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Safe & Green Development | 424B3: Prospectus

Safe & Green Development | 424B3:募資說明書

美股SEC公告 ·  2023/12/28 17:55
牛牛AI助理已提取核心訊息
Safe and Green Development Corporation (SG DevCo), a real estate development company, has announced a series of financial and corporate developments. The company, which specializes in green single or multi-family projects, has not generated revenue since inception and has been reliant on its parent company, Safe & Green Holdings Corp. (SG Holdings), for funding. SG DevCo has been involved in property acquisitions and holds minority interests in two entities with development projects. In December 2022, SG Holdings announced plans to separate SG DevCo into a standalone publicly traded company. The separation was effected through a pro rata distribution of approximately 30% of SG DevCo's common stock to SG Holdings' stockholders. Following the distribution, SG DevCo's common stock began trading on...Show More
Safe and Green Development Corporation (SG DevCo), a real estate development company, has announced a series of financial and corporate developments. The company, which specializes in green single or multi-family projects, has not generated revenue since inception and has been reliant on its parent company, Safe & Green Holdings Corp. (SG Holdings), for funding. SG DevCo has been involved in property acquisitions and holds minority interests in two entities with development projects. In December 2022, SG Holdings announced plans to separate SG DevCo into a standalone publicly traded company. The separation was effected through a pro rata distribution of approximately 30% of SG DevCo's common stock to SG Holdings' stockholders. Following the distribution, SG DevCo's common stock began trading on the Nasdaq Capital Market under the symbol 'SGD'. SG DevCo has also entered into agreements with Peak One for a private placement offering and an equity purchase agreement, which include the issuance of convertible debentures, warrants, and commitment shares. Additionally, SG DevCo has engaged in financing activities, including bridge note financing and securing loans secured by its property assets. The company has also adopted a 2023 Incentive Compensation Plan and entered into various agreements related to its separation from SG Holdings, including a tax matters agreement and a shared services agreement.
房地產開發公司安全與綠色發展公司(SG DevCo)宣佈了一系列財務和企業發展。該公司專門從事綠色單戶或多戶住宅項目,自成立以來一直沒有創造收入,並且一直依賴其母公司安全與綠色控股公司(SG Holdings)提供資金。SG DevCo參與了房地產收購,並在兩個有開發項目的實體中持有少數股權。2022年12月,新光控股宣佈計劃將新加坡開發公司分拆爲一家獨立的上市公司。分離是通過將SG DevCo大約30%的普通股按比例分配給SG Holdings的股東實現的。發行後,SG DevCo的普通股開始在納斯達克資本市場上交易,股票代碼爲 “SGD”。SG DevCo還與Peak One簽訂了私募發行...展開全部
房地產開發公司安全與綠色發展公司(SG DevCo)宣佈了一系列財務和企業發展。該公司專門從事綠色單戶或多戶住宅項目,自成立以來一直沒有創造收入,並且一直依賴其母公司安全與綠色控股公司(SG Holdings)提供資金。SG DevCo參與了房地產收購,並在兩個有開發項目的實體中持有少數股權。2022年12月,新光控股宣佈計劃將新加坡開發公司分拆爲一家獨立的上市公司。分離是通過將SG DevCo大約30%的普通股按比例分配給SG Holdings的股東實現的。發行後,SG DevCo的普通股開始在納斯達克資本市場上交易,股票代碼爲 “SGD”。SG DevCo還與Peak One簽訂了私募發行協議和股權購買協議,其中包括髮行可轉換債券、認股權證和承諾股。此外,SG DevCo還從事融資活動,包括過期票據融資和擔保其不動產資產擔保的貸款。該公司還通過了2023年激勵性薪酬計劃,並簽訂了與SG Holdings分離相關的各種協議,包括稅務事項協議和共享服務協議。

譯文內容由第三人軟體翻譯。


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