Summary by Futu AI
Safe and Green Development Corporation (SG DevCo) has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed public offering of up to 10,607,667 units. Each unit consists of either one share of common stock or one pre-funded warrant to purchase one share of common stock, and one common warrant to purchase one share of common stock. The offering is on a best-efforts basis with no minimum proceeds requirement and is expected to close on June 30, 2024, unless terminated earlier at SG DevCo's discretion. The units are offered at an assumed price of $0.6599 per unit, equivalent to the closing price of SG DevCo's common stock on Nasdaq on May 2, 2024. The proceeds from...Show More