Safe and Green Development Corporation (SG DevCo), a Delaware corporation, has filed a prospectus with the SEC detailing the resale of up to 6,266,818 shares of common stock. The shares are being resold by Peak One Opportunity Fund, L.P. (Peak One) and Peak One Investments, LLC, collectively referred to as the Selling Stockholders. The resale includes shares issuable upon the conversion of two 8% convertible debentures and upon the exercise of outstanding warrants, as well as commitment shares and shares that may be sold under an Equity Purchase Agreement. The Selling Stockholders may sell the shares on the Nasdaq Capital Market or in private transactions at fixed or negotiated prices. SG DevCo will not sell any securities under this prospectus and...Show More

Safe and Green Development Corporation (SG DevCo), a Delaware corporation, has filed a prospectus with the SEC detailing the resale of up to 6,266,818 shares of common stock. The shares are being resold by Peak One Opportunity Fund, L.P. (Peak One) and Peak One Investments, LLC, collectively referred to as the Selling Stockholders. The resale includes shares issuable upon the conversion of two 8% convertible debentures and upon the exercise of outstanding warrants, as well as commitment shares and shares that may be sold under an Equity Purchase Agreement. The Selling Stockholders may sell the shares on the Nasdaq Capital Market or in private transactions at fixed or negotiated prices. SG DevCo will not sell any securities under this prospectus and will not receive proceeds from the Selling Stockholders' sales. However, the company may receive proceeds from the sale of shares under the Equity Purchase Agreement to Peak One and from any cash exercise of warrants by Peak One Investments. The Selling Stockholders are considered 'underwriters' within the meaning of the Securities Act of 1933. SG DevCo's common stock is listed on the Nasdaq Capital Market under the symbol 'SGD.' The last reported sale price of SG DevCo's common stock on June 12, 2024, was $0.46 per share. Investing in the common stock involves a high degree of risk, and the company urges prospective purchasers to carefully consider the risks described in the prospectus.