MIAMI, Oct. 29, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a real estate development company, announces the start of construction on its Sugar Phase I project in South Texas.Following the recent completion of all required site work and receipt of necessary elevation certificates and permits, SG Devco has officially broken ground on this first phase, which will consist of 5 single-family homes. This marks an important step forward for SG Devco's p ...

MIAMI, Oct. 23, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a leading real estate development company, announces that it has poured the foundation for its first home in South Texas.The Company previously announced that it secured financing terms for the vertical construction of the Company's model home. The home is expected to be delivered in the next 75 days.This home is the precursor to the Company's Sugar Phase I Development which recently rece ...

Core Viewpoint - The recent reverse stock split of Safe and Green Development Corporation (SG Devco) was necessary to maintain NASDAQ listing requirements, but the market capitalization has significantly decreased without any fundamental changes to the business [2][3]. Company Overview - Safe and Green Development Corporation is a real estate development company formed in 2021, focusing on environmentally conscious housing using prefabricated modules [5]. - The company has a majority-owned subsidiary, Majestic World Holdings LLC, which has developed a real estate AI platform aimed at decentralizing the real estate marketplace [5]. Financial Performance - Following the reverse stock split, the company's market capitalization dropped from approximately $5 million to $2.5 million, despite real estate assets being appraised at around $50 million [3]. - The current market capitalization is viewed as not reflective of the company's actual value, given the strategic acquisitions and joint ventures that have occurred over the past year [4]. Strategic Initiatives - The company is positioned to execute its business plan focused on developing safe and environmentally conscious housing, with expectations for revenue generation primarily from the South Texas growth market starting in 2025 [4][7]. - Management is prepared to accelerate growth initiatives throughout Q4 and into 2025, leveraging recent strategic repositioning [5][7].

Core Insights - Safe and Green Development Corporation has completed all site work for the first phase of its Sugar Phase I project in South Texas, marking a significant milestone for the company [1][2][4] - The company expects to deliver the first phase of homes, totaling 35 units, by Q1 2025 and plans to sell all homes to Trio, the Program Administrator for Choctaw American Insurance, Inc., within that quarter [3][4] Company Overview - Safe and Green Development Corporation, formed in 2021, focuses on developing real estate using purpose-built, prefabricated modules made from wood and steel, aiming to create strong, innovative, and green housing projects across various income and asset classes [4] - The company also has a majority-owned subsidiary, Majestic World Holdings LLC, which has developed a real estate AI platform designed to decentralize the real estate marketplace, integrating various stakeholders into a structured AI-driven environment [4] - MyVONIA Innovations LLC, a wholly owned subsidiary, offers an AI-powered personal assistant aimed at simplifying daily tasks and enhancing productivity for individuals and businesses [4]

MIAMI, Oct. 9, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company") a leading real estate development company focused on sustainable and eco-friendly projects, is pleased to announce that it has accepted a preliminary binding purchase commitment from Trio, as Program Administrator for Choctaw American Insurance, Inc. ("Choctaw"), for its development project in South Texas. The sale of the first 5 homes, referenced in the commitment, is expected to generate ...

MIAMI, Oct. 8, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a leading real estate development firm focused on eco-friendly and sustainable projects, is pleased to announce that it has successfully secured financing terms for the vertical construction of a model home in South Texas. The model home will provide potential buyers and partners with a tangible example of the Company's design and construction capabilities, helping to streamline the decisi ...

