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Safe and Green Development Corporation Secures Construction Loan for Model Home
Prnewswire· 2024-10-08 13:00
Core Viewpoint - Safe and Green Development Corporation has secured financing for the vertical construction of a model home in South Texas, marking a significant milestone in its growth and commitment to sustainable real estate development [1][4]. Financing and Construction - The financing will be facilitated through a construction loan, enabling the company to begin vertical construction of the model home, with the loan closing expected within 30 days, contingent upon fulfilling certain terms, including the payoff of an existing note [3][4]. - The model home will serve as a tangible example of the company's design and construction capabilities, aiding potential buyers and partners in their decision-making process for future projects [2][4]. Expansion Plans - This development is part of the company's strategy to expand its footprint in South Texas, where it plans to launch multiple residential communities in the near future [2][4]. - The company focuses on eco-friendly and sustainable projects, utilizing purpose-built, prefabricated modules made from wood and steel for its developments [4]. Technological Integration - A majority-owned subsidiary, Majestic World Holdings LLC, has developed a real estate AI platform aimed at decentralizing the real estate marketplace, integrating various stakeholders into a structured AI-driven environment [4]. - MyVONIA Innovations LLC, another subsidiary, offers an AI-powered personal assistant designed to enhance productivity for individuals and businesses [4].
SG DevCo Announces Reverse Stock Split
Prnewswire· 2024-10-04 13:00
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].
Snowline Gold Corp. (SGD) Closes the Market
Newsfile· 2024-09-23 20:37
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]
Safe and Green Development Corporation To Acquire 22 Single Family Lots in South Texas
Prnewswire· 2024-08-15 13:00
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]
Safe and Green Development Corporation Expands Portfolio in Texas with Shovel Ready Lots
Prnewswire· 2024-07-25 12:45
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]
Safe And Green Development Corporation Joins $400M Pigmental Studio Development
Prnewswire· 2024-07-22 13:00
Core Insights - The Pigmental Studios Development project aims to revolutionize the entertainment industry by providing advanced infrastructure and resources for high-quality media content production, including live action, visual effects, animation, and immersive storytelling experiences [1][9] - SG Devco's expertise in sustainable construction practices aligns with Pigmental's vision, ensuring the project sets new standards in the industry [2][6] Company Overview - Safe and Green Development Corporation (SG Devco) is a real estate development company established in 2021, focusing on sustainable, innovative construction using prefabricated modules made from wood and steel [2] - SG Devco's subsidiary, Majestic World Holdings LLC, has developed the XENE Home Platform, an AI-driven solution aimed at decentralizing the real estate marketplace [2] - MyVONIA Innovations LLC, another subsidiary, offers an AI-powered personal assistant designed to enhance productivity for individuals and businesses [2] Project Details - The Pigmental Studios Development project is valued at $400 million and is located in St Mary's, Georgia, with SG Devco committed to collaborating closely with Pigmental Studios for its success [5][6] - The project aims to create a world-class production studio that prioritizes sustainability and contributes to the growth of the entertainment industry in Georgia [6][9] - The development will be led by Holder Properties, with design work by Gensler, focusing on creating a nature-forward and technologically advanced production studio [9] Future Outlook - Both SG Devco and Pigmental Studios are looking forward to the imminent commencement of construction for the Pigmental Studios Development, with further updates expected on the collaboration [10]
Safe and Green Development Corporation to Participate in the 2024 Maxim Fintech Virtual Symposium, Presented by Maxim Group LLC on Tuesday, June 25th, at 11:00 A.M. E.T.
