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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 and Green Development Corp Provides Xene AI Software Expansion Plans

Rhea-AI Summary
Safe and Green Development Corporation (SGD) collaborates with Majestic World Holdings to roll out the Xene AI Software platform, aiming to revolutionize the real estate sector. The platform, powered by advanced AI technology, is designed to create a decentralized and interconnected ecosystem, streamlining property transactions and offering a cost-effective alternative to traditional buyers' agent models. The beta launch was a success, attracting nearly 300 licensed real estate agent members in under eight hours. Post-launch, a waiting list of nearly 500 licensed real estate agents and over 100 active real estate investors was garnered, positioning 2024 as a landmark year for both organizations.
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Sg Echo Awarded Record $11.3 Million Purchase Order to Supply Modular Units to Long-Standing Private Infrastructure Solutions Client

Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) announced a new contract with recurring customer SG Echo, LLC, for over 150 modular units, expected to generate approximately $11.3 million in revenue over the next six months. The project is set to commence immediately and aims to be completed during the first half of 2024. This significant order reflects the company's ability to provide high-quality units sustainably and cost-efficiently, leading to strong partnerships and recurring business opportunities.
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Safe and Green Development Corporation Announces Strategic Property Monetization Initiative throughout 2024

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Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) announces a strategic plan to monetize its real estate holdings in 2024, starting with the Contribution Agreement of Lago Vista valued at $11.5M. The company aims to identify markets where its land has increased in value due to entitlements secured over the past three years, expecting non-dilutive capital and accelerated progress of other projects. President & CEO, David Villarreal, emphasizes the strategy's alignment with minimal shareholder dilution.
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Safe and Green Development Corporation Announces Update on LOI for Acquisition of Xene Real Estate AI Software

Rhea-AI Summary
Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) announces the complete acquisition of Majestic World Holdings (MWH) and its Xene AI Software platform (XENE Platform). The 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 acquisition is expected to be completed by the end of the first quarter, with the platform launching to the public within the same timeframe. MWH has already started generating revenues from the XENE Platform, and the acquisition is anticipated to save time and resources for all parties involved. President & CEO David Villarreal expressed confidence in the successful BETA run of the platform earlier in 2023 and looks forward to diversifying SG Devco's business portfolio through this acquisition.
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Safe & Green Holdings CEO Provides Letter to Shareholders

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Safe & Green Holdings Corp. (NASDAQ: SGBX) accomplished significant milestones in 2023, including a spin-off, collaboration with Earth Our Common Home, entering into a Master Purchase Agreement, record growth in manufacturing sales pipeline, and more. The company is optimistic about its future in 2024.
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Safe & Green Holdings Secures $600,000 Advance Against the IRS Employee Retention Tax Credit Refund

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Safe & Green Holdings Corp. (NASDAQ: SGBX) has announced the securing of a $600,000 advance against a $1.5 million refund from the IRS for the Employee Retention Tax Credit (ERTC). The advance is non-dilutive and will support the company's growth opportunities and job growth within local communities.
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Safe & Green Holdings Corp. Announces That David Cross, VP of Sales and Business Development, Has Been Selected to Serve on the Modular Building Institute’s Government Affairs Committee

Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) announced that David Cross, Co-Founder and Vice President of Sales and Business Development, has been selected to serve on the Modular Building Institute’s Government Affairs Committee. Mr. Cross has a background in container technology and has been instrumental in pioneering the use of shipping containers as foundational elements for construction projects. His expertise has led to the development of a unique design and fabrication methodology for modular structures, marking a significant advancement in the construction and engineering field.
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Safe & Green Holdings Announces Collaboration with Earth Our Common Home (ECHo) to Launch the ECHo Impact Investment Fund for Africa

Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) announces collaboration with Earth our Common Home, Inc. to create the ECHo Impact Investment Fund for Africa, with a goal of augmenting medical facilities at 500 clinics and hospitals within Catholic Dioceses, aiming for 10,000 facilities over the life of the project.
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Safe & Green Holdings Corp. Announces Master Purchase Agreement With Safe and Green Development Corporation for Manufacturing Projects Initially Valued in Excess of $140 Million

Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) has announced that its subsidiary SG Echo has executed a Master Purchase Agreement with Safe and Green Development Corporation (NASDAQ: SGD) to manufacture modular units for real estate development projects, with an initial value of over $140 million in net revenue. The company expects the projects to exceed 4,000 units and generate gross revenue in excess of $800 million. The agreement is expected to increase factory utilization to nearly 100% and contribute to domestic job growth.
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Safe and Green Development Corporation Provides Update On Lago Vista Property with $11.5 Million Contribution Agreement

Rhea-AI Summary
Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) has announced the commencement of development activities for the Lago Vista project. MNO Partners has deposited earnest money and begun conceptual design, construction pricing, and market studies. The property, originally purchased for $3.5 million, will be contributed to a joint venture with MNO Partners in exchange for a membership interest valued at $11.5 million. MNO Partners will lead the development process, with the JV expected to secure construction financing within 11 months.
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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 $0.4405 as of December 24, 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.

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1.93M
3.88M
24.13%
5.95%
4.61%
Metal Fabrication
Wholesale-lumber & Other Construction Materials
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