On May 7, 2024, Safe and Green Development Corporation, also known as SG Devco, announced the signing of an Asset Purchase Agreement (APA) to acquire MyVONIA, an advanced artificial intelligence (AI) assistant technology, from Dr. Axely Congress. MyVONIA is designed to provide users with human-like conversational interactions through text messaging without the need for an app or website. The acquisition involves up to 500,000 shares of SG Devco's common stock, with 200,000 shares issued at closing and an additional 300,000 contingent upon reaching certain milestones. Dr. Congress will also enter a consulting agreement with SG Devco to further develop MyVONIA. The closing of the transaction is expected in the second quarter of 2024. The shares issued will be unregistered, sold under an exemption, and...Show More

On May 7, 2024, Safe and Green Development Corporation, also known as SG Devco, announced the signing of an Asset Purchase Agreement (APA) to acquire MyVONIA, an advanced artificial intelligence (AI) assistant technology, from Dr. Axely Congress. MyVONIA is designed to provide users with human-like conversational interactions through text messaging without the need for an app or website. The acquisition involves up to 500,000 shares of SG Devco's common stock, with 200,000 shares issued at closing and an additional 300,000 contingent upon reaching certain milestones. Dr. Congress will also enter a consulting agreement with SG Devco to further develop MyVONIA. The closing of the transaction is expected in the second quarter of 2024. The shares issued will be unregistered, sold under an exemption, and cannot be offered or sold in the U.S. without registration or an applicable exemption. SG Devco also announced plans for its first Annual Meeting of Stockholders on July 2, 2024, and set May 23, 2024, as the deadline for stockholder proposal submissions. The company's press release highlighted the potential integration of MyVONIA into SG Devco's Xene AI Real Estate Platform, aiming to enhance services for realtors and clients. SG Devco specializes in green real estate development and its subsidiary, Majestic World Holdings LLC, operates the XENE Home Platform, an AI-driven real estate marketplace.