An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
SG Blocks Taps Investment Banking Firm for Strategic Advisory Services
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
SG Blocks, Inc. (NASDAQ: SGBX) has engaged a prominent New York-based investment bank for strategic advisory services. This partnership aims to enhance the Company's capabilities in modular construction, which focuses on safe and green building practices. SG Blocks specializes in developing prefabricated structures from wood, steel, and shipping containers. While future updates regarding this relationship will be provided, the Company emphasizes its commitment to compliance with NASDAQ requirements and positioning for profitability amidst industry challenges.
Positive
Strategic partnership with a leading investment bank could enhance business opportunities and market positioning.
Focus on safe and green construction aligns with growing industry demand.
Negative
Dependence on the investment bank's guidance raises concerns about internal capabilities.
Risks related to compliance with NASDAQ listing requirements may impact operational stability.
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 has engaged with a private, leading full-service investment bank, securities and wealth management firm headquartered in New York, for strategic advisory services.
The Company will provide further information on the relationship in the near future when deemed appropriate. Those with questions are invited to reach out to the Company’s investor relations firm, Equity Animal, of whose contact information is listed 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 Company providing further information on the relationship with the investment banking firm in the near future. 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.
What is the recent announcement by SG Blocks, Inc. regarding investment banking?
SG Blocks, Inc. has engaged a leading investment bank for strategic advisory services to enhance its business operations.
How can I contact SG Blocks for investor inquiries?
Investors can contact SG Blocks through their investor relations firm, Equity Animal, at (703) 888-8693 or via email at mm@equityanimal.com.
What is SG Blocks' focus in the construction industry?
SG Blocks specializes in developing modular structures that meet safety and sustainability standards, utilizing materials like wood, steel, and shipping containers.
What are the implications of SG Blocks' advisory engagement for shareholders?
The engagement with an investment bank may provide strategic advantages, but also introduces risks related to dependence on external guidance and compliance.
