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Hot Stocks
Safe & Green provides update on planned sale of Lago Vista property » 08:39
05/22/23
05/22
08:39
05/22/23
08:39
SGBX

Safe & Green

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Safe & Green Holdings…

Safe & Green Holdings provided an update on the planned sale of its Lago Vista property, as well as the pending purchase and refinancing of its Waldron production facility. The Lago Vista property auction is slated to end on June 7, with the closing of the transaction expected approximately a month later. The site, initially acquired for about $3.5M, is expected to be sold for a substantially higher sum than the purchase price. The Company is also planning to acquire its Waldron manufacturing facility in the coming weeks. This facility has been under lease since November 2021 and came with an option to purchase the facility for $1M. Subsequent to the original lease agreement, the Company has funded approximately $2.5M of upgrades to the facility. As a result, the facility was recently appraised for $5.2M, which is approximately $1.7M over the Company's all-in costs. The Company plans to secure a commercial mortgage on the facility, which would fund the purchase and provide the Company additional working capital. Additionally, the Company secured $475K in net proceeds of non-dilutive funding through a cash advance agreement. It is anticipated that these transactions will furnish the Company with significant non-dilutive financing intended to further accelerate the Company's growth trajectory. "When we reported our 2022 year-end results, we expressed our conviction that our assets could be monetized at attractive returns and/or leveraged to obtain low-cost debt funding for the Company, substantially reducing our dependence on the equity markets to fund our growth initiatives," stated Paul Galvin, the Chairman and CEO of Safe & Green. "These transactions illustrate the strength of our asset base and ability to secure non-dilutive funding. The cash advance agreement fortifies our operating reserves and strengthens our balance sheet as we move

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Over a month ago
Hot Stocks
Safe & Green appoints Patricia Kaelin as CFO » 09:04
05/02/23
05/02
09:04
05/02/23
09:04
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Safe & Green…

Safe & Green announced the appointment of Patricia Kaelin as the company's new CFO, effective May 2. Kaelin is a member of the AICPA with more than 25 years of financial leadership, strategic planning, and public company experience. She has served as CFO for public and privately held companies and has extensive experience in the construction, real estate, manufacturing and healthcare industries.

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Hot Stocks
Safe & Green obtains certificate of occupancy for Waldron facility » 08:34
04/21/23
04/21
08:34
04/21/23
08:34
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Safe & Green…

Safe & Green announced that the company has obtained a certificate of occupancy for its SG Echo at Waldron facility, located in Durant, Oklahoma. With the property now meeting all code and usage requirements, the facility is complete and prepared to take on new projects.

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Syndicate
Safe & Green files to sell 2.76M shares of common stock for holders  17:27
04/05/23
04/05
17:27
04/05/23
17:27
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Hot Stocks
SG Echo to provide additional 90 units for approximately $6M » 08:44
04/04/23
04/04
08:44
04/04/23
08:44
SGBX

Safe & Green

$1.04 /

+0.03 (+2.97%)

Safe & Green Holdings…

Safe & Green Holdings announced that SG Echo, a subsidiary of Safe & Green Holdings , has entered into an agreement to provide an additional 90 units for a private, long-standing client, with a price tag of roughly $6M. The order consists of 90 units which are part of an ongoing programmatic ordering process between the two companies. 80 of the units are a second product line from this client that fit into SG Echo's existing capacity and expertise in manufacturing. "It's very rewarding to see a relationship grow and expand the way it has with this client of ours," David Cross, Vice President of Business Development with Safe & Green Holdings Corp. noted. "As our clients transform themselves, we intend to support this evolution via our factory growth coupled with production enhancements. It is beneficial to be as nimble as we are; creating the solutions needed for our clients. This is a customer that really believes in us and has come to us with a variety of needs that we're happy to help with." The deliveries of the current set of units are anticipated to conclude in Q3 2023. The Company will provide further updates as appropriate on the current order, future orders and the evolving relationship with the private client.

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SGBX Safe & Green
$1.04 /

+0.03 (+2.97%)

SGBX Safe & Green
$1.04 /

+0.03 (+2.97%)

Over a quarter ago
Hot Stocks
Safe & Green issues update letter to stockholders » 08:51
02/16/23
02/16
08:51
02/16/23
08:51
SGBX

Safe & Green

$1.16 /

-0.03 (-2.52%)

