Safe and Green Development Corporation increases sales price of St Mary's to $1.4M
21 5월 2024 - 10:00PM
Safe and Green Development Corporation (NASDAQ: SGD) (“SG DevCo” or
the “Company”) is providing an update on the planned sale of its St
Mary’s property.
The parties have mutually agreed to extend the closing date of
the sale to June 20, 2024. In recognition of the additional
time granted, SG DevCo has reached an agreement with the buyer to
increase the purchase price from $1,350,000 to $1,400,000. In
addition, the purchase price will be paid in cash on the closing
date as the parties have agreed to eliminate the $450,000
promissory note that was part of the original deal. These changes
will not only streamline the closing process but will also result
in the Company realizing higher cash proceeds upon completion of
the transaction.
The Company is confident that these adjustments will positively
impact the transaction, enabling a mutually beneficial outcome for
all parties involved.
About Safe and Green Development Corporation Safe and
Green Development Corporation is a real estate development
company. Formed in 2021, it focuses on the development of sites
using purpose-built, prefabricated modules built from both wood and
steel. The thesis of development is to build strong, innovative and
green, single or multifamily projects across all income and asset
classes. Additionally, a majority owned subsidiary of SG
DevCo, Majestic World Holdings LLC, is a prop-tech company
that has created the XENE Home Platform. It is powered by advanced
AI technology which aims to decentralize the real estate
marketplace, creating an all-in-one solution that brings banks,
institutions, home builders, clients, agents, vendors, gig workers,
and insurers into a seamlessly integrated and structured AI-driven
environment. More information about SG DevCo can be found
at www.sgdevco.com.
Safe Harbor Statement Safe Harbor Statement 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, the
adjustments positively impacting the transaction enabling a
mutually beneficial outcome for all parties involved and Xene Home
creating an all-in-one solution that brings banks, institutions,
home builders, clients, agents, vendors, gig workers, and insurers
into a seamlessly integrated and structured AI-driven environment.
These forward-looking statements are based on certain assumptions
and analyses made by us in light of our experience and our
perception of historical trends, current conditions and expected
future developments, as well as other factors we believe 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 complete the sale
of the St. Mary property as planned, , the Company’s ability to
obtain the capital necessary to fund its activities, the
Company’s ability to attract banks, institutions, home builders,
clients, agents, vendors, gig workers, and insurers to join the
Xene Home platform, the Company’s ability to monetize its real
estate holdings and the other factors discussed in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2023 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 Safe and Green Development
Corporation undertakes no obligation to revise or update this
press release to reflect events or circumstances after the date
hereof.
For investor relations and media inquiries, please
contact: Barwicki Investor Relations Andrew@Barwicki.com
516-662-9461
Safe and Green Development (NASDAQ:SGD)
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부터 8월(8) 2024 으로 9월(9) 2024
Safe and Green Development (NASDAQ:SGD)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024