Safe & Green Holdings Announces Final Resolution of Litigation Between SG Blocks and EDI International/PVE
Safe & Green Holdings (NASDAQ: SGBX) announced that its subsidiary, SG Blocks, has reached a definitive settlement agreement with EDI International, PC and PVE, LLC, resolving all outstanding litigation and appeals between the parties.
The settlement agreement, executed on September 11, 2025, requires EDI/PVE to pay SG Blocks an undisclosed amount to settle matters related to the Los Angeles Superior Court Case No. 19STCV21725. Upon payment, SG Blocks will file an acknowledgment of satisfaction of judgment, and both parties will dismiss pending appeals with prejudice.
The agreement includes mutual releases of all claims, providing closure to the long-running litigation while strengthening the company's balance sheet.
Safe & Green Holdings (NASDAQ: SGBX) ha annunciato che la sua controllata, SG Blocks, ha raggiunto un accordo definitivo di transazione con EDI International, PC e PVE, LLC, risolvendo tutte le cause legali e gli appelli pendenti tra le parti.
L’accordo di transazione, firmato il 11 settembre 2025, prevede che EDI/PVE paghino a SG Blocks una somma non divulgata per risolvere le questioni relative al Caso della Corte Superiore di Los Angeles n. 19STCV21725. Al pagamento, SG Blocks presenterà una dichiarazione di soddisfazione del giudizio e entrambe le parti rinunceranno agli appelli pendenti con effetto definitivo.
L’accordo comprende liberazioni reciproche di tutte le pretese, fornendo una chiusura al contenzioso di lungo corso e rafforzando contestualmente il bilancio dell’azienda.
Safe & Green Holdings (NASDAQ: SGBX) anunció que su subsidiaria, SG Blocks, ha llegado a un acuerdo definitivo de conciliación con EDI International, PC y PVE, LLC, resolviendo todas las litigaciones y recursos pendientes entre las partes.
El acuerdo, suscrito el 11 de septiembre de 2025, exige que EDI/PVE paguen a SG Blocks una cantidad no revelada para resolver las cuestiones relacionadas con el Caso de la Corte Superior de Los Ángeles No. 19STCV21725. Tras el pago, SG Blocks presentará una declaración de satisfacción del fallo, y ambas partes desecharán los recursos pendientes con efectos definitivos.
El acuerdo incluye liberaciones mutuas de todas las reclamaciones, proporcionando cierre al litigio de larga duración mientras fortalece el balance de la empresa.
Safe & Green Holdings (NASDAQ: SGBX)은(는) 자회사인 SG Blocks가 EDI International, PC 및 PVE, LLC와 최종 합의로 해결합의하여 당사 간의 모든 소송 및 항소를 해결했다고 발표했다.
합의문은 2025년 9월 11일에 체결되었으며, EDI/PVE가 로스앤젤레스 고등법원 사건번호 19STCV21725와 관련된 문제를 해결하기 위해 SG Blocks에 비공개 금액을 지급해야 한다고 명시한다. 대금이 지급되면 SG Blocks는 판결 이행에 대한 인정 서류를 제출하고 양당사자는 보류 중인 항소를 기판력 있는 방식으로 기각한다.
합의에는 모든 청구권의 상호 포기가 포함되어 있어 장기 소송에 종지부를 찍고 회사의 재무 상태를 강화한다.
Safe & Green Holdings (NASDAQ : SGBX) a annoncé que sa filiale, SG Blocks, a conclu un accord de règlement définitif avec EDI International, PC et PVE, LLC, mettant fin à tous les litiges et appels pendants entre les parties.
L’accord, signé le 11 septembre 2025, exige que EDI/PVE verse à SG Blocks un montant non divulgué pour régler les questions relatives à l’affaire du Los Angeles Superior Court No. 19STCV21725. Après le paiement, SG Blocks déposera une reconnaissance d’exécution du jugement et les deux parties retireront leurs appels pendants avec effet définitif.
L’accord comprend des libérations mutuelles de toutes les réclamations, apportant une clôture à ce litige de longue durée tout en renforçant le bilan de l’entreprise.
Safe & Green Holdings (NASDAQ: SGBX) gab bekannt, dass die Tochtergesellschaft SG Blocks eine endgültige Vergleichsvereinbarung mit EDI International, PC und PVE, LLC erzielt hat und damit alle noch ausstehenden Rechtsstreitigkeiten und Rechtsmittel zwischen den Parteien beigelegt wurden.
Die Vereinbarung, unterzeichnet am 11. September 2025, verpflichtet EDI/PVE, SG Blocks eine nicht offengelegte Summe zu zahlen, um Angelegenheiten im Zusammenhang mit dem Los Angeles Superior Court Fall Nr. 19STCV21725 zu regeln. Nach der Zahlung wird SG Blocks eine Vollstreckungsanerkennung des Urteils einreichen, und beide Parteien werden die anhängigen Rechtsmittel mit Vorurteil abweisen.
Der Vertrag beinhaltet gegenseitige Freistellungen aller Ansprüche und schließt den langwierigen Rechtsstreit ab, während er die Bilanz des Unternehmens stärkt.
