Safe & Green Development Corp Stock Price, News & Analysis

Safe and Green Development Corporation (NASDAQ: SGD) has appointed three new board members following its acquisition of Resource Group US Holdings LLC. The new directors are Bjarne Borg, Executive Chairman of Index Investment Group with 35+ years of experience in real estate and renewable energy; James D. Burnham, President of JDB Consulting Services with 30+ years in M&A and project development; and Anthony M. Cialone, President and COO of Resource Group US, LLC with extensive executive leadership experience. The appointments strengthen SGD's leadership team as it focuses on scaling its platform in green real estate development, environmental services, and prop-tech solutions through its subsidiaries Resource Group US Holdings LLC and Majestic World Holdings LLC.

Safe and Green Development Corporation (NASDAQ: SGD) has announced that its subsidiary, Resource Group, is expanding into high-value potting media and soil substrates production using advanced Microtec milling technology. The company plans to launch sustainable soil products under the 'Renewable Earth' brand, targeting a market where product pricing could reach $150 per ton - up to five times the value of traditional compost. The expansion leverages Resource's exclusive license for patented German-engineered Microtec systems, with installation expected in Q3. The strategy aims to transform woody and vegetative waste into premium sustainable products, reducing reliance on peat and imported coir while creating circular economic value. This initiative is part of SGD's broader strategy to integrate Resource's logistics and processing capabilities to build a scalable, environmentally responsible business model.

Safe and Green Development Corporation (NASDAQ: SGD) has completed the acquisition of Resource Group US Holdings LLC, marking a strategic shift towards revenue-generating operations. The acquisition includes Resource Group's complete operational infrastructure, featuring a permitted composting facility, two green waste aggregation sites, and a transportation fleet. Resource Group specializes in converting organic green waste materials into engineered soil and mulch products. This strategic move enhances SGD's capabilities in environmental solutions and positions the company in the sustainable waste management sector.

Safe and Green Development Corporation (NASDAQ: SGD) has issued a shareholder letter addressing recent stock trading activity. CEO David Villarreal confirmed that the company's pending acquisition of Resource Group US Holdings LLC remains on track, with Resource Group showing revenue growth from $16 million in 2023 to $19.1 million in 2024. Post-acquisition, SGD anticipates pro forma revenues of approximately $25 million in 2025. The acquisition will result in Resource Group receiving 49% of SGD's outstanding shares through a combination of restricted common stock and convertible notes. SGD maintains its focus on real estate development, proprietary technology platforms, and strategic acquisitions. The company believes its current market capitalization undervalues its intrinsic worth, particularly considering the Resource Group transaction's revenue trajectory.

Safe and Green Development (NASDAQ: SGD) has reported its 2024 year-end highlights, featuring the planned acquisition of Resource Group US Holdings (RSG). Based on preliminary unaudited results, RSG generated $18.75 million in revenue in 2024, with gross profit of $9.4 million and a reduced net loss of $936,000.

Key 2024 highlights include:

• First positive Adjusted EBITDA of $38,841 in Q4 2024
• Sale of St. Mary's property for $1.4 million
• Completion of first five homes in Sugar Phase I development in Texas
• Secured potential $10 million investment from Arena Investors

The company reported a full-year 2024 net loss of $8.9 million, with interest expense of $3.47 million. The RSG acquisition, expected to close by Q2 2025, aims to position SGD for long-term growth in engineered soils and composting sector.

Safe and Green Development (NASDAQ: SGD) has released unaudited financial information for Resource Group US Holdings (RSG), which it plans to acquire. The preliminary results show that for 2024:

RSG's consolidated entity generated revenue of $18.75 million, with gross profit of $9.4 million and a net loss of $936,000. Its subsidiary RGUS reported revenue of $5.2 million with a net loss of $1.8 million, while ZEI generated revenue of $13.4 million with net income of $907,000.

For 2023, RSG reported consolidated revenue of $17.5 million, gross profit of $7.8 million, and a net loss of $6.2 million. The company expects to complete audited financial statements for both years in the coming weeks. SGD plans to issue restricted common stock under a convertible note that will equal 49% of SGD's outstanding shares at closing.

Safe and Green Development (NASDAQ: SGD) has provided updated details for its previously announced stock dividend. The company will distribute a stock dividend of 0.05 shares of common stock for each outstanding share, effectively giving shareholders one additional share for every twenty shares held.

Key dates include:

• Record date: April 7, 2025
• Distribution date: After market close on April 22, 2025
• Ex-dividend date: April 7, 2025 (market open)

This announcement corrects a previous disclosure that incorrectly stated trading would begin on a dividend-adjusted basis on April 23, 2025. Fractional shares will be settled in cash based on the opening price of the common stock on April 8, 2025.

Safe and Green Development (NASDAQ: SGD) has announced a stock dividend for its shareholders. The Board of Directors has declared a dividend of 0.05 shares of common stock for each outstanding share, equivalent to one additional share for every twenty shares held.

The stock dividend will be distributed after market close on April 22nd, 2025, with trading on a dividend-adjusted basis beginning on April 23rd, 2025. Shareholders of record as of April 7, 2025, will be eligible for the dividend. Any fractional shares will be settled in cash based on the opening price of common stock on April 8, 2025.

Safe and Green Development (NASDAQ: SGD) has announced its decision to acquire 100% of Resource Group US Holdings , a company with exclusive technology in the composting and engineered soils industry. The acquisition represents a strategic shift in SGD's business model, combining their real estate development expertise with Resource Group's technology.

Resource Group has shown significant growth, with revenues increasing from $16 million in 2023 to $19.1 million in 2024 (unaudited). SGD anticipates pro forma revenues of approximately $25 million in 2025. The deal structure includes issuing restricted common stock through a convertible note, which together with additional share issuance will equal 49% of SGD's outstanding shares at closing.

The acquisition target's vertical integration, logistics business ownership, and scalable business model position it to address a $3.2 billion market in Florida. The transaction completion is subject to customary closing conditions and Resource Group's audit completion.