Paul Galvin, chairman and…

Paul Galvin, chairman and CEO of Safe & Green as well as David Villarreal, CEO of Safe and Green Development Corporation, issued the following letter to stockholders. The company said, "Since its formation in early 2021, the development arm of Safe & Green Holdings Corp. (the "Company") has been busy transactionally at the asset and corporate level. As a means of keeping all stakeholders up to date, below is a quick summary of activities and events: At the corporate level, the following: We continue to work diligently toward the 30% spin out of SG DevCo from the parent company, Safe & Green Holdings. To date: We submitted the Form 10 in December, received comments and recently re-submitted it A third party completed a full audit on SG DevCo A third party issued a fairness opinion of the SG DevCo at a value of $74M Our listing application has been submitted to NASDAQ We created a Board of Directors that will be officially formed upon listing We are currently forming a management team David Villarreal is our announced CEO We anticipate a successful spin out in Q2 2023 At the asset level: Lago Vista: We extended the existing loan by one year and will continue to pursue the strategy described below: The "sale via auction" is underway. The process is as follows: Dedicated website launch; first half of March 2023 Due diligence phase with pre-vetted Buyers (60 days, approximately) Bidding process (30 days, approximately) Closing anticipated for Q2 2023 In addition, we will continue to work on an asset development plan, if that is the preferred route. Waldron: We leased this site with a right-to-purchase (at $1M) starting early 2022 We plan on closing on the property before April 2023 We are near completion with a $2.3M renovation A recent third-party appraisal valued the site at $5.2M We anticipate opening in late Q2 2023 Cumberland & St. Marys Sites: The sites and projects continue to go through the planning process. The unit count remains approximately 3,500, or 2M square feet, which will be produced at St. Marys factory over 8-10 years. Safe & Green Holdings has a non-dilutable interest of 10% in the project which was recently valued at 300+% our original basis. We should see the projects kick off Q3/Q4 2023. We recently announced the Monticello project received its Certificate of Occupancy for Phase 1 which should trigger a $750,000 payment in 2023. We continue with planning and seeking partners on all other sites. We continue to review new sites routinely in the hopes of achieving a unit count at or above 10,000. We thank you for continued interest in Safe & Green Holdings and its subsidiaries."

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SGBX Safe & Green
$1.16 /

-0.03 (-2.52%)

SGBX Safe & Green
$1.16 /

-0.03 (-2.52%)

Hot Stocks
Safe & Green to deliver four medical modules to The Peoples Health Care » 08:36
02/14/23
02/14
08:36
02/14/23
08:36
SGBX

Safe & Green

$1.25 /

-0.02 (-1.57%)

Safe & Green…

Safe & Green announced that the company has entered into an agreement with The Peoples Health Care, a non-profit organization, based in Glendale, California, working in conjunction with Teamsters Local 848, to deliver on or before the end of the second quarter four full mobile medical modules consisting of one Testing Module, one CLIA Lab Facility Module and two Primary Care Modules to locations to be designated by the parties. Each of the medical modules will be ADA compliant and fully designed and equipped with the necessary equipment for a turnkey operation to provide medical services consistent with industry standards. The company is engaged in negotiations with Transcend Health to serve as the clinical operator and staffer of the medical modules providing union members with general wellness, point-of-care medicine, and primary care. Amenities are expected to include, but are not limited to, general wellness, vaccines and testing, specialist referrals, urgent care, imaging and pathological diagnostics, and pharmacy services.

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SGBX Safe & Green
$1.25 /

-0.02 (-1.57%)

SGBX Safe & Green
$1.25 /

-0.02 (-1.57%)

SGBX Safe & Green
$1.25 /

-0.02 (-1.57%)

Hot Stocks
Safe & Green obtains certificate of occupancy for Monticello project » 08:37
02/13/23
02/13
08:37
02/13/23
08:37
SGBX

Safe & Green

$1.27 /

-0.01 (-0.78%)

Safe & Green…

Safe & Green announced that the company has obtained a certificate of occupancy for its Monticello project, located in the Catskills region. Given that the property has now been deemed habitable and meets all code and usage requirements, the leasing process can begin.

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SGBX Safe & Green
$1.27 /

-0.01 (-0.78%)

SGBX Safe & Green
$1.27 /

-0.01 (-0.78%)

SGBX Safe & Green
$1.27 /

-0.01 (-0.78%)

Hot Stocks
Safe & Green CEO issues letter about shareholder reporting non-compliance » 08:38
02/02/23
02/02
08:38
02/02/23
08:38
SGBX

Safe & Green

$1.60 /

+0.07 (+4.58%)

On February 2 Paul…

On February 2 Paul Galvin, Chairman and CEO of Safe & Green Holdings issued the following letter to stockholders. "This communication is to update you regarding the on-going situation pertaining to shareholder reporting non-compliance. We are aware of an investor who voted 693,600 shares at the Annual Shareholder Meeting without being in compliance with regulatory reporting requirements. The shareholder voted over 5% of the Company without filing any Section 13 Reports. ..Despite our best efforts, they have not filed to date and we believe continue to be active in the stock. Hence, adding additional non-compliance and violations of law each time. At this time, we have exhausted our efforts in this area. It is a regulatory matter and thus out of our hands."

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SGBX Safe & Green
$1.60 /

+0.07 (+4.58%)

SGBX Safe & Green
$1.60 /

+0.07 (+4.58%)

SGBX Safe & Green
$1.60 /

+0.07 (+4.58%)

Hot Stocks
Safe & Green announces company headquarters to move to Miami, Florida » 08:38
01/31/23
01/31
08:38
01/31/23
08:38
SGBX

Safe & Green

$1.54 /

+0.02 (+1.32%)

Safe & Green Holdings…

Safe & Green Holdings announced that the Company has signed an office lease in Miami, Florida, consequently moving the Company headquarters from Jacksonville, Florida to Miami.

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SGBX Safe & Green
$1.54 /

+0.02 (+1.32%)

SGBX Safe & Green
$1.54 /

+0.02 (+1.32%)

SGBX Safe & Green
$1.54 /

+0.02 (+1.32%)

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