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Safe & Green Holdings Corp. - SGBX STOCK NEWS

Welcome to our dedicated page for Safe & Green Holdings news (Ticker: SGBX), a resource for investors and traders seeking the latest updates and insights on Safe & Green Holdings stock.

Safe & Green Holdings Corp. (NASDAQ: SGBX) is a pioneering company in modular construction solutions. Leveraging the structural integrity and sustainability of code-engineered cargo shipping containers, the company provides innovative building modules that serve both residential and commercial markets. These modules can be used as permanent or temporary structures, making them ideal for a wide range of applications, including health care facilities, real estate development, and environmental projects.

Safe & Green Holdings operates through four primary segments: construction services, medical, real estate development, and environmental. The majority of the company's revenue comes from its construction segment, which includes the manufacturing unit SG ECHO and various modular projects. The company's technology enables faster construction, lower costs, and more sustainable building practices, making it a leader in green construction.

Since its inception in 2007, Safe & Green Holdings has focused on repurposing shipping containers to meet safe and sustainable housing needs, particularly in hurricane and earthquake-prone areas. The company recently received recertification from the International Code Council (ICC) for its shipping containers, ensuring they meet stringent safety and performance standards. This achievement underscores the company's commitment to quality and innovation in modular construction.

Safe & Green Holdings' projects are designed to exceed typical building code requirements, offering developers, architects, and builders a high-value, eco-friendly construction option. The company's dedication to reducing the global carbon footprint is evident through its sustainable building practices and use of recycled materials. Partnering with industry leaders and constantly evolving its technology, Safe & Green Holdings continues to set new benchmarks in the modular construction industry.

For more information, visit the company's investor relations page or contact Crescendo Communications, LLC at (212) 671-1020 or via email at SGBX@crescendo-ir.com.

News

Safe & Green Holdings Corp. Announces Receipt of Nasdaq Notification

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Safe & Green Holdings Corp. (NASDAQ: SGBX) received a notification from Nasdaq regarding non-compliance with filing requirements. The company has 60 days to submit a plan to regain compliance, with a possible extension up to October 14, 2024. The trading of SGBX shares on the Nasdaq Capital Market will continue during this period.
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Safe & Green Holdings Corp Provides Update on Its Audit and Planned 10-K Filing for the Year Ended December 31, 2023

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Safe & Green Holdings Corp (SGBX) is finalizing its audit for the year ended December 31, 2023, and plans to file its Form 10-K soon. The delay was due to complexities related to the audit and spin out of Safe & Green Development Corp. CEO Paul Galvin is optimistic about providing a further update on the business.
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Safe & Green Holdings Corp to Report Financial Results and File Its Form 10-K for the Year Ended December 31, 2023, on April 16, 2024

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Safe & Green Holdings Corp (SGBX) to report financial results and file Form 10-K for the year ended December 31, 2023, on April 16, 2024.
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Safe & Green Holdings Enters Design/build Agreement With Talent Services Llc for the Design and Production of Eight Units Currently in Concept Stage

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Safe & Green Holdings Corp. (SGBX) has entered into a design/build agreement with Talent Services to produce modular homes meeting the Department of Energy's Net-Zero Energy Ready Requirements. The project includes the initial production of 8 units in North Carolina by the fourth quarter of 2024, with a potential total of approximately 600 units over the next seven years.
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Safe & Green Holdings Corp to Report Financial Results and File Its Form 10-K for the Year Ended December 31, 2023, on April 15, 2024

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Safe & Green Holdings Corp. (SGBX) plans to report its financial results and file its Form 10-K for the year ended December 31, 2023, on April 15, 2024. The Chairperson and CEO, Paul Galvin, expressed anticipation in sharing the review of results and a business update with shareholders.
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Safe & Green Holdings Expands Contract with Government Contractor to Refurbish 19 Container Modules for a Major U.S. Agency

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Safe & Green Holdings Corp. (SGBX) secures a contract to refurbish 19 container modules for a major U.S. government agency, valued at over $300,000, showcasing the company's expertise in modular construction.
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Safe & Green Holdings and Soldier on Sign Letter of Intent to Design, Build and Operate 800-Unit Supportive Housing Community for Veterans

