Annonce • May 07
RenX Enterprises Corp., Annual General Meeting, Jun 12, 2026 RenX Enterprises Corp., Annual General Meeting, Jun 12, 2026. Location: 1271 avenue of the americas, 16th floor, new york, 10020, United States Annonce • Apr 24
Renx Enterprises Corp. Provides Earnings Guidance for the quarter ended March 31, 2026 RenX Enterprises Corp. provided earnings guidance for the quarter ended March 31, 2026. For the quarter, the company expects to report revenue in excess of $3.5 million for the first quarter of 2026, reflecting sequential growth over the fourth quarter of 2025. The expected growth reflects anticipated stronger material sales at the Company’s Myakka City organics processing facility and an expected meaningful step-up in logistics revenue across the Company’s transportation operations. Annonce • Apr 02
RenX Enterprises Corp. announced delayed annual 10-K filing On 04/01/2026, RenX Enterprises Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Annonce • Feb 18
RenX Enterprises Corp. announced that it has received $6.042985 million in funding On February 17, 2026, RenX Enterprises Corp. closed the transaction. The notes mature 13 months from their date of issuance (March 24, 2027). The company paid cash fee equal to 7% ($423,008.9773) of the aggregate gross proceeds of the Private Placement, and (ii) up to $50,000 for legal fees and other out-of-pocket expenses. Annonce • Feb 14
RenX Enterprises Corp. announced that it expects to receive $6 million in funding RenX Enterprises Corp. entered into a securities purchase agreement for a private investment to issue Senior Convertible Note in the aggregate principal amount of $6 million for the proceeds of $6 million on February 13, 2026. The Notes will bear interest at a rate of 12% per annum, will mature 13 months from the date of issuance and will be convertible at the option of the holder at a fixed conversion price of $0.281 per share. In connection with the PIPE financing, the Company will also issue warrants and will have a term of six years and will be exercisable at a price of $0.15594 per share..The PIPE financing is expected to close on or about February 13, 2026, subject to the satisfaction of customary closing conditions. Reported Earnings • Nov 17
Third quarter 2025 earnings released: US$1.12 loss per share (vs US$2.61 loss in 3Q 2024) Third quarter 2025 results: US$1.12 loss per share. Revenue: US$3.52m (up US$3.43m from 3Q 2024). Net loss: US$4.35m (loss widened 86% from 3Q 2024). Board Change • Nov 15
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Member of Advisory Board Jordan Bem is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Oct 21
Safe and Green Development Corporation has withdrawn its Follow-on Equity Offering in the amount of $8 million. Safe and Green Development Corporation has withdrawn its Follow-on Equity Offering in the amount of $8 million.
Security Name: Preferred Stock
Security Type: Preferred Stock
Securities Offered: 320,000
Price\Range: $25
Discount Per Security: $1.875
Security Features: Convertible Annonce • Oct 17
Safe and Green Development Corporation announced that it expects to receive $9 million in funding Safe and Green Development Corporation announced a private placement and entered into a security purchase agreement to issue 360,000 shares of the Company’s Series B Non-Voting Convertible Preferred Stock at a price of $25 and common warrants to purchase up to 6,617,647 shares of common stock for aggregate gross proceeds of $9,000,000 on October 16, 2025. The Preferred shares are convertible into 6,617,647 shares of common stock at a conversion price of $1.36 per share. The warrants have an exercise price of $1.36 per share. The transaction is subject to shareholders approval and is expected to close on or about October 17, 2025. The securities will be offered and sold under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”) and/or Regulation D promulgated thereunder. Annonce • Sep 27
Safe and Green Development Corporation has filed a Follow-on Equity Offering in the amount of $8 million. Safe and Green Development Corporation has filed a Follow-on Equity Offering in the amount of $8 million.
