the amount of equipment and fuel, resulting in lower servicing costs per well. We believe this investment is an important addition to our holdings and look forward to providing production updates as they develop. 'Further, our Machfu technology allows us to reduce downtime, operator and energy costs with its integrated bidirectional well monitoring systems. Reduced costs mean reduced lifting costs per barrel and in volatile markets allows Olenox to remain profitable even at historically low pricing per barrel,' Mr. McLaren concluded. About Olenox Corp. Olenox Corp. is an advanced energy company focused on oil and gas production, energy services, and energy technologies. Olenox specializes in acquiring and revitalizing distressed energy assets, leveraging proprietary technologies to enhance production while minimizing environmental impact. About Safe & Green Holdings Corp. Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit and follow us at @SGHcorp on Twitter. Safe Harbor Statement Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully integrate Winchester into Olenox's pipeline, the Company's ability to successfully reactivate Winchester's oil wells to increase production, the effect of government regulation, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law. Investor Relations:CORE IR516 222 2560investors@ Source: Safe & Green Holdings in to access your portfolio
Associated Press
08-04-2025
- Business
- Associated Press
Safe & Green Holdings Corp. Announces 51% Purchase of Winchester Oil and Gas by Wholly Owned Subsidiary Olenox Corp.
MIAMI, April 08, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ('Safe & Green Holdings' or the 'Company'), a leading developer, designer, and fabricator of modular structures, announces its wholly owned subsidiary, Olenox Corp. ('Olenox'), has purchased a 51% stake in Winchester Oil and Gas, LLC ('Winchester'). Winchester operates more than 500 wells in Texas with leases centered in Milam and Parker counties. It recently reported production of approximately 50 barrels a day, with peak production reaching 200 barrels in the last four years. It also holds a $250,000 bond, which allows Olenox unlimited well licenses in Texas, which is ideal for expansion while also utilizes cleanup of underperforming properties. Through Olenox, the Company will operate the existing wells and perform reactivation, for which it expects 30-40% to be complete and creating production in the second quarter of 2025. Michael McLaren, Safe & Green Holdings CEO commented, 'The Winchester acquisition is a prime example of the capability of our subsidiary Olenox to create turnaround utilizing its patented down hole cleaning and stimulation technologies combined with state-of-the-art combo service rigs that reduce the amount of equipment and fuel, resulting in lower servicing costs per well. We believe this investment is an important addition to our holdings and look forward to providing production updates as they develop. 'Further, our Machfu technology allows us to reduce downtime, operator and energy costs with its integrated bidirectional well monitoring systems. Reduced costs mean reduced lifting costs per barrel and in volatile markets allows Olenox to remain profitable even at historically low pricing per barrel,' Mr. McLaren concluded. About Olenox Corp. Olenox Corp. is an advanced energy company focused on oil and gas production, energy services, and energy technologies. Olenox specializes in acquiring and revitalizing distressed energy assets, leveraging proprietary technologies to enhance production while minimizing environmental impact. About Safe & Green Holdings Corp. Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit and follow us at @SGHcorp on Twitter. Safe Harbor Statement Certain statements in this press release constitute 'forward-looking statements' within the meaning of the federal securities laws. Words such as 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully integrate Winchester into Olenox's pipeline, the Company's ability to successfully reactivate Winchester's oil wells to increase production, the effect of government regulation, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law. 516 222 2560
