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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 Announces Safe and Green Development Corporation has Entered into a Contribution Agreement to Form a Joint Venture to Develop the Lago Vista Property

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Safe & Green Holdings Corp. (NASDAQ: SGBX) announced that its subsidiary, Safe and Green Development Corporation, will contribute the Lago Vista property in exchange for membership interest in a joint venture valued at $11.5 million. The property was purchased for $3.5 million and is estimated to require $80 million for full development. MNO Partners, a real estate development firm, will lead the development process.
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Safe & Green Holdings Receives $390 Thousand in Net Proceeds from Sale of Common Shares to an Institutional Investor

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Safe & Green Holdings Corp. (NASDAQ: SGBX) reported a net proceeds of approximately $390,000 from the sale of 658,000 common shares to a single institutional investor. The company aims to minimize dilution and accelerate manufacturing and construction services growth with the equity infusion.
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Safe and Green Development Corporation Unveils Letter of Intent for Integration of Real Estate AI Software

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Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) has signed a non-binding Letter of Intent (LOI) with Majestic World Holdings (MWH) for a proposed strategic partnership. SG Devco will invest in MWH in exchange for access to MWH’s software platform Xene, powered by advanced AI technology, aiming to create a decentralized real estate marketplace. The partnership is expected to bring growth, innovation, and expanded opportunities for both organizations and stakeholders.
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Safe & Green Holdings Eligible for $1.5 Million Employee Retention Tax Credit

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Safe & Green Holdings Corp. (NASDAQ: SGBX) is eligible for a $1.5 million refund from the IRS for the Employee Retention Tax Credit, as confirmed by the Company's Professional Employer Organization (PEO). This refundable credit is expected to reduce the need for dilutive capital, and the timing of the receipt is reliant on the processing times of the IRS and the Company’s PEO. The company's CEO, Paul Galvin, emphasized the significance of this tax credit, highlighting the company's focus on retaining and increasing its workforce during the pandemic. The CFO, Tricia Kaelin, expressed commitment to providing high-quality US jobs and leveraging the ERTC to foster growth and employment in communities.
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Safe & Green Holdings Reports Third Quarter 2023 Results; Manufacturing & Construction Services Revenue Increases 48% Over the Same Period Last Year

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Safe & Green Holdings Corp. (NASDAQ: SGBX) reported a 48% year-over-year increase in manufacturing & construction services revenue for Q3 2023. They also announced a multi-million-dollar contract, Louisiana licensure, partnership with Tunnel to Towers Foundation, CORNERSTONE Charitable Foundation launch, and spin-off of SG Development Corp. They reduced operating expenses by $2 million and plan to develop assets to drive further revenue growth.
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Safe & Green Holdings Debuts Its Modular Comfort Homes for the Tunnel to Towers Foundation Nationwide Program at Events in Houston and New York City

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Safe & Green Holdings Corp. (NASDAQ: SGBX) debuts the Comfort Home Show model, a modular home constructed for the Tunnel to Towers Foundation's Homeless Veteran Program. The home was showcased at a Grand Opening event in Houston, Texas, and assembled in real time in New York City, featured on 'Fox & Friends'. The program aims to eradicate homelessness for 35,000 veterans across the US.
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Safe & Green Holdings Corp. to Report Third Quarter 2023 Financial Results and Host Business Update Conference Call on November 14, 2023

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Safe & Green Holdings Corp. (NASDAQ: SGBX) announced it plans to report its financial results for Q3 2023 on November 14, 2023, and host a business update call. The company is a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine.
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Safe & Green Holdings Corp. Announces Appointment of Thomas Meharey to the Company’s Board of Directors

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Safe & Green Holdings Corp. has appointed Thomas Meharey as an independent member of the board of directors, increasing the board size to seven directors. Meharey has exceptional leadership skills and experience in the licensing industry, having served as a vice president and board member for kathy ireland® Worldwide. He also founded a general contracting business in Hawaii and managed multi-million-dollar projects. The CEO of Safe & Green Holdings believes Meharey's insights and experience will be invaluable as the company expands its modular construction expertise nationwide.
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Safe & Green Holdings’ WELLglobal Health™ Subsidiary Announces Planned Partnership with e-Lovu to Expand Access to Integrated Maternal Care Through Engagement with Employers, Doctors, and Wellness Real Estate Developers

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WELLglobal Health, a subsidiary of Safe & Green Holdings Corp., plans to integrate telehealth with traditional in-person healthcare by developing and deploying eco-friendly modular wellness suites. The company aims to bridge the gap between remote and traditional healthcare to provide accessible high-quality care. WELLglobal Health has signed a non-binding letter of intent with e-Lovu, a digital wellness platform for expecting mothers, to address the complete health needs of pregnant and postpartum women. The partnership will expand the range of healthcare services available in WELLglobal Health's wellness suites.
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SG Echo Awarded an Additional Multi-Million Contract to Supply Modular Units to Long-Standing Private Infrastructure Solutions Client

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Safe & Green Holdings Corp. subsidiary SG Echo has secured a contract to supply 40 additional modular units to an existing customer, generating revenue of over $2 million starting in Q4 2023. This follows a previous order for 38 units from the same customer. The company's ability to deliver units quickly, sustainably, and cost-effectively, along with its multi-state certifications, provides a competitive advantage.
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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 $0.522 as of November 22, 2024.

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

The market cap of Safe & Green Holdings (SGBX) is approximately 1.2M.

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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1.17M
1.71M
24.13%
5.95%
18.64%
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