Safe & Green Development Corp, a Delaware-based company, has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice for an exempt offering of securities. The filing, dated April 29, 2024, reports that the company has already sold $350,000 USD out of a total offering amount of $1,200,000 USD, with $850,000 USD remaining to be sold. The securities offered include equity, debt, options, warrants, and other rights to acquire securities. The minimum investment accepted from any outside investor is set at $350,000 USD. The company has engaged Maxim Group LLC for sales compensation, with an estimated $18,900 USD in sales commissions already paid and potential additional fees of $45,900 USD if further tranches close. The proceeds from the offering are intended...Show More

Safe & Green Development Corp, a Delaware-based company, has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice for an exempt offering of securities. The filing, dated April 29, 2024, reports that the company has already sold $350,000 USD out of a total offering amount of $1,200,000 USD, with $850,000 USD remaining to be sold. The securities offered include equity, debt, options, warrants, and other rights to acquire securities. The minimum investment accepted from any outside investor is set at $350,000 USD. The company has engaged Maxim Group LLC for sales compensation, with an estimated $18,900 USD in sales commissions already paid and potential additional fees of $45,900 USD if further tranches close. The proceeds from the offering are intended for working capital and other corporate purposes, with no part of the proceeds planned for payments to executive officers, directors, or promoters. The issuer has one investor so far and has not disclosed the use of proceeds for payments to named individuals, although it is possible that some proceeds may indirectly be used for paying salaries, including to executive officers.