Prnewswire· 2024-06-24 12:45
Group 1 - Safe and Green Development Corporation (SG Devco) will participate in the 2024 Maxim Fintech Virtual Symposium on June 25th, where CFO Nicolai Brune will present [1][3] - The symposium will focus on the evolving Fintech industry, highlighting companies in specialty finance, payments, and real estate that utilize advanced technology [3] - SG Devco is a real estate development company established in 2021, specializing in purpose-built, prefabricated modules made from wood and steel for innovative and green projects [2][3] Group 2 - SG Devco's majority-owned subsidiary, Majestic World Holdings LLC, has developed the XENE Home Platform, an AI-driven solution aimed at decentralizing the real estate marketplace [2] - MyVONIA Innovations LLC, a wholly owned subsidiary of SG Devco, offers MyVONIA, an AI-powered personal assistant designed to enhance productivity for individuals and businesses [2]
Safe and Green Development Corporation Strikes Deal to Provide Access to Innovative Home Financing Solutions to Deliver Affordable Homeownership
Prnewswire· 2024-06-14 12:45
Core Insights - Safe and Green Development Corporation (SG DevCo) has entered into a strategic agreement with Trio Residential LLC to integrate Trio's home financing solutions into SG DevCo's Xene Home AI Platform, aiming to enhance homeownership accessibility for diverse customers [4][5][10] Company Overview - Safe and Green Development Corporation focuses on real estate development using innovative, prefabricated modules and aims to create sustainable projects across various income and asset classes [12] - Trio Residential LLC has been providing innovative homeownership solutions since 2001, helping families transition from renting to owning through lease-to-own and seller financing programs [13] Collaboration Details - The collaboration will allow Xene customers to access Trio's down-payment assistance products, including the lease-to-own program, which is designed to help individuals with challenging financial backgrounds [10][11] - Trio's unique financing products, such as the "Link Home Loan" and "Convertible Lease," will be available on the Xene Home Platform within the next 30 days, enriching the home-buying journey for customers [11][10] Strategic Goals - The partnership is expected to enhance the flexibility of the Xene Home Platform, aligning with SG DevCo's mission to make homeownership a reality for more individuals [5][4] - Both companies share a commitment to providing innovative products and services that empower customers from diverse backgrounds to achieve their homeownership dreams [5][9]
Safe and Green Development Corporation Integrates MyVonia into the Xene Home AI Platform
Prnewswire· 2024-06-11 13:00
Core Insights - Safe and Green Development Corporation has fully integrated MyVonia, an advanced AI assistant, into its Xene platform, marking a significant step in the company's commitment to technological innovation in the real estate sector [1][3] Company Overview - Safe and Green Development Corporation, formed in 2021, focuses on developing real estate using prefabricated modules made from wood and steel, aiming to create strong, innovative, and green projects across various income and asset classes [3] - The company also has a majority-owned subsidiary, Majestic World Holdings LLC, which has developed the XENE Home Platform, an AI-driven solution designed to decentralize the real estate marketplace [3] Technology Integration - The integration of MyVonia into the Xene AI Platform is expected to provide realtors with personalized assistance, tailored market insights, and data-driven recommendations, enhancing their decision-making processes and efficiency [2][5] - MyVonia utilizes machine learning and natural language processing to offer human-like conversational interactions, accessible via text messaging, thus improving user experience without the need for an app or website [3] Strategic Goals - The integration is part of the company's strategy to stay at the forefront of innovation and provide unparalleled services to clients in the real estate industry [3] - MyVonia aims to assist users in managing both personal and professional tasks, thereby improving productivity for individuals and businesses [3]
Safe and Green Development Corporation Launches MyVONIA.IO : An AI-Powered Personal Assistant
Prnewswire· 2024-06-07 13:03
Core Insights - Safe and Green Development Corporation has successfully closed the acquisition and launched MyVONIA, an AI-powered personal assistant aimed at simplifying daily tasks and enhancing productivity for both individuals and businesses [1][11] - The CEO of Safe and Green Development Corporation expressed confidence that MyVONIA will exceed user expectations by providing unprecedented efficiency and enjoyment in daily routines [2] Product Features - MyVONIA offers a variety of features tailored to meet diverse user needs and is available through flexible subscription tiers to accommodate different usage levels [6] - The product is being integrated into the company's real estate marketplace platform, Xene, serving as an AI assistive tool to enhance user experience in real estate transactions [7][11] Marketing Strategy - An extensive marketing campaign is being launched alongside MyVONIA to introduce the product to a wide audience, emphasizing its unique benefits and transformative potential [8]