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SG Blocks Reinforces Commitment to Shareholders and Continues to Work to Provide Transparency in the Public Market
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
SG Blocks, Inc. (NASDAQ: SGBX) has raised concerns about potential irregularities in the trading of its common stock and reported ownership after conducting extensive research. The company aims to ensure a fair market for all participants and is committed to maximizing shareholder value. Investors can reach out to its investor relations firm, Equity Animal, for more information.
Positive
Company is proactive in addressing potential trading irregularities.
Commitment to maximizing shareholder value.
Negative
Potential trading irregularities could undermine investor confidence.
Risks related to compliance with NASDAQ listing requirements could affect future operations.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--
SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”), a leading developer, designer, and fabricator of modular structures, announced today that the Company after extensive research, has contacted the appropriate regulatory agencies regarding what the Company believes to be irregularities in the trading of its common stock as well as reported stock ownership.
The Company remains committed to providing maximum value to its shareholders and working to ensure that the market is fair for all participants.
Those with questions are invited to reach out to the Company’s investor relations firm, Equity Animal, whose contact information is noted below.
About SG Blocks, Inc.
SG Blocks, Inc. is a leading developer, designer, and fabricator of modular structures, meeting the growing demand for safe and green construction. The firm offers a product that exceeds many standard building code requirements, and also supports developers, architects, builders and owners in achieving faster execution, greener construction, and buildings of higher value. The Company creates purpose built, pre-fabricated modules from wood, steel, and shipping containers into supreme structures. For more information, visit www.sgblocks.com.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the believed regularities in the trading of its common equity as well as reported stock ownership. While SG Blocks believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, , the Company’s ability to expand within various verticals as planned, the Company’s ability to position itself for future profitability, the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
