Summary by Futu AI
Safe and Green Development Corporation (SG DevCo) has filed a prospectus with the SEC for the resale of up to 1,999,000 shares of its common stock by certain selling stockholders. The shares may be sold on the Nasdaq Capital Market or other exchanges and include 100,000 SPA Commitment Shares, up to 350,000 Warrant Shares, up to 999,000 Debenture Shares, 100,000 EP Commitment Shares, and up to 450,000 shares that may be sold to Peak One pursuant to an Equity Purchase Agreement. The selling stockholders may use various methods for the sale, including ordinary brokerage transactions, block trades, and private transactions. The company will not receive any proceeds from the sales but will bear the costs associated with the registration of the shares. The filing is part...Show More