Safe & Green Holdings (NASDAQ: SGBX) أعلنت أن شركتها الفرعية SG Blocks قد توصلت إلى اتفاق تسوية نهائي مع EDI International, PC و PVE, LLC، يسوية جميع الدعاوى والطعون المعلقة بين الطرفين.
تم توقيع اتفاق التسوية في 11 سبتمبر 2025، ويتطلب من EDI/PVE دفع مبلغ غير مُعلن إلى SG Blocks لتسوية المسائل المتعلقة بالقضية رقم 19STCV21725 في محكمة لوس أنجلوس العليا. عند الدفع، ستقدم SG Blocks إشعارًا بإرضاء الحكم، وستقوم الطرفان بسحب جميع الاستئنافات المعلقة مع أثر قضائي نهائي.
يشمل الاتفاق إطلاق سراح متبادل من جميع المطالبات، مما يوفر إنهاء للنزاع طويل الأمد ويعزز في الوقت نفسه وضع الشركة المالي.
Safe & Green Holdings (NASDAQ: SGBX)宣布，其子公司 SG Blocks 已与 EDI International, PC 和 PVE, LLC 达成最终和解协议，解决双方之间所有未决的诉讼和上诉。
和解协议于2025年9月11日签署，要求 EDI/PVE 向 SG Blocks 支付一笔未披露的资金，以解决洛杉矶高等法院案件编号 19STCV21725 相关事宜。付款后，SG Blocks 将提交对判决的履行确认书，双方将以不可再提起诉讼的效力撤回未决上诉。
该协议包含对所有索赔的相互解除，为长期诉讼画上句号，同时增强公司的资产负债表。
- Settlement agreement resolves all outstanding litigation and eliminates legal uncertainty
- Company will receive monetary compensation from EDI/PVE
- Elimination of ongoing legal costs
- Settlement strengthens company's balance sheet
- None.
Insights
Settlement with EDI/PVE eliminates litigation costs, adds immediate cash, and removes balance sheet uncertainty for SGBX.
The settlement between SG Blocks and EDI/PVE represents a significant positive development for Safe & Green Holdings. While the settlement amount remains undisclosed, the resolution delivers multiple tangible benefits. First, the company will receive an immediate cash infusion that directly strengthens its balance sheet. Second, by terminating this "long-running litigation," SGBX eliminates ongoing legal expenses that were likely creating a steady drain on resources.
The settlement structure appears particularly favorable - EDI/PVE makes payment to SG Blocks (not the reverse), indicating SG Blocks held the stronger position in this dispute. The mutual release of claims provides complete closure with no lingering liabilities or contingencies that might resurface later.
For a smaller NASDAQ company like Safe & Green, removing litigation uncertainty carries outsized importance. Legal proceedings create unpredictable outcomes, potential liabilities, and management distraction. With this resolution, management can redirect focus entirely to operational execution in their core modular construction and sustainable development businesses.
From a corporate governance perspective, the company's communication pattern around this litigation shows commitment to transparency, with regular updates since December 2024. This settlement transforms a potential liability into an immediate asset, creating a cleaner financial picture that better positions the company for potential partnerships, financing, or growth initiatives going forward.
Miami, Florida--(Newsfile Corp. - September 25, 2025) - Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green," or the "Company"), today announced that its subsidiary, SG Blocks, Inc., has reached a definitive settlement agreement with EDI International, PC and PVE, LLC (collectively, "EDI/PVE"), providing a final resolution to all outstanding litigation and appeals between the parties.
Under the terms of the Settlement and Release Agreement, fully executed on September 11, 2025, EDI/PVE has agreed to pay SG Blocks an undisclosed amount in full settlement of the matters related to SG Blocks, Inc. v. EDI International PC, et al., Los Angeles Superior Court Case No. 19STCV21725. Upon receipt of full payment, SG Blocks will file an acknowledgment of satisfaction of judgment and both parties will dismiss all pending appeals with prejudice.
The agreement provides for mutual releases of all claims, bringing full and final closure to the long-running litigation and eliminating uncertainty around the case.
"We are pleased to bring this matter to a successful conclusion, delivering a significant recovery for SG Blocks while allowing us to fully focus on advancing our core operations," said Mike Mclaren, CEO of Safe & Green Holdings. "This settlement delivers a final resolution, strengthens our balance sheet, and positions us to continue executing on growth initiatives across our modular construction and sustainable development businesses."
This announcement follows prior public updates provided since December 2024 regarding the progress of the case. With this settlement, Safe & Green Holdings has demonstrated a consistent commitment to keeping shareholders informed and has now secured a favorable and final resolution that eliminates ongoing legal costs and provides immediate financial benefit.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp. (NASDAQ: SGBX) is a modular solutions company that specializes in the design, manufacture, and delivery of environmentally sustainable projects. Through its subsidiaries, the Company delivers innovative solutions in modular construction, real estate development, and sustainable operations. For more information, please visit: www.safeandgreenholdings.com.
Forward-Looking Statements
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. 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.
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