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Safe & Green Holdings Corp. and Soldier On, Inc. have entered into a non-binding Letter of Intent to build an 800-unit supportive housing community for veterans and disabled individuals, along with an 80,000-square-foot ADA-compliant manufacturing facility in McClean, Oklahoma. The project aims to provide employment opportunities for wounded vets and address the housing needs of homeless veterans and first responders.
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Safe and Green Development Corporation Acquires XENE Real Estate AI Software

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Safe and Green Development Corporation (SGD) has completed the acquisition of Majestic World Holdings, a real estate technology firm, and owner of the Xene AI Software platform. The acquisition includes a cash payment of $500 thousand and 500,000 shares of SG Devco restricted stock valued at $1.075 million. Matthew Barstow, MWH CEO & President, will become Senior Vice President of Innovation at SG Devco. The acquisition diversifies SG DevCo’s business interests and adds a new source of potential revenue. The XENE Platform, powered by advanced AI technology, aims to create a decentralized real estate marketplace, streamlining property transactions and offering a cost-effective alternative to traditional buyers' agent models. The platform is expected to launch in the first quarter of 2024.
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Safe & Green Holdings Announces it has Entered Into a Design Build Contract with Hostel Cubed to Produce First Modular Camping Cube for the California Coast

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Safe & Green Holdings Corp. (SGBX) has entered into a design-build contract with Hostel Cubed to produce their first modular camping cube for the California Coast, the 'Coastal Camping Cube.' The project aims to increase capacity at RV Parks and campgrounds using eco-friendly materials and energy-efficient design. The company also provided an update on a $11.3 million purchase order currently on hold, allowing them to focus on other ongoing projects.
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Safe and Green Development Corporation Executes Contract to Sell St Mary’s Site for $1.35M

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Safe and Green Development Corporation (SGD) has entered into an agreement to sell its St Mary's property to Pigmental Studios for $1.35 million. The pending sale is a result of the Company's plan to strategically monetize its real estate holdings by identifying markets where its land may have increased in value. The transaction is expected to close on or before March 1, 2024.
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FAQ

What is the current stock price of Safe & Green Holdings (SGBX)?

The current stock price of Safe & Green Holdings (SGBX) is $0.4241 as of December 23, 2024.

What is the market cap of Safe & Green Holdings (SGBX)?

The market cap of Safe & Green Holdings (SGBX) is approximately 1.9M.

What does Safe & Green Holdings Corp. do?

Safe & Green Holdings Corp. provides modular construction solutions using both cargo shipping containers and wood for residential and commercial use.

What are the primary segments of Safe & Green Holdings Corp.?

The company operates in four segments: construction services, medical, real estate development, and environmental.

What is the main revenue source for Safe & Green Holdings Corp.?

The majority of the company's revenue comes from the construction segment, including its manufacturing unit SG ECHO and various modular projects.

How does Safe & Green Holdings Corp. contribute to sustainable construction?

The company repurposes shipping containers, reducing the need for new materials and lowering the carbon footprint, while providing safe and sustainable housing options.

What recent certifications has Safe & Green Holdings Corp. received?

The company recently received recertification from the International Code Council (ICC) for its shipping containers, confirming their compliance with safety and performance standards.

What are some applications of Safe & Green Holdings Corp.'s modules?

The modules can be used for residential housing, commercial buildings, health care facilities, and more, offering both permanent and temporary solutions.

When was Safe & Green Holdings Corp. founded?

Safe & Green Holdings Corp. was founded in 2007.

Where can I find more information about Safe & Green Holdings Corp.?

For more information, visit the company's investor relations page or contact Crescendo Communications, LLC at (212) 671-1020 or via email at SGBX@crescendo-ir.com.

What are the benefits of Safe & Green Holdings Corp.'s modular construction?

The company's modular construction offers faster execution, lower costs, higher building value, and extended life, while meeting or exceeding building code requirements.

Who are the key clients of Safe & Green Holdings Corp.?

The company's clients include developers, architects, builders, and property owners seeking innovative and sustainable construction solutions.

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Safe & Green Holdings Corp.

Nasdaq:SGBX

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SGBX Stock Data

1.89M
3.88M
24.13%
5.95%
4.61%
Metal Fabrication
Wholesale-lumber & Other Construction Materials
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