Safe and Green Development Corporation (SG DevCo), a Delaware-based company, has filed an Amendment No. 1 to Form S-1 with the Securities and Exchange Commission (SEC) on September 20, 2024. The filing pertains to the registration of 11,000,000 shares of common stock for resale, which may be offered by certain selling stockholders, including Arena Special Opportunities Fund, LP, and Arena Business Solutions Global SPC II, Ltd. The shares include those issuable upon conversion of secured convertible debentures and exercise of warrants previously issued to the selling stockholders. SG DevCo has also entered into a Securities Purchase Agreement and an Equity Line of Credit Purchase Agreement with the selling stockholders, providing the right to purchase additional shares. The company will not receive any proceeds...Show More

Safe and Green Development Corporation (SG DevCo), a Delaware-based company, has filed an Amendment No. 1 to Form S-1 with the Securities and Exchange Commission (SEC) on September 20, 2024. The filing pertains to the registration of 11,000,000 shares of common stock for resale, which may be offered by certain selling stockholders, including Arena Special Opportunities Fund, LP, and Arena Business Solutions Global SPC II, Ltd. The shares include those issuable upon conversion of secured convertible debentures and exercise of warrants previously issued to the selling stockholders. SG DevCo has also entered into a Securities Purchase Agreement and an Equity Line of Credit Purchase Agreement with the selling stockholders, providing the right to purchase additional shares. The company will not receive any proceeds from the sale of shares by the selling stockholders but may receive funds from the cash exercise of warrants. The common stock is listed on the Nasdaq Capital Market under the symbol 'SGD.' The filing includes various legal documents, agreements, and the company's financial statements, which outline the terms of the securities being registered and the company's financial performance.