Summary by Futu AI
Safe and Green Development Corporation (SG DevCo), a Delaware corporation, has filed a prospectus with the SEC detailing the resale of up to 6,266,818 shares of common stock. The shares are being resold by Peak One Opportunity Fund, L.P. (Peak One) and Peak One Investments, LLC, collectively referred to as the Selling Stockholders. The resale includes shares issuable upon the conversion of two 8% convertible debentures and upon the exercise of outstanding warrants, as well as commitment shares and shares that may be sold under an Equity Purchase Agreement. The Selling Stockholders may sell the shares on the Nasdaq Capital Market or in private transactions at fixed or negotiated prices. SG DevCo will not sell any securities under this prospectus and...Show More