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IBN Initiates Coverage of Safe and Green Holdings Corp.
Globenewswire· 2025-10-23 16:09
Core Insights - Safe and Green Holdings Corp. is enhancing its corporate communications strategy by partnering with IBN, a financial news and publishing company [1][4] - The company is advancing its energy strategy through its subsidiary Olenox Corp., which focuses on acquiring and reviving underutilized oil and gas assets [2] - Olenox has successfully acquired 111 wells across 1,600 acres and is currently producing 55 barrels of oil per day, with plans for further production increases [2] - Safe and Green Holdings also operates in modular manufacturing, healthcare, and environmental technology, consolidating operations into a new facility in Texas [3][6] Company Operations - Olenox Corp. is a key subsidiary of Safe and Green Holdings, focusing on oil and gas asset revival [2] - The modular manufacturing arm, SG Echo, is streamlining logistics by sharing space with Olenox in Texas [3] - Safe and Green Holdings aims to provide safe and green solutions across various industries through its modular solutions capabilities [6] Strategic Partnerships - IBN will utilize its extensive distribution network, which includes over 5,000 syndication outlets and a large social media following, to enhance awareness for Safe and Green Holdings [4][5] - IBN has over 19 years of experience and has assisted more than 500 client partners, positioning it to effectively reach a broad audience [5][7]
Safe and Green Holdings Receives Court-Ordered Award of More Than $1.1 Million for Attorney’s Fees and Costs as Part of EDI Litigation
Globenewswire· 2025-06-04 12:30
Group 1 - Safe & Green Holdings Corp. has received a court-ordered award of approximately $1.157 million for attorney's fees and costs related to its litigation against EDI International, in addition to a jury verdict of $1.274 million in favor of the Company [1] - The court-ordered award and jury verdict are both subject to appeal, indicating ongoing legal proceedings [1] - The Chairman and CEO of Safe & Green Holdings expressed satisfaction with the court's decision, viewing it as validation of the Company's case against EDI [1] Group 2 - Safe & Green Holdings Corp. specializes in the development, design, and fabrication of modular structures, focusing on sustainable solutions across various industries [2] - The Company supports third-party and in-house developers, architects, builders, and owners in achieving faster execution and greener construction [2]
Safe and Green Holdings Appoints Samarth Verma to its Board of Directors
Globenewswire· 2025-05-22 13:15
Core Insights - Safe & Green Holdings Corp. has appointed Mr. Samarth Verma to its Board of Directors, replacing Shafron Hawkins who stepped down due to a government position [1][2] - Mr. Verma is recognized for his expertise in technology innovation and entrepreneurship, with a background in immersive media, advanced mathematics, and corporate development across various sectors [2][5] - The appointment aligns with the company's strategic focus on innovation, scalable growth, and the integration of smart technologies into modular infrastructure [2][6] Company Overview - Safe & Green Holdings Corp. specializes in the development, design, and fabrication of modular structures, aiming to meet the demand for safe and sustainable solutions across multiple industries [7] - The company supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and higher-value buildings [7] Mr. Verma's Background - Mr. Verma has a diverse background, having co-founded FansXR, where he led the development of immersive media broadcasting technologies [3][4] - His early research experience includes publishing a paper at the age of nine and working on a NASA grant project as a student research associate [4] - He has extensive experience in marketing to large affinity groups and has developed projects across various sectors including hospitality, gaming, and energy [5] Strategic Impact - The Chairman and CEO of Safe & Green Holdings, Mike McLaren, expressed confidence in Mr. Verma's ability to contribute to the company's strategic growth and innovation initiatives [6] - Mr. Verma aims to provide strategic guidance and leverage his experience to navigate opportunities and challenges as the company continues to scale [6]
Safe & Green Holdings Corp. Announces New Contract Between Subsidiary SG Echo and Troy Vines
Globenewswire· 2025-04-29 13:00
Core Insights - Safe & Green Holdings Corp. has announced a new construction contract between its subsidiary SG Echo, LLC and Troy Vines, Inc. for rebuilding an overhead bin system at a plant in Odessa, Texas [1][2] - This contract marks a new business venture for SG Echo, facilitated by the recent acquisition of County Line Industrial, and highlights synergies with the Olenox business in the oil and gas sector [2][3] Company Overview - Safe & Green Holdings Corp. specializes in the development, design, and fabrication of modular structures, focusing on safe and green solutions across various industries [5] - Olenox Corp., a subsidiary, is an advanced energy company that focuses on oil and gas production and revitalizing distressed energy assets while minimizing environmental impact [4] Strategic Growth - The CEO of Safe & Green Holdings emphasized the benefits of the County Line acquisition, indicating ongoing opportunities for revenue expansion through construction and repair needs within and outside the oil and gas industry [3]
Safe & Green Holdings Corp. Announces Pricing of Approximately $8.0 Million Private Placement
Globenewswire· 2025-04-14 12:00
Core Points - Safe & Green Holdings Corp. has announced a Private Placement expected to generate approximately $8.0 million in gross proceeds [1][3] - The offering includes 20,408,160 Common Units, which consist of shares of Common Stock and two types of Warrants with specific exercise prices [2] - The transaction is anticipated to close on or about April 14, 2025, subject to customary closing conditions [3] Offering Details - Each Common Unit consists of one share of Common Stock or one Pre-Funded Warrant, along with Series A and Series B Registered Common Warrants [2] - The public offering price per Common Unit is set at $0.392, while the Pre-Funded Unit price is $0.3919 [2] - The Series A Warrants have an initial exercise price of $0.784 and expire in 60 months, while Series B Warrants have an exercise price of $0.98 and expire in 30 months [2] Use of Proceeds - The net proceeds from the offering will be utilized for working capital, general corporate purposes, and equipment for expansion [3] Legal and Advisory Information - D. Boral Capital is acting as the Exclusive Placement Agent, and legal counsel is provided by Sichenzia Ross Ference Carmel LLP and Lucosky Brookman LLP [4] - The securities are being sold in a private placement and have not been registered under the Securities Act, limiting their resale [4] Company Overview - Safe & Green Holdings Corp. specializes in the development, design, and fabrication of modular structures, focusing on safe and green solutions across various industries [6] - The company supports developers, architects, builders, and owners in achieving faster execution and greener construction [6]