Summary by Futu AI
Safe and Green Development Corporation (SGD), listed on the Nasdaq Capital Market under the symbol 'SGD', has filed a prospectus supplement with the SEC on March 11, 2024. This supplement updates and amends the original prospectus dated December 27, 2023, and includes information from the company's recent Form 8-K filed on March 11, 2024. The supplement details a new credit agreement with the Bryan Leighton Revocable Trust, providing SGD with a line of credit up to $250,000, with a maturity date of September 1, 2024. The company has the option to extend the maturity date by six months with mutual consent from the lender. The credit line bears a fixed annual interest rate of 12.0%, with interest payments due monthly. As part of the agreement, SGD issued 154,320 shares of...Show More