Safe and Green Development Corporation Announces Satisfaction of All Outstanding Convertible Debt
Rhea-AI Summary
Safe and Green Development Corporation (NASDAQ: SGD) announced on October 30, 2025 that it has satisfied in full and retired all outstanding convertible debt obligations. The company said this milestone strengthens its balance sheet, enhances financial flexibility and supports management's efforts to accelerate operational momentum across strategic growth initiatives. CEO David Villarreal commented that eliminating the convertible debt advances the company's long-term goal of building sustainable value for shareholders.
Positive
- All outstanding convertible debt satisfied and retired on October 30, 2025
- Balance sheet strengthened through elimination of convertible liabilities
- Enhanced financial flexibility to support strategic growth initiatives
- Management commitment to accelerating operational momentum
Negative
- None.
News Market Reaction
On the day this news was published, SGD gained 7.99%, reflecting a notable positive market reaction. Argus tracked a peak move of +11.4% during that session. Argus tracked a trough of -12.6% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $381K to the company's valuation, bringing the market cap to $5M at that time.
Data tracked by StockTitan Argus on the day of publication.
Miami, FL , Oct. 30, 2025 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”), a real estate and technology development company, today announced that it has satisfied in full and retired all of its outstanding convertible debt obligations.
This milestone marks a significant achievement in strengthening the Company’s balance sheet and demonstrates management’s commitment to accelerating operational momentum across its strategic growth initiatives.
“We are pleased to announce that Safe and Green Development has now fully satisfied and retired all convertible debt previously outstanding,” said David Villarreal, Chief Executive Officer of Safe and Green Development Corporation. “Eliminating this debt enhances our financial flexibility and supports our long-term goal of building sustainable value for our shareholders.”
About Safe and Green Development Corporation
Safe and Green Development Corporation is a real estate development and environmental solutions company. Formed in 2021, it focuses primarily on the direct acquisition and indirect investment in properties across the United States that are intended for future development into green single-family or multifamily housing projects. The Company wholly owns Resource Group US Holdings LLC, an environmental and logistics subsidiary operating a permitted 80+ acre organics processing facility in Florida. Resource processes source-separated green waste and is expanding into the production of sustainable, high-margin potting media and soil substrates through advanced milling technology. Its operations also include a logistics platform that provides transportation services across biomass, solid waste, and recyclable materials, supporting both in-house and third-party infrastructure needs.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are or may be deemed to be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions and include statements regarding
management’s commitment to accelerating operational momentum across its strategic growth initiatives, eliminating the debt enhancing the Company’s financial flexibility and supporting its long-term goal of building sustainable value for shareholders . These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, and expected future developments, as well as other factors the Company believes are appropriate in the circumstances.
Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to maintain adequate liquidity and working capital, the Company’s ability to generate revenue and profitability from its real estate and environmental operations, the Company’s ability to secure and deploy future growth capital, general economic conditions, and 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. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
For Media and IR inquiries please contact:
info@sgdevco.com
FAQ
What did Safe and Green Development (SGD) announce on October 30, 2025 about its debt?
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Does the announcement from Safe and Green Development (SGD) include financial figures or repayment sources?
When did Safe and Green Development (SGD) confirm retirement of its convertible debt?
Will retiring convertible debt affect shareholder dilution for Safe and Green Development (SGD)?