Core Viewpoint - Safe and Green Development Corporation (SG DevCo) will implement a 1-for-20 reverse stock split effective October 8, 2024, to comply with Nasdaq's minimum bid price requirement and enhance the attractiveness of its stock to investors [1][5]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every 20 shares of Common Stock into one share, reducing the outstanding shares from approximately 19 million to about 0.95 million [3]. - The par value of the shares will remain unchanged at $0.001 per share, and the ownership percentage for stockholders will not be affected, except for fractional shares [3]. - The new CUSIP number for the Common Stock post-split will be 78637J204 [1]. Group 2: Compliance and Investor Appeal - The reverse split aims to ensure compliance with Nasdaq's requirement for a minimum bid price of $1.00 per share [5]. - The action is expected to make the stock more appealing to a wider range of institutional and retail investors [5]. Group 3: Shareholder Instructions - Equiniti Trust Company, the transfer agent, will provide instructions to stockholders regarding the exchange of their shares, while those holding shares in brokerage accounts will not need to take any action [4]. - Stockholders entitled to fractional shares will receive a cash payment based on the average closing sales price of the Common Stock for the ten days preceding the effective time [6]. Group 4: Company Overview - SG DevCo focuses on real estate development using prefabricated modules and aims to create innovative and sustainable projects across various income and asset classes [7]. - The company also has a subsidiary, Majestic World Holdings LLC, which has developed a real estate AI platform to integrate various stakeholders in the real estate market [7].

Core Insights - Snowline Gold Corp. has successfully listed on the TSX Venture Exchange, marking a significant milestone for the company [1] - The company focuses on gold exploration in the Yukon Territory, with a portfolio of eight projects covering approximately 360,000 hectares [1] - The flagship project, the Rogue gold project, spans 111,000 hectares and is located in the Selwyn Basin, an area noted for its exploration potential [1] - Snowline's projects are situated within the Tintina Gold Province, known for hosting multiple gold mines and deposits with over a million ounces [1] - The company's first-mover advantage and extensive exploration database present unique investment opportunities for potential discoveries and the establishment of a new gold district [1]

Core Insights - Safe and Green Development Corporation (SG DevCo) is expanding its joint venture project in Edinburg, Texas, by acquiring 22 additional single-family lots, building on a previous acquisition of 5 lots in the same area, aiming to leverage growth in the Rio Grande Valley [1][2][3] Expansion Details - The newly acquired lots are expected to be permitted, with the transaction anticipated to close within the next 60 days, enhancing SG DevCo's presence in the South Texas real estate market [2][3] - The company plans to deliver all homes to customers by the end of Q2 2025, indicating a clear timeline for project completion [2] Leadership Perspective - David Villarreal, CEO of SG DevCo, highlighted the expansion as a demonstration of the company's commitment to growth and delivering results, focusing on lots ready for vertical construction to meet customer demands efficiently [3] Sustainability Commitment - SG DevCo emphasizes its dedication to sustainability and environmental consciousness, ensuring that homes constructed in this expansion will feature energy-efficient designs and sustainable building practices [3] Company Overview - SG DevCo, established in 2021, specializes in real estate development using prefabricated modules made from wood and steel, aiming to create innovative and green projects across various income and asset classes [4] - The company also has a subsidiary, Majestic World Holdings LLC, which has developed a real estate AI platform to integrate various stakeholders in the real estate market [4]

Core Insights - Safe and Green Development Corporation (SG Devco) has entered into a joint venture to develop and construct single-family homes, starting with 5 lots and plans to expand to a total of 24 lots [3][4] - The project is expected to generate revenue from home sales towards the end of 2024 and throughout 2025, marking a significant milestone for the company as it transitions from pre-development to construction [4][5] Company Overview - SG Devco focuses on real estate development using purpose-built, prefabricated modules made from wood and steel, aiming to create strong, innovative, and sustainable projects across various income and asset classes [6] - The company has a subsidiary, Majestic World Holdings LLC, which has developed a real estate AI Platform designed to decentralize the real estate marketplace and integrate various stakeholders into a structured AI-driven environment [6] Strategic Initiatives - The company plans to leverage its real estate AI Platform to enhance the sales process and provide competitive mortgage options and down-payment assistance through partnerships, potentially driving additional revenue from the development of the lots [5][6] - CEO David Villarreal expressed enthusiasm for the project, emphasizing the commitment to creating safe and sustainable communities that cater to modern household needs [4]