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Safe & Green Holdings Corp. - $SGBX STOCK NEWS

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

Safe & Green Holdings Corp. (NASDAQ: SGBX) is a pioneering company in modular construction solutions. Leveraging the structural integrity and sustainability of code-engineered cargo shipping containers, the company provides innovative building modules that serve both residential and commercial markets. These modules can be used as permanent or temporary structures, making them ideal for a wide range of applications, including health care facilities, real estate development, and environmental projects.

Safe & Green Holdings operates through four primary segments: construction services, medical, real estate development, and environmental. The majority of the company's revenue comes from its construction segment, which includes the manufacturing unit SG ECHO and various modular projects. The company's technology enables faster construction, lower costs, and more sustainable building practices, making it a leader in green construction.

Since its inception in 2007, Safe & Green Holdings has focused on repurposing shipping containers to meet safe and sustainable housing needs, particularly in hurricane and earthquake-prone areas. The company recently received recertification from the International Code Council (ICC) for its shipping containers, ensuring they meet stringent safety and performance standards. This achievement underscores the company's commitment to quality and innovation in modular construction.

Safe & Green Holdings' projects are designed to exceed typical building code requirements, offering developers, architects, and builders a high-value, eco-friendly construction option. The company's dedication to reducing the global carbon footprint is evident through its sustainable building practices and use of recycled materials. Partnering with industry leaders and constantly evolving its technology, Safe & Green Holdings continues to set new benchmarks in the modular construction industry.

For more information, visit the company's investor relations page or contact Crescendo Communications, LLC at (212) 671-1020 or via email at SGBX@crescendo-ir.com.

News

Safe and Green Development Corporation Executes New Non-binding Letter of Intent to Sell Lago Vista Site for $11.5 Million

Rhea-AI Summary
Safe & Green Holdings Corp. subsidiary enters LOI to sell Lago Vista site for $11.5 million and form joint venture with real estate development firm. SG Echo's modular units will be used for site development. Potential revenue from manufacturing services and appreciation of property.
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Safe & Green Holdings Corp. Completes Spin-Off of Safe and Green Development Corporation

Rhea-AI Summary
Safe & Green Holdings Corp. completes spin-off of its real estate development subsidiary, Safe and Green Development Corporation (SGD), which will begin trading on Nasdaq under ticker 'SGD'. SG DevCo has a current project pipeline exceeding $800 million and plans to develop more than 4,000 units. Holders of SG Holdings common stock received 0.930886 shares of SG DevCo common stock for every five shares of SG Holdings common stock held on September 8, 2023. SG Holdings common stock will continue to trade on Nasdaq under ticker 'SGBX'.
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Safe & Green Holdings Corp. Announces Settlement in Legal Action Taken Against Select Stockholders

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Safe & Green Holdings Corp. (NASDAQ: SGBX) announced a settlement agreement with two stockholders, resolving a previous litigation. The Company received a three-month irrevocable proxy to vote the stockholders' 3,970,100 shares, representing approximately 23.85% of the Company's common stock.
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CORNERSTONE Charitable Foundation to Build School in Ghana Funded by Safe & Green Holdings Corp. Chairman & CEO Paul Galvin; Phase 2 Expected to Include Medical Care

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Safe & Green Holdings partners with CORNERSTONE Charitable Foundation to construct a schoolhouse in Ghana as part of the Ghana's Tomorrow Project.
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Safe & Green Holdings Corp. Announces Distribution Date of September 27, 2023, for Planned Spinoff of SG DevCo to Nasdaq

Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) plans to spin-off Safe & Green Development Corp. and distribute approximately 30% of its outstanding shares to stockholders on September 27, 2023. SG DevCo's registration statement was declared effective by the SEC on September 18, 2023. Trading of SG DevCo's common stock is expected to begin on September 19, 2023. Each SG Holdings stockholder will receive 0.930886 shares of SG DevCo common stock for every five shares of SG Holdings common stock held as of September 8, 2023.
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Safe & Green Holdings Selected by the Tunnel to Towers Foundation to Construct a Modular Home to Travel and Showcase the Foundation’s Nationwide Program

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Safe & Green Holdings selected to construct a traveling modular home for Tunnel to Towers Foundation's Homeless Veteran Program
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Safe & Green Holdings Corp. Announces Expected “When Issued” Trading to Commence on Nasdaq as of September 19, 2023

