Summary by Futu AI
Safe and Green Development Corporation (SG DevCo) has filed a registration statement with the Securities and Exchange Commission (SEC) on August 30, 2024, for the resale of up to 29,621,009 shares of common stock. The shares are being offered by certain selling stockholders, including Arena Special Opportunities Fund, LP, and Arena Business Solutions Global SPC II, Ltd (Arena Global), among others. The shares may be sold on the Nasdaq Capital Market or other venues, with the method of sale at the discretion of the selling stockholders. SG DevCo will not receive any proceeds from the sale of shares by the selling stockholders. However, the company may receive proceeds from the cash exercise of warrants associated with the shares. The registration statement includes provisions...Show More