Safe & Green(SGBX)

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Safe & Green Holdings Corp. Regains Compliance with Nasdaq Continued Listing Requirements
Globenewswire· 2025-02-28 13:05
Core Viewpoint - Safe & Green Holdings Corp. has successfully regained compliance with Nasdaq's continued listing requirements, which is a significant milestone for the company, reflecting its strong business strategy and financial position [2]. Group 1: Compliance and Listing - The company received a listing decision from the Nasdaq Hearings Panel, confirming compliance with the minimum equity standard and other criteria for continued listing on The Nasdaq Capital Market [1]. - The company is under a grace period until June 10, 2025, to meet Nasdaq's minimum price bid requirement [1]. Group 2: Management's Perspective - The CEO emphasized the importance of maintaining the Nasdaq listing for enhancing credibility with investors and stakeholders, highlighting the team's dedication to growth initiatives and financial stability [2]. - The company is committed to delivering innovative modular solutions, expanding market presence, and driving operational efficiencies to create long-term shareholder value [2]. Group 3: Company Overview - Safe & Green Holdings Corp. specializes in the development, design, and fabrication of modular structures, catering to the demand for safe and green solutions across various industries [3]. - The company supports third-party and in-house developers, architects, builders, and owners in achieving faster execution and greener construction [3].
Safe & Green Holdings Corp. Announces LOI to Acquire County Line Industrial, LLC
Newsfilter· 2025-02-26 14:00
Core Viewpoint - Safe & Green Holdings Corp. has announced a non-binding Letter of Intent to acquire key assets and business operations of County Line Industrial, LLC, aiming to enhance operational efficiency and expand modular capabilities [1][3][5] Group 1: Acquisition Details - The acquisition is subject to the execution of a definitive Asset Purchase Agreement and customary closing conditions [1] - County Line Industrial is recognized for its expertise in custom-built modular components, precision welding, and on-site installation services [2] - The acquisition is part of Safe & Green's strategic growth plan to create synergies that streamline supply chains and improve profitability [3] Group 2: Strategic Implications - Integrating County Line Industrial's operational expertise with Safe & Green's modular solutions is expected to accelerate time-to-market and enhance production capacity [3][5] - The initiative complements the innovative platforms of Olenox and Machfu.com, positioning the combined businesses for sustainable, long-term value [3] - The company plans to retain essential personnel from County Line Industrial to ensure a smooth transition and maintain customer relationships [4] Group 3: Management Insights - The CEO of Safe & Green Holdings emphasized that the acquisition will enhance operational efficiency and drive long-term growth and value for shareholders [5] - The company is currently conducting comprehensive due diligence and anticipates finalizing the definitive agreement with a target closing in the first half of 2025 [5]
Safe & Green Holdings Corp. Announces LOI to Acquire County Line Industrial, LLC
Globenewswire· 2025-02-26 14:00
Core Viewpoint - Safe & Green Holdings Corp. has announced a non-binding Letter of Intent to acquire key assets and business operations of County Line Industrial, LLC, aiming to enhance operational efficiency and expand modular capabilities [1][5]. Group 1: Acquisition Details - The acquisition is subject to the execution of a definitive Asset Purchase Agreement and customary closing conditions [1]. - County Line Industrial is recognized for its expertise in custom-built modular components, precision welding, and on-site installation services [2]. - The acquisition is part of Safe & Green's strategic growth plan to create synergies that will streamline supply chains and improve profitability [3]. Group 2: Strategic Implications - By integrating County Line Industrial's operational expertise, the company aims to strengthen production capacity and improve overall efficiency [5]. - The initiative complements the innovative platforms of Olenox and Machfu.com, positioning the combined businesses for sustainable, long-term value [3]. - Safe & Green expects to finalize the definitive agreement with a target closing in the first half of 2025 [5]. Group 3: Personnel and Transition - Safe & Green will secure the continued service of essential personnel from County Line Industrial, ensuring a smooth transition and preservation of customer relationships [4].
Safe & Green Holdings Enters Definitive Agreement to Merge with Olenox and Machfu.com
Newsfilter· 2025-02-03 13:30
Core Viewpoint - Safe & Green Holdings Corp. has entered into a definitive Merger Agreement with New Asia Holdings, Inc. to acquire 100% of its outstanding securities, aiming to enhance its capabilities in sustainable energy and smart industrial automation [1][2]. Group 1: Merger Details - The acquisition will be executed through the issuance of non-voting convertible preferred shares of Safe & Green [2]. - The merger is structured as a two-step sign-and-close transaction, requiring approval from a majority of the Company's common shareholders and regulatory bodies [6]. Group 2: Company Profiles - Olenox Corp. operates in the energy sector with three business units: Oil & Gas Production, Energy Services, and Energy Technologies, focusing on revitalizing underdeveloped energy assets [3]. - Machfu.com specializes in industrial IoT, providing solutions that enhance connectivity and operational efficiency across various industries, with over 20,000 gateways deployed globally [4]. Group 3: Strategic Integration - Post-merger, Safe & Green plans to integrate Olenox's energy assets and Machfu's IoT capabilities with its existing operations, leveraging its modular fabrication expertise [5]. - Management anticipates that the synergies from this merger will drive revenue growth and improve operational efficiencies [5]. Group 4: Leadership Perspective - The CEO of Safe & Green believes that the merger will create a diversified, high-growth company at the intersection of energy and technology, providing a robust foundation for expansion into sustainable energy and digital transformation [6].
