Safe & Green Development Corp, a Delaware-incorporated company, has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new securities offering. The filing, dated August 21, 2024, reveals that the company is offering equity, debt, options, warrants, and other securities, with the first sale yet to occur as of the filing date. The total offering amount is listed as $10,277,777, with $1,388,888 already sold and a minimum investment of $100,000 from outside investors. The company has declined to disclose its revenue range or aggregate net asset value. The offering is being made under Rule 506(b) of Regulation D, which allows for the sale of securities without SEC registration, provided that the securities are sold primarily to accredited investors. The...Show More

Safe & Green Development Corp, a Delaware-incorporated company, has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new securities offering. The filing, dated August 21, 2024, reveals that the company is offering equity, debt, options, warrants, and other securities, with the first sale yet to occur as of the filing date. The total offering amount is listed as $10,277,777, with $1,388,888 already sold and a minimum investment of $100,000 from outside investors. The company has declined to disclose its revenue range or aggregate net asset value. The offering is being made under Rule 506(b) of Regulation D, which allows for the sale of securities without SEC registration, provided that the securities are sold primarily to accredited investors. The company's executive officers and directors, including Chief Financial Officer Nicolai Brune, are listed in the filing. Sales commissions are estimated at $60,000, payable to Maxim Group LLC, with potential additional fees upon the closing of subsequent tranches. The proceeds from the offering are intended for working capital and other corporate purposes, with no direct payments to the named officers or directors.