Safe & Green Development Corporation, a Delaware corporation trading on Nasdaq under the symbol SGD, has filed a prospectus relating to the resale of up to 11,000,000 shares of common stock. The shares are being resold by several entities collectively known as the Selling Stockholders, which include Arena Special Opportunities Partners II, LP, Arena Special Opportunities (Offshore) Master, LP, Arena Special Opportunities Partners III, LP, Arena Special Opportunities Fund, LP, and Arena Business Solutions Global SPC II, Ltd (Arena Global). The resale is connected to the conversion of secured convertible debentures and the exercise of warrants issued pursuant to a Securities Purchase Agreement dated August 12, 2024. Additionally, shares issued to Arena Global as a commitment fee pursuant to a private equity line purchase...Show More

Safe & Green Development Corporation, a Delaware corporation trading on Nasdaq under the symbol SGD, has filed a prospectus relating to the resale of up to 11,000,000 shares of common stock. The shares are being resold by several entities collectively known as the Selling Stockholders, which include Arena Special Opportunities Partners II, LP, Arena Special Opportunities (Offshore) Master, LP, Arena Special Opportunities Partners III, LP, Arena Special Opportunities Fund, LP, and Arena Business Solutions Global SPC II, Ltd (Arena Global). The resale is connected to the conversion of secured convertible debentures and the exercise of warrants issued pursuant to a Securities Purchase Agreement dated August 12, 2024. Additionally, shares issued to Arena Global as a commitment fee pursuant to a private equity line purchase agreement are included. The Selling Stockholders may sell the shares on the open market or in private transactions at fixed or negotiated prices, and the transactions may involve block trades or underwritten offerings. Safe & Green Development will not receive any proceeds from the resale of shares by the Selling Stockholders but may receive proceeds from the cash exercise of warrants. The last reported sale price of SGD's common stock on Nasdaq as of September 30, 2024, was $0.319 per share. The company has highlighted the risks involved in investing in the common stock, urging prospective purchasers to carefully consider the detailed risk factors provided in the prospectus.