Safe & Green Holdings Enters Definitive Agreement to Merge with Olenox and Machfu.com
Globenewswire· 2025-02-03 13:30
Core Viewpoint - Safe & Green Holdings Corp. has announced a merger with New Asia Holdings, Inc. to enhance its capabilities in sustainable energy and industrial IoT sectors [1][2] Group 1: Merger Details - Safe & Green will acquire 100% of NAHD's outstanding securities in exchange for non-voting convertible preferred shares [2] - The merger is structured as a two-step sign-and-close transaction, requiring approval from a majority of the Company's common shareholders and regulatory bodies [6] Group 2: Company Profiles - Olenox Corp. focuses on revitalizing underdeveloped energy assets and has seen significant production growth in distressed oil and gas fields in Texas, Oklahoma, and Kansas [3] - Machfu.com specializes in industrial IoT solutions, with over 20,000 gateways deployed globally, enhancing operational efficiency and real-time analytics for various industries [4] Group 3: Strategic Integration - Post-merger, Safe & Green plans to integrate Olenox's energy assets and Machfu's IoT capabilities with its existing operations, leveraging its modular fabrication expertise [5] - Management anticipates that the merger will drive revenue growth, improve operational efficiencies, and create new value opportunities [5][6]
Safe & Green Holdings Announces Certification Upgrades from the Texas Department of Licensing and Regulation (TDLR)
GlobeNewswire News Room· 2025-01-28 13:30
Core Viewpoint - Safe & Green Holdings Corp. has achieved significant certification upgrades for its SG Echo Waldron facility, enhancing its ability to provide innovative modular solutions in Texas [1][2]. Company Developments - The new certifications allow the company to offer a diverse range of products, including modular homes, industrial buildings, and commercial kitchens, while ensuring compliance with Texas building codes [2]. - The SG Echo Waldron facility is now certified to build industrialized housing, construct industrialized commercial buildings, produce commercial kitchens, and utilize modified shipping containers as structural components [2]. - The certifications reflect the company's commitment to quality, compliance, and innovation, positioning it to better serve customer needs and drive growth [2]. Industry Impact - Modular home construction is held to the same rigorous codes as site-built homes, supported by third-party inspection agencies to ensure high standards of quality and safety [2]. - The integration of shipping containers as structural components emphasizes the company's focus on sustainability and resource efficiency, aiming to redefine the construction industry with environmentally responsible solutions [2].
Safe & Green Holdings Announces Certification Upgrades from the Texas Department of Licensing and Regulation (TDLR)
Newsfilter· 2025-01-28 13:30
Core Insights - Safe & Green Holdings Corp. has achieved significant certification upgrades for its SG Echo Waldron facility from the Texas Department of Licensing and Regulation, enhancing its ability to deliver innovative modular solutions across Texas [1][2]. Company Developments - The new certifications allow Safe & Green Holdings to offer a diverse range of products, including modular homes, industrial buildings, commercial kitchens, and the use of modified shipping containers as structural components [2]. - The certifications reflect the company's commitment to quality, compliance, and innovation, ensuring that all products meet Texas' mandatory building codes and design standards [2]. - The integration of shipping containers emphasizes the company's focus on sustainability and resource efficiency, showcasing its technical capabilities [2]. Market Positioning - With the new certifications, Safe & Green Holdings is positioned to drive growth and better serve customers by providing customizable, state-compliant solutions for both residential and commercial applications [2]. - The company supports third-party inspection agencies to guarantee that all products meet the highest standards of quality and safety, similar to site-built homes [2]. Company Overview - Safe & Green Holdings Corp. specializes in the development, design, and fabrication of modular structures, catering to the demand for safe and green solutions across various industries [3]. - The company collaborates with developers, architects, builders, and owners to achieve faster execution and greener construction, ultimately delivering higher value buildings [3].
Safe & Green Holdings Announces Equity Line of Credit with Alumni Capital to Accelerate Growth through Shareholder-Friendly Funding Mechanism
Globenewswire· 2025-01-27 13:30
MIAMI, FL, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, today announced it has entered into a Securities Purchase Agreement with Alumni Capital LP, establishing an equity line of credit (ELOC). This agreement provides the Company with a flexible funding mechanism to support its strategic growth initiatives while minimizing dilution to existing shareholders. The fun ...
Safe & Green Holdings Announces Equity Line of Credit with Alumni Capital to Accelerate Growth through Shareholder-Friendly Funding Mechanism
Newsfilter· 2025-01-27 13:30
MIAMI, FL, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, today announced it has entered into a Securities Purchase Agreement with Alumni Capital LP, establishing an equity line of credit (ELOC). This agreement provides the Company with a flexible funding mechanism to support its strategic growth initiatives while minimizing dilution to existing shareholders. The fund ...
Safe & Green Holdings Corp. Announces Appointment of Jim Pendergast as Chief Operating Officer
Globenewswire· 2025-01-21 13:30
Jim Pendergast Chief Operating Officer, Safe & Green Holdings Jim Pendergast Chief Operating Officer, Safe & Green Holdings Jim Pendergast Chief Operating Officer, Safe & Green Holdings MIAMI, FL, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, today announced the appointment of Jim Pendergast as the Company’s new Chief Operating Officer, effective as of January ...