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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 13:00
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 events. SG DevCo, 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. The company has been involved in the acquisition of properties and investments in entities for future development but has yet to commence development activities. In a significant move, SG Holdings distributed approximately 30% of SG DevCo's outstanding shares to its stockholders, resulting in SG DevCo no longer being a wholly-owned subsidiary. SG DevCo's common stock began trading on the Nasdaq Capital Market under the...Show More
Safe and Green Development Corporation (SG DevCo), a real estate development company, has announced a series of financial and corporate events. SG DevCo, 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. The company has been involved in the acquisition of properties and investments in entities for future development but has yet to commence development activities. In a significant move, SG Holdings distributed approximately 30% of SG DevCo's outstanding shares to its stockholders, resulting in SG DevCo no longer being a wholly-owned subsidiary. SG DevCo's common stock began trading on the Nasdaq Capital Market under the symbol 'SGD' following the distribution. Additionally, SG DevCo has entered into agreements with Peak One for a private placement offering and an equity purchase agreement, which includes the issuance of convertible debentures, warrants, and commitment shares. The company has also engaged in financing activities, including bridge note financing and securing loans for property development. SG DevCo's financial statements reveal a net loss for the recent fiscal periods, raising concerns about its ability to continue as a going concern without further funding from SG Holdings or other sources.
房地產開發公司安全與綠色發展公司(SG DevCo)宣佈了一系列金融和企業活動。專門從事綠色單戶或多戶住宅項目的SG DevCo自成立以來一直沒有創造收入,一直依賴其母公司安全與綠色控股公司(SG Holdings)提供資金。該公司參與了房地產的收購和對實體的投資以供未來發展,但尚未開始開發活動。一項重大舉措是,SG Holdings向其股東分配了SG DevCo約30%的已發行股份,導致SG DevCo不再是全資子公司。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 “新加坡元”。此外,SG DevCo已與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。該公司還從事融資活動,包括過期票據融資和房地產開發擔保貸款。SG DevCo的財務報表顯示了最近幾個財政期的淨虧損,這引發了人們對其在沒有SG Holdings或其他來源進一步融資的情況下繼續經營的能力的擔憂。
房地產開發公司安全與綠色發展公司(SG DevCo)宣佈了一系列金融和企業活動。專門從事綠色單戶或多戶住宅項目的SG DevCo自成立以來一直沒有創造收入,一直依賴其母公司安全與綠色控股公司(SG Holdings)提供資金。該公司參與了房地產的收購和對實體的投資以供未來發展,但尚未開始開發活動。一項重大舉措是,SG Holdings向其股東分配了SG DevCo約30%的已發行股份,導致SG DevCo不再是全資子公司。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 “新加坡元”。此外,SG DevCo已與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。該公司還從事融資活動,包括過期票據融資和房地產開發擔保貸款。SG DevCo的財務報表顯示了最近幾個財政期的淨虧損,這引發了人們對其在沒有SG Holdings或其他來源進一步融資的情況下繼續經營的能力的擔憂。

譯文內容由第三人軟體翻譯。


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