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Safe & Green Holdings Corp. Provides Corporate Update
Globenewswire· 2025-05-14 12:15
Core Insights - Safe & Green Holdings Corp. is undergoing a transformation aimed at enhancing financial strength, operational momentum, and strategic expansion, supported by $108 million in committed funding [1][2] - The company is implementing an aggressive buy-and-build strategy to establish a strong presence in both domestic and international markets [1][3] Key Achievements - The leadership team is focused on high-value partnerships and acquisitions in US energy production, sustainable technologies, and modular construction solutions [3] - The company has a robust pipeline of strategic acquisitions to augment its business operations, backed by the $108 million funding from D.Boral and the ELOC Securities Purchase Agreement [3] - Significant structural changes have been made, including the appointment of seasoned C-suite executives and the formation of an executive committee to streamline acquisition processes [5] - The merger with New Asia Holdings, Inc. and its subsidiaries, including Olenox and Machfu, is expected to accelerate growth into new business channels [5] - The company has regained compliance with Nasdaq's minimum equity standard to ensure continued listing on The Nasdaq Capital Market [5] Recent Acquisitions - The purchase of County Line Industrial, LLC enhances the company's access to customers in the ready-mix cement and oil and gas sectors [5] - The acquisition of a majority interest in Winchester Oil and Gas, LLC, which operates over 500 wells in Texas, reported production of approximately 50 barrels per day, with peak production reaching 200 barrels in the last four years [5]
Lottery.com in Final Stages of 2-Year Turnaround
Globenewswire· 2025-04-23 17:16
Core Insights - Lottery.com Inc. has launched a $250 million growth strategy aimed at enhancing its financial strength and operational momentum while expanding its market presence both domestically and internationally [1] Financial Performance - In March 2025, Lottery.com experienced record trading performance with over one billion shares traded and a stock price increase of 816%, indicating strong investor confidence following the resolution of corporate matters [4] - The company has achieved full Nasdaq compliance as of March 6, 2025, addressing all deficiencies under Listing Rules [9] Strategic Initiatives - The company is implementing an aggressive buy-and-build strategy, focusing on high-value partnerships and acquisitions in sports technology, live events, and gaming, supported by the $250 million funding [5][6] - The launch of Sports.com Studios aims to create immersive live-streaming content and enhance fan engagement, generating revenue through monetizable media assets [5] Leadership and Governance - Since 2023, Lottery.com has undergone a significant transformation with a new C-suite and a restructured Board of Directors, distancing itself from legacy issues and enhancing its operational focus [7] - The leadership team is committed to creating shareholder value and has successfully navigated challenges posed by malicious actors [7] Partnerships and Expansion - The company has secured a $150 million commitment from United Capital Investments London and a $100 million stock purchase agreement with Generating Alpha to support its global expansion and technology scale-up [9] - Strategic partnerships, including a deal with Orange for content streaming across Africa and the Middle East, are part of the company's efforts to enhance its global influence [9][10]