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    Amendment: Safe and Green Development Corporation filed SEC Form 8-K: Financial Statements and Exhibits

    8/20/25 4:51:14 PM ET
    $SGD
    Real Estate
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    true 0001959023 0001959023 2025-05-29 2025-05-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 8-K/A

    (Amendment No. 2)

     

    CURRENT REPORT

     

    PURSUANT TO SECTION 13 OR 15(d) OF THE

    SECURITIES EXCHANGE ACT OF 1934

     

    Date of Report (Date of earliest event reported): May 29, 2025

     

    SAFE AND GREEN DEVELOPMENT CORPORATION

    (Exact Name of Registrant as Specified in its Charter)

     

    Delaware   001-41581   87-1375590
    (State or Other Jurisdiction
    of Incorporation)
      (Commission File Number)   (I.R.S. Employer
    Identification Number)

     

    100 Biscayne Blvd, #1201

    Miami, FL 33132

    (Address of Principal Executive Offices, Zip Code)

     

     

    (Former name or former address, if changed since last report.)

     

    Registrant’s telephone number, including area code: 646-240-4235

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
       
    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
       
    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
       
    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
    Common Stock, par value $0.001‌   SGD   The Nasdaq Stock Market LLC‌

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company ☒

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

     

     

     

    Explanatory Note

     

    Safe and Green Development Corporation (the “Company”) is filing this Amendment No. 2 on Form 8-K/A to amend its Current Report on Form 8-K, filed with the Securities and Exchange Commission on June 4, 2025, (the “Original Form 8-K”), as amended by its Amendment No. 1 on Form 8-K/A filed with the Securities and Exchange Commission on August 12, 2025 (the “Form 8-K/A1”), solely to include Exhibit 23.1. Other than the updated exhibit index and Exhibit 23.1, this filing does not update, amend, or modify any information, statement or disclosure contained in or filed with the Original Form 8-K or Form 8-K/A1.

     

    1

     

     

    Item 9.01. Financial Statements and Exhibits

     

    (a)Financial Statements of Businesses Acquired

     

    (i)The audited balance sheets of Resource Group US Holdings LLC as of December 31, 2024 and 2023, and the related statements of operations, changes in member’s deficit, and cash flows for the years then ended, are included as Exhibit 99.3 to this Report and are incorporated by reference herein. +++

     

    (b) Pro Forma Financial Information

     

    (i)The unaudited pro forma combined balance sheet of Safe and Green Development Corporation as of March 31, 2025, December 31, 2024 and December 2023, and the unaudited pro forma combined statements of operations for the three months ended March 31, 2025 and 2024 and the years ended December 31, 2024 and 2023, giving effect to the Acquisition as if it had occurred on January 1, 2023, are included as Exhibit 99.4 to this Report and are incorporated by reference herein. +++

     

    (c) Exhibits

     

    The following exhibits are filed with this Current Report on Form 8-K:

     

    Exhibit
    Number
      Exhibit Description
    3.1+   Amendment No. 1 to the Amended and Restated Bylaws
    4.1+   Certificate of Designations of Series A Convertible Preferred Stock
    10.1+   Amendment to Membership Interest Purchase Agreement
    10.2+   Form of Promissory Note
    10.3+   Note issued to James Burnham 
    99.1++   Press Release dated June 3, 2025
    23.1*   Consent of M&K CPA’s, PLLC independent registered public accounting firm
    99.2+   Pro Forma Balance Sheet
    99.3+++   Audited Financial Statements of Resource Group US Holdings LLC for the years ended December 31, 2024 and 2023
    99.4 +++   Unaudited Pro Forma Combined Financial Information of Safe and Green Development Corporation
    99.5+++   Unaudited Financial Statements of Resource Group US Holdings LLC for the three months ended March 31, 2025 and March 31, 2024
    104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

     

    * Filed herewith
    + Previously filed with the Original Form 8-K
    ++ Previously furnished with the Original Form 8-K
    +++ Previously filed with Form 8-K/A1

     

    2

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

      SAFE AND GREEN DEVELOPMENT CORPORATION
         
    Dated: August 19, 2025 By: /s/ Nicolai Brune
        Name: Nicolai Brune
        Title: Chief Financial Officer

     

    3

     

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