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Safe & Green Holdings Corp - SGBX STOCK NEWS

Welcome to our dedicated news page for Safe & Green Holdings (Ticker: SGBX), a resource for investors and traders seeking the latest updates and insights on Safe & Green Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Safe & Green Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Safe & Green Holdings's position in the market.

News
Safe & Green Holdings Reports Record Growth in Manufacturing Sales Pipeline; Projects Becoming Cash Flow Positive in the First 100 Days of 2024
Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) reported a reduction of over $2.5 million in additional annualized expenses expected to be realized in 2024. The company also announced record growth in the manufacturing sales pipeline and projected achievement of positive cash flow within the first 100 days of 2024. Safe & Green Holdings is a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
none
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News
Safe and Green Development Corporation Announces Entry into Contribution Agreement to Form a Joint Venture to Develop the Lago Vista Property
Rhea-AI Summary
Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) will contribute the Lago Vista property in exchange for a membership interest in a proposed joint venture valued at $11.5 million. MNO Partners, a community-centric real estate development firm, will lead the development process, with an estimated cost of $80 million to fully develop the property. SG Devco's subsidiary originally purchased the Lago Vista property for $3.5 million in 2021.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.86%
Tags
none
-
News
Safe & Green Holdings Announces Safe and Green Development Corporation has Entered into a Contribution Agreement to Form a Joint Venture to Develop the Lago Vista Property
Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) announced that its subsidiary, Safe and Green Development Corporation, will contribute the Lago Vista property in exchange for membership interest in a joint venture valued at $11.5 million. The property was purchased for $3.5 million and is estimated to require $80 million for full development. MNO Partners, a real estate development firm, will lead the development process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.86%
Tags
none
News
Safe & Green Holdings Receives $390 Thousand in Net Proceeds from Sale of Common Shares to an Institutional Investor
Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) reported a net proceeds of approximately $390,000 from the sale of 658,000 common shares to a single institutional investor. The company aims to minimize dilution and accelerate manufacturing and construction services growth with the equity infusion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.84%
Tags
none
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News
Safe and Green Development Corporation Unveils Letter of Intent for Integration of Real Estate AI Software
Rhea-AI Summary
Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) has signed a non-binding Letter of Intent (LOI) with Majestic World Holdings (MWH) for a proposed strategic partnership. SG Devco will invest in MWH in exchange for access to MWH’s software platform Xene, powered by advanced AI technology, aiming to create a decentralized real estate marketplace. The partnership is expected to bring growth, innovation, and expanded opportunities for both organizations and stakeholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.77%
Tags
AI
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News
Safe & Green Holdings Eligible for $1.5 Million Employee Retention Tax Credit
Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) is eligible for a $1.5 million refund from the IRS for the Employee Retention Tax Credit, as confirmed by the Company's Professional Employer Organization (PEO). This refundable credit is expected to reduce the need for dilutive capital, and the timing of the receipt is reliant on the processing times of the IRS and the Company’s PEO. The company's CEO, Paul Galvin, emphasized the significance of this tax credit, highlighting the company's focus on retaining and increasing its workforce during the pandemic. The CFO, Tricia Kaelin, expressed commitment to providing high-quality US jobs and leveraging the ERTC to foster growth and employment in communities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.85%
Tags
none
News
Safe & Green Holdings Reports Third Quarter 2023 Results; Manufacturing & Construction Services Revenue Increases 48% Over the Same Period Last Year
Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) reported a 48% year-over-year increase in manufacturing & construction services revenue for Q3 2023. They also announced a multi-million-dollar contract, Louisiana licensure, partnership with Tunnel to Towers Foundation, CORNERSTONE Charitable Foundation launch, and spin-off of SG Development Corp. They reduced operating expenses by $2 million and plan to develop assets to drive further revenue growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.95%
Tags
earnings
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News
Safe & Green Holdings Debuts Its Modular Comfort Homes for the Tunnel to Towers Foundation Nationwide Program at Events in Houston and New York City
Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) debuts the Comfort Home Show model, a modular home constructed for the Tunnel to Towers Foundation's Homeless Veteran Program. The home was showcased at a Grand Opening event in Houston, Texas, and assembled in real time in New York City, featured on 'Fox & Friends'. The program aims to eradicate homelessness for 35,000 veterans across the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.07%
Tags
none
-
News
Safe & Green Holdings Corp. to Report Third Quarter 2023 Financial Results and Host Business Update Conference Call on November 14, 2023
Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) announced it plans to report its financial results for Q3 2023 on November 14, 2023, and host a business update call. The company is a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
conferences earnings
News
Safe & Green Holdings Corp. Announces Appointment of Thomas Meharey to the Company’s Board of Directors
Rhea-AI Summary
Safe & Green Holdings Corp. has appointed Thomas Meharey as an independent member of the board of directors, increasing the board size to seven directors. Meharey has exceptional leadership skills and experience in the licensing industry, having served as a vice president and board member for kathy ireland® Worldwide. He also founded a general contracting business in Hawaii and managed multi-million-dollar projects. The CEO of Safe & Green Holdings believes Meharey's insights and experience will be invaluable as the company expands its modular construction expertise nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.97%
Tags
management
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Safe & Green Holdings Corp

Nasdaq:SGBX

SGBX Rankings

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SGBX Stock Data

2.97M
10.82M
39.11%
3.85%
2.37%
Other Metal Container Manufacturing
Manufacturing
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Brooklyn

About SGBX

sg blocks,inc. is the premier innovator in providing industry approved, code engineered cargo shipping containers to meet the growing demand for safe and green construction. rather than consuming new steel and lumber, sg blocks capitalizes on the structural engineering and design parameters a shipping container must meet and repurposes them for use in building. offering a product that typically exceeds building code requirements, sg blocks enables developers, architects, builders and owners to achieve greener construction, faster execution and stronger buildings of higher value and extended life.sg blocks has an application in meeting safe and sustainable housing needs, particularly in hurricane and earthquake prone areas. since its inception in 2007, sg blocks has developed and implemented the technology to break away from standardized container construction at reduced costs and is committed to providing a construction methodology that will lessen the global carbon footprint. each con