Safe & Green Development Corp, a Delaware-incorporated company, has filed an amended Form D notice with the SEC for an exempt offering of securities. The filing indicates that the company, headquartered in Miami, Florida, has sold $950,000 out of a total offering amount of $1,200,000 as of the first sale date on November 30, 2023. The offering includes equity, debt, options, warrants, and other securities to be acquired upon the exercise of options or warrants. The minimum investment accepted from any outside investor is $1,200,000. The company has declined to disclose its revenue range or aggregate net asset value. The offering, which is not being made in connection with a business combination transaction, is intended to last no more than one year. To date, the...Show More

Safe & Green Development Corp, a Delaware-incorporated company, has filed an amended Form D notice with the SEC for an exempt offering of securities. The filing indicates that the company, headquartered in Miami, Florida, has sold $950,000 out of a total offering amount of $1,200,000 as of the first sale date on November 30, 2023. The offering includes equity, debt, options, warrants, and other securities to be acquired upon the exercise of options or warrants. The minimum investment accepted from any outside investor is $1,200,000. The company has declined to disclose its revenue range or aggregate net asset value. The offering, which is not being made in connection with a business combination transaction, is intended to last no more than one year. To date, the company has issued 135,000 commitment shares, warrants to purchase 475,000 shares, and $950,000 principal amount of debentures, with the possibility of issuing an additional 35,000 commitment shares, a warrant to purchase 125,000 shares, and $250,000 principal amount of debentures. Only one investor has participated in the offering so far, and sales commissions of $51,300 have been estimated. Maxim Group LLC is associated with the offering but is not receiving a broker or dealer commission. The proceeds from the offering are intended for working capital and other corporate purposes, which may indirectly include salaries for employees and executive officers.