Core Points - Safe and Green Development Corporation (SGD) has entered into a securities purchase agreement for a PIPE financing, raising approximately $9.0 million before fees and expenses [1][2][3] Group 1: PIPE Financing Details - The company is selling 360,000 shares of Series B Non-Voting Convertible Preferred Stock at a conversion price of $1.36 per share, which can convert into 6,617,647 shares of common stock [2] - Each unit, consisting of a share of Preferred Stock and a warrant, is priced at $25.00, complying with Nasdaq's "Minimum Price" requirement [2] - The warrants are not exercisable until shareholder approval and will expire two and a half years after such approval [2][4] Group 2: Use of Proceeds - A portion of the net proceeds will be used to accelerate operational expansion at the Resource Group site in Myakka City, Florida, including purchasing additional processing equipment [5] - The company also plans to use proceeds for reducing debt obligations, strategic investments, acquisitions, and working capital to support revenue-generating operations [5] Group 3: Company Overview - Safe and Green Development Corporation focuses on real estate development and environmental solutions, primarily acquiring properties for green housing projects [7] - The company wholly owns Resource Group US Holdings LLC, which operates an 80+ acre organics processing facility in Florida, processing green waste and producing sustainable potting media [7]