Safe and Green Development Corporation (SG DevCo) has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) on April 23, 2024. The draft registration statement, which has not been filed publicly, pertains to the company's Form S-1 REGISTRATION STATEMENT under the Securities Act of 1933. SG DevCo, incorporated in Delaware and operating under the Primary Standard Industrial Classification Code Number 6552, is headquartered in Miami, Florida, with David Villarreal serving as the Chief Executive Officer. The company plans to commence the proposed sale to the public as soon as practicable after the effective date of the registration statement. The preliminary prospectus, dated April 23, 2024, outlines the offering of up to 11,111,111 units, each consisting of one share of common...Show More

Safe and Green Development Corporation (SG DevCo) has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) on April 23, 2024. The draft registration statement, which has not been filed publicly, pertains to the company's Form S-1 REGISTRATION STATEMENT under the Securities Act of 1933. SG DevCo, incorporated in Delaware and operating under the Primary Standard Industrial Classification Code Number 6552, is headquartered in Miami, Florida, with David Villarreal serving as the Chief Executive Officer. The company plans to commence the proposed sale to the public as soon as practicable after the effective date of the registration statement. The preliminary prospectus, dated April 23, 2024, outlines the offering of up to 11,111,111 units, each consisting of 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 Maxim Group LLC acting as the exclusive placement agent. The offering is expected to terminate on June 30, 2024, unless closed earlier or terminated at the company's discretion. The securities will be offered at a fixed price, expected to be issued in a single closing, and are not subject to a minimum offering requirement as a condition of closing.