MIAMI, June 3, 2025 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SGD" or the "Company"), a publicly traded real estate and development company, today announced it has completed its acquisition of Resource Group US Holdings LLC ("Resource Group"), a next-generation environmental solutions company focused on transforming organic green waste materials into engineered soil and mulch products.This strategic acquisition marks a significant milestone in SGD's realignment toward revenue-ge ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 100 Biscayne Blvd, Suite 1201, Miami FL 33132 33132 (Address of principal executive offices) (Zip Code) (786) 600-4739 (Registrant's telephone number, including area code) Securities registered pursua ...

MIAMI, April 1, 2025 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SGD" or the "Company"), a real estate development and innovation company, is pleased to share its 2024 year-end highlights, anchored by the Company's strategic acquisition of Resource Group US Holdings LLC ("RSG"). The planned acquisition is expected to position the Company for long-term, recurring revenue growth in the engineered soils and composting sector. In addition to this strategic evolution, SGD achieved its ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 001-41581 SAFE AND GREEN DEVELOPMENT CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 87-1 ...

Core Viewpoint - Safe and Green Development Corporation (SGD) is set to acquire 100% equity interests in Resource Group US Holdings (RSG), which operates in advanced engineered soils, compost, and logistics [1][2]. Financial Summary - For the year ended December 31, 2024, RSG's consolidated financials show a net loss of $936,000 on revenues of $18.75 million, with RGUS contributing a net loss of $1.8 million and ZEI generating a net income of $907,000 [4][7]. - In 2023, RSG reported a consolidated net loss of $6.2 million on revenues of $17.5 million, with RGUS and ZEI reporting net losses of $4.5 million and $1.7 million, respectively [5][8]. - Adjusted EBITDA for 2024 was estimated at $821,000, while for 2023, it was a loss of $481,000 [4][5]. Business Operations - Resource Group US Holdings operates two main businesses: RGUS, focusing on engineered soils and compost, and ZEI, which is involved in regional logistics and transportation [2]. - RGUS generated revenues of $5.2 million in 2024, while ZEI generated $13.4 million in the same year [7]. Transaction Details - The acquisition will involve the issuance of shares of SGD's restricted common stock, which will amount to 49% of the company's outstanding shares at closing [10]. - The company plans to file a proxy statement with the SEC for stockholder approval regarding the transaction [10][11].

Core Points - Safe and Green Development Corporation (SG Devco) announced a stock dividend of 0.05 shares for each outstanding share, resulting in one additional share for every twenty shares held [2] - The record date for the stock dividend is April 7, 2025, with distribution occurring after market close on April 22, 2025, and trading on a stock dividend-adjusted basis starting on April 7, 2025 [3] Company Overview - SG Devco is a real estate development company established in 2021, focusing on acquiring and investing in properties for future development into green single or multi-family projects [4] - The company has a wholly owned subsidiary, Majestic World Holdings LLC, which operates a real estate AI platform aimed at increasing margins on homes sold through mortgage services and down payment assistance [4] - Another subsidiary, MyVONIA Innovations LLC, owns MyVONIA, an AI-powered personal assistant designed to enhance productivity for individuals and businesses [4]

Core Viewpoint - Safe and Green Development Corporation has declared a stock dividend of 0.05 shares for each outstanding share held by shareholders as of April 7, 2025, rewarding shareholders while executing its long-term strategy [1][2]. Company Overview - Safe and Green Development Corporation is a real estate development company established in 2021, focusing on acquiring and investing in properties for future development into green single or multi-family projects [3]. - The company has a wholly owned subsidiary, Majestic World Holdings LLC, which operates a real estate AI platform aimed at increasing margins on homes sold by providing mortgage services and down payment assistance [3]. - Another subsidiary, MyVONIA Innovations LLC, owns MyVONIA, an AI-powered personal assistant designed to enhance productivity for individuals and businesses [3]. Dividend Details - The stock dividend will be distributed after trading closes on April 22, 2025, with trading on a stock dividend-adjusted basis expected to begin on April 23, 2025 [2]. - Shareholders will receive one additional share for every twenty shares held, with fractional shares settled in cash based on the opening price on April 8, 2025 [1][2].

