Safe & Green Holdings Receives Extension, Through November 12, 2024, To Regain Compliance With Nasdaq's Minimum Stockholders' Equity Requirement

7/25/24 8:44:38 AM ET

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Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, is pleased to announce it has received an extension of time, through November 12, 2024, to regain compliance with Nasdaq's Listing Rule 5550(b), which requires a minimum of $2,500,000 stockholders' equity. The Company expects to regain full compliance with the stockholders' equity requirement as a result of the recent private placement, cost-cutting initiatives aimed at achieving positive cash flow in 2024, ongoing debt reduction, and other strategic initiatives underway.

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Aegis Capital Corp. Acted as Exclusive Placement Agent on a ~$2.4 Million Warrant Inducement for Safe & Green Holdings Corp. (NASDAQ: SGBX)
NEW YORK, NY / ACCESSWIRE / November 8, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a ~$2.4 Million Warrant Inducement for Safe & Green Holdings Corp. (NASDAQ:SGBX).About for Safe & Green Holdings Corp.Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States. It redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into Safe & Green, which are green building blocks for construction. The company serves architects, landowners, builders, and developers. The company was formerly known as SG Blocks, Inc and
11/8/24 10:15:00 AM ET
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Safe & Green Holdings Corp. Announces Entry into Warrant Inducement Transaction for $2.4 Million in Gross Proceeds
MIAMI, FL, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, announced today that it has entered into an agreement with a single investor that is an existing holder of warrants to purchase shares of common stock of the Company for cash (the "Existing Warrants"), wherein the investor agreed to exercise the Existing Warrants to purchase up 2,758,620 shares of common stock at a reduced exercise price of $0.8718 per share, resulting in gross proceeds of approximately $2.4 million, before deducting offering fees and other expenses payable by the Company.
11/6/24 2:35:00 PM ET
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Safe & Green Holdings Corp. Announces Successful Completion of Two Major Projects for U.S. Government Contractor
MIAMI, FL, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, today announced that its subsidiary, SG Echo, has successfully completed two substantial projects for a long-time customer, a large contractor to a U.S. government agency. The contracts, totaling 45 container-style office units, included one order for 15 units and another for 30 units, resulting in significant time and material savings for the customer. The entire design-to-completion process highlights SG Echo's rapid production capabilities, high-quality manufacturing, and commitment to time
10/30/24 8:30:00 AM ET
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Safe & Green Holdings Corp. Announces Appointment of Thomas Meharey to the Company's Board of Directors
Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced the appointment of Thomas Meharey as an independent member of the Company's board of directors, increasing the size of the board to seven directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231102033570/en/Thomas Meharey (Photo: Business Wire) Thomas Meharey acquired exceptional leadership skills and learned the value of true discipline and integrity while serving our country as a marine from 1999-20
11/2/23 9:00:00 AM ET
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Safe & Green Holdings Corp. Announces the Appointment of Jill Anderson to the Company's Board of Directors
Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced the appointment of Jill Anderson to the Company's Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230831674854/en/Jill Anderson (Photo: Business Wire) Ms. Anderson currently serves as Chief Legal Officer of miR Scientific, LLC, a precision healthcare company committed to transforming cancer management globally by developing non-invasive tests for the detection and risk classification of
9/5/23 8:30:00 AM ET
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Safe & Green Holdings Corp. Announces the Appointment of Vanessa Villaverde to the Company's Board of Directors
Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced the appointment of Vanessa Villaverde to the Company's Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230830299777/en/Vanessa Villaverde (Photo: Business Wire) Vanessa Villaverde is known throughout healthcare policy circles for leveraging her expertise in both government and the private sector to structure private-public partnerships that create better access, more affordable, and more
8/30/23 8:30:00 AM ET
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Safe & Green Holdings Reports Second Quarter 2024 Results and Provides a Business Update
Gross profit increases over four-fold; operating expenses reduced 48% Reports record sales pipeline in excess of $25 million On track to achieve positive cash flow before year-end MIAMI, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, reported results for the three months ended June 30, 2024. Key Highlights: Record sales pipeline in excess of $25 million and positive outlook for H2 2024Gross profit margin in Q2 2024 increased to 12.7% compared to 0.7% for Q2 2023Operating expenses declined by $2.7 million in Q2 2024 versus the same period last y
8/14/24 4:30:44 PM ET
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Safe and Green Development Corporation Acquires XENE Real Estate AI Software
MIAMI, Fla, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ:SGD) ("SG Devco" or the "Company"), today announced that it has closed on the previously announced acquisition of Majestic World Holdings ("MWH"), a real estate technology firm and owner of the Xene AI Software platform ("XENE Platform"). The purchase price for the acquisition consists of an aggregate of $500 thousand in cash to be paid over 5 quarters and 500,000 shares of SG Devco restricted stock valued at $1.075 million, or $2.15 per share. Under the terms of the agreement, Matthew Barstow, MWH CEO & President will become Senior Vice President of Innovation at SG Devco. The acquisition is a mi
2/8/24 9:00:00 AM ET
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Safe & Green Holdings Reports Third Quarter 2023 Results; Manufacturing & Construction Services Revenue Increases 48% Over the Same Period Last Year
Company to Host Conference Call Today, November 14th, at 4:30 PM Eastern Time (details below) Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, reported results for the three months ended September 30, 2023. Recent Highlights: Achieves 48% year-over-year increase in manufacturing & construction services revenue for the third quarter of 2023 SG Echo awarded multi-million-dollar contract to supply additional modular units to a long-standing private infrastructure solutions client SG Echo received Louisiana licensure to ta
11/14/23 4:05:00 PM ET
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Safe & Green Holdings Receives Extension, Through November 12, 2024, To Regain Compliance With Nasdaq's Minimum Stockholders' Equity Requirement

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Recent Analyst Ratings for
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$SGBX
Press Releases

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Aegis Capital Corp. Acted as Exclusive Placement Agent on a ~$2.4 Million Warrant Inducement for Safe & Green Holdings Corp. (NASDAQ: SGBX)

Safe & Green Holdings Corp. Announces Entry into Warrant Inducement Transaction for $2.4 Million in Gross Proceeds

Safe & Green Holdings Corp. Announces Successful Completion of Two Major Projects for U.S. Government Contractor

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Safe & Green Holdings Corp. Announces Appointment of Thomas Meharey to the Company's Board of Directors

Safe & Green Holdings Corp. Announces the Appointment of Jill Anderson to the Company's Board of Directors

Safe & Green Holdings Corp. Announces the Appointment of Vanessa Villaverde to the Company's Board of Directors