SGD - Mergers and acquisitions

MIAMI, Jan. 30, 2025 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ:SGD) ("SGD" or the "Company") today announced the resolution of certain inter-company financial obligations with Safe & Green Holdings Corp. (SGBX). Under the terms of the agreement, SGD has forgiven and released SGBX from obligations under a promissory note dated August 9, 2023, with a principal amount of $908,322.95 and intercompany advances of $815,522 (which SGD had previously written off its balance sheet as of 12.31.23) in exchange for SGBX forgiving $394,329 of inter-company debt owed to SGBX by SGD and for SGBX transferring 276,425 shares of SGD Common Stock owned by SGBX to SGD. SGD currently plans

MIAMI, Nov. 19, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ:SGD) ("SG Devco" or the "Company") announces it entered two additional joint ventures for the purpose of developing and constructing single-family homes in South Texas. Through the new joint ventures, SG Devco has secured an additional 160 lots bringing the total pipeline in South Texas to over approximately 250 lots for single family home development. The 160 lots are spread across two separate parcels totaling 21 acres that will be developed sequentially. Hacienda Olivia Phases III & IV will be the continuation of Hacienda Olivia Phase II, which is currently undergoing horizontal development with t57 lots

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