Core Viewpoint - Safe and Green Development Corporation (SGD) has announced its decision to acquire 100% of the equity interests in Resource Group US Holdings LLC, which holds exclusive technology in the composting and engineered soils industry, indicating a strategic shift in SGD's business model [1][2]. Group 1: Acquisition Details - The acquisition is contingent upon customary closing conditions and the completion of Resource Group's audit [1]. - Resource Group's vertical integration and ownership of a logistics business provide additional growth avenues through mergers and acquisitions, enhancing SGD's competitive edge in the soils industry [3]. Group 2: Financial Performance - Resource Group's revenues increased from $16 million in 2023 to $19.1 million in 2024, with anticipated pro forma revenues of approximately $25 million in 2025 post-acquisition, indicating significant growth potential [4]. - The scalability and replicability of Resource Group's business model present opportunities for rapid expansion in various markets, particularly targeting a $3.2 billion market in Florida [5]. Group 3: Strategic Goals - The acquisition aligns with SGD's long-term strategic goals and commitment to shareholder interests, aiming to create sustainable value through leveraging Resource Group's technology and core business [7]. - The company expresses confidence that the market has not fully recognized the transformative potential of this acquisition, which is expected to generate substantial value for shareholders [6].

Core Viewpoint - Safe and Green Development Corporation (SGD) has entered into a definitive agreement to acquire Resource Group US Holdings LLC (RSG) for a total consideration of $480,000 in cash, issuance of 19% shares of SGD Restricted Common Stock, and a Convertible Note, which is expected to enhance the company's financial profile and cash flow through RSG's waste-to-value composting business [1][2][3] Company Overview - Safe and Green Development Corporation focuses on real estate development and innovation, primarily acquiring and investing in properties for future green projects [7] - Resource Group specializes in organic recycling and compost technology, transforming organic waste into environmentally friendly soil and mulch products, thus supporting sustainable practices [3][4] Transaction Details - The acquisition will result in SGD issuing shares that will amount to 49% of its outstanding shares at closing, with the transaction expected to close in early Q2 2025, subject to customary conditions [1][2] - Index Investment Group will become a significant shareholder post-transaction, with Bjarne Borg joining the SGD Board of Directors, enhancing the company's shareholder base [5] Financial Implications - The acquisition is anticipated to significantly strengthen SGD's balance sheet and add substantial revenues, particularly from RSG's composting operations [2][3] - Resource Group has contracts with customers that represent an aggregate potential revenue of $10.7 million, alongside signed MOUs projecting additional revenues from various product categories [3][4] Market Context - The global compost-to-substrate market is valued at approximately $10 billion, driven by demand from horticulture sectors, indicating a growing market opportunity for RSG's services [3] - Increasing corporate commitments to carbon reduction and green solutions are expected to enhance market opportunities for companies like RSG [3][4] Competitive Advantages - Resource Group holds an exclusive license for Microtec technology, valued at $10.5 million, which provides a competitive edge in cost efficiency and innovative production methods [3] - The company operates a permitted compost facility in Myakka City, FL, supported by a robust logistics infrastructure, enhancing operational efficiency [3][4]

Core Viewpoint - Safe and Green Development Corporation has announced that it believes it has met the stockholders' equity requirement under NASDAQ Listing Rule 5550(b) and has regained compliance with NASDAQ's continued listing standards [1] Company Overview - Safe and Green Development Corporation is a real estate development company formed in 2021, focusing on direct acquisition and indirect investment in properties for future development into green single or multi-family projects [3] - The company has a wholly-owned subsidiary, Majestic World Holdings LLC, which operates a prop-tech company that has developed a real estate AI Platform to enhance margins on homes sold by providing mortgage services and down payment assistance [3] - Another wholly-owned subsidiary, MyVONIA Innovations LLC, owns MyVONIA, an AI-powered personal assistant aimed at simplifying daily tasks and improving productivity for individuals and businesses [3] Compliance Monitoring - NASDAQ will continue to monitor the company's compliance with the stockholders' equity requirement, and failure to demonstrate compliance in the next periodic report may lead to delisting [2]