Rhea-AI Summary
Safe & Green Holdings Corp. expects its real estate development subsidiary, SG DevCo, to begin trading on the Nasdaq Stock Market on September 19, 2023, under the ticker symbol 'SGDVV'. The distribution of SG DevCo common stock is expected to occur on or around September 27, 2023. SG Holdings stockholders will receive approximately 30% of the outstanding shares of SG DevCo common stock. SG Holdings will retain approximately 70% of SG DevCo common stock. No fractional shares will be issued in the distribution.
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CORRECTING and REPLACING Safe & Green Holdings Corp. Announces Expected “When Issued” Trading to Commence on Nasdaq as of September 19, 2023

Rhea-AI Summary
Safe & Green Holdings Corp. expects 'when-issued' trading of SG DevCo on NASDAQ to commence on September 19, 2023. Regular-way trading of SG DevCo's common stock will begin after the distribution date. The separation will occur through a pro rata distribution of approximately 30% of SG DevCo's shares to current stockholders. The distribution is expected to occur on or around September 27, 2023.
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Safe & Green Holdings Corp. Receives Approval to List Safe and Green Development Corporation (SG DevCo) Common Stock on Nasdaq Market

Rhea-AI Summary
Safe & Green Holdings Corp. announces approval for listing SG DevCo common stock on Nasdaq under symbol 'SGD'. SG DevCo's fair market value set at $74 million, exceeding SG Holdings' market cap. Spin-off will provide current SG Holdings stockholders with 30% ownership in SG DevCo. SG DevCo has a project pipeline exceeding $800 million and plans to develop over 4,000 units. Stockholders who hold SG Holdings common stock on September 8th, 2023, will receive a distribution of 0.930886 shares of SG DevCo for every 5 shares of SG Holdings common stock held.
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Safe & Green Holdings Corp. Provides Further Clarification on Expected Distribution Ratio for SG DevCo Spin-off

Rhea-AI Summary
SG Holdings plans to spin off Safe & Green Development Corp (SG DevCo) as a standalone company listed on Nasdaq. Stockholders will receive a distribution of 0.932622 shares of SG DevCo for every 5 shares of SG Holdings held. SG DevCo has a fair market value of $74 million and a development pipeline of over 4,000 units. The distribution date is yet to be determined and is subject to SEC approval and Nasdaq listing. No action is required by stockholders to receive shares of SG DevCo.
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FAQ

What does Safe & Green Holdings Corp. do?

Safe & Green Holdings Corp. provides modular construction solutions using both cargo shipping containers and wood for residential and commercial use.

What are the primary segments of Safe & Green Holdings Corp.?

The company operates in four segments: construction services, medical, real estate development, and environmental.

What is the main revenue source for Safe & Green Holdings Corp.?

The majority of the company's revenue comes from the construction segment, including its manufacturing unit SG ECHO and various modular projects.

How does Safe & Green Holdings Corp. contribute to sustainable construction?

The company repurposes shipping containers, reducing the need for new materials and lowering the carbon footprint, while providing safe and sustainable housing options.

What recent certifications has Safe & Green Holdings Corp. received?

The company recently received recertification from the International Code Council (ICC) for its shipping containers, confirming their compliance with safety and performance standards.

What are some applications of Safe & Green Holdings Corp.'s modules?

The modules can be used for residential housing, commercial buildings, health care facilities, and more, offering both permanent and temporary solutions.

When was Safe & Green Holdings Corp. founded?

Safe & Green Holdings Corp. was founded in 2007.

Where can I find more information about Safe & Green Holdings Corp.?

For more information, visit the company's investor relations page or contact Crescendo Communications, LLC at (212) 671-1020 or via email at SGBX@crescendo-ir.com.

What are the benefits of Safe & Green Holdings Corp.'s modular construction?

The company's modular construction offers faster execution, lower costs, higher building value, and extended life, while meeting or exceeding building code requirements.

Who are the key clients of Safe & Green Holdings Corp.?

The company's clients include developers, architects, builders, and property owners seeking innovative and sustainable construction solutions.

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Safe & Green Holdings Corp.

Nasdaq:SGBX

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SGBX Stock Data

3.94M
10.82M
39.11%
3.85%
2.37%
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