Security Name: Preferred Stock
Security Type: Preferred Stock
Securities Offered: 320,000
Price\Range: $25
Discount Per Security: $1.875
Security Features: Convertible Annonce • Sep 10
Safe and Green Development Corporation, Annual General Meeting, Sep 29, 2025 Safe and Green Development Corporation, Annual General Meeting, Sep 29, 2025. Location: blank rome llp, 1271 avenue of the americas, 16th floor, new york United States Annonce • Aug 19
Safe and Green Development Corporation Provides Earnings Guidance for the Thirds Quarter 2025 Safe and Green Development Corporation provided earnings guidance for the thirds quarter 2025, For the quarter, company expected approximately $4 million in revenue, reflecting the first full quarter of operations with Resource Group. Annonce • Aug 16
Safe and Green Development Corporation announced delayed 10-Q filing On 08/15/2025, Safe and Green Development Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • Jun 20
Safe and Green Development Corporation Announces Changes to Its Board On Friday June 20, 2025, Safe and Green Development Corporation announced the appointment of three new members to its Board of Directors, effective immediately. These appointments follow the successful completion of the Company’s acquisition of Resource Group US Holdings LLC and represent a strategic step in furthering SGD’s commitment to operational growth, innovation, and development. The newly elected directors, Bjarne Borg, James D. Burnham, and Anthony M. Cialone, bring decades of combined experience across real estate development, environmental engineering, private equity, and renewable technologies. Bjarne Borg serves as the Executive Chairman of Index Investment Group, which he co-founded in 1998. With over 35 years of experience in managing start-ups and multinational corporations, Mr. Borg focuses on real estate, renewable energy, and disruptive equity investments. James D. Burnham has served as the President of JDB Consulting Services Inc. since October 2003. He has over 30 years of experience in mergers and acquisitions and project development. Anthony M. Cialone currently serves as President and Chief Operating Officer of Resource Group US, LLC, a position he has held since January 2019. Mr. Cialone brings over 30 years of executive leadership experience, with a strong track record in corporate operations, risk management, and strategic planning. Mr. Cialone holds a Bachelor of Science in Economics and Finance and a Master of Business Administration in Corporate Finance, both from Fordham University. In addition, he has completed advanced coursework and executive education programs at Harvard Business School Online, MIT Professional Education, New York University, and the Stanford Graduate School of Business, earning certificates in Business Strategy, Entrepreneurship & Innovation, Finance & Accounting, Leadership & Management, Life Cycle Assessment, Sustainable Infrastructure Systems, and Chief Sustainability Officer Training, among others. Annonce • Jun 04
Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Resource Group US LLC from a group of shareholders. Safe and Green Development Corporation (NasdaqCM:SGD) entered into a definitive agreement to acquire Resource Group US LLC from a group of shareholders on February 25, 2025. As part of consideration, Safe and Green Development will pay $0.48 million in cash, the issuance of 19% shares of SGD restricted common stock at closing and a convertible note in an amount to be determined at Closing, convertible into shares of SGD Restricted Common Stock subject to the receipt of SGD Shareholder Approval Post-Closing in accordance with Nasdaq rules. Executive Management: David Villarreal and Nicolai Brune will remain as the Chief Executive Officer and Chief Financial Officer of the public company. The newly acquired subsidiary, RSG, will keep its current management in place. The Safe and Green Development will effectuate a name change and trade under a new symbol on the NASDAQ Capital Market after the closing of the transaction. The Board will be organized such that 4 directors from SGD will stay on and RSG will appoint 3 directors for a total of 7 directors.
The Safe and Green Development board of directors unanimously approved this transaction after reviewing a fairness opinion, internal and third party buy-side due diligence and a GAAP review of financials. The transaction is subject to customary closing conditions and the completion of Resource Group's audit. The transaction is expected to close early in the second quarter of 2025.
The acquisition is expected to add significant cashflow from Resource Group's waste-to-value composting business. Justyn Kasierski and Joshua Hayes of Hutchison PLLC acted as legal counsels for Resource Group and Leslie Marlow of Blank Rome LLP acted as legal counsel for Safe and Green Development Corporation.
Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Resource Group US LLC from a group of shareholders on June 3, 2025. In connection with the closing of the acquisition of Resource Group, SGD issued to the members of Resource Group (the "Equityholders") an aggregate of: (i) 376,818 shares of SGD's common stock, representing 19.99% of SGD's issued and outstanding shares on the initial execution date of the Resource Group Membership Interest Purchase Agreement; (ii) 1,500,000 shares of a newly designated series of non-voting Series A Convertible Preferred Stock (the "Series A Preferred Stock") (which, subject to the approval of SGD's stockholders, will be convertible into 9,000,000 restricted shares of SGD's common stock); and (iii) $480,000 in principal amount of unsecured 6% promissory notes due on the first anniversary of the closing. In addition, SGD agreed to issue an additional 41,182 shares of SGD's common stock, subject to the approval of SGD's stockholders. New Risk • May 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.5m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (167% increase in shares outstanding). Revenue is less than US$1m (US$208k revenue). Market cap is less than US$10m (US$1.76m market cap). Board Change • Mar 26
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director J. Scott Magrane was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Feb 19
Safe and Green Development Regains Compliance with Stockholder's Equity Requirement On February 14, 2025, Safe and Green Development Corporation (the Company") received a letter from The Nasdaq Stock Market (Nasdaq") stating that based on the Company's Form 8-K, as filed with the Securities and Exchange Commission on February 12, 2025, Nasdaq has determined that the Company now complies with the stockholders' equity requirement as set in Nasdaq Listing Rule 5550(b)(1). As previously reported, on August 26, 2024, the Company had received a letter from Nasdaq stating that the Company did not comply with the minimum $2.5 million stockholders' equity, $35 million market value of listed securities, or $500,000 in net income from continuing operations requirements for continued listing on The Nasdaq Capital Market as set in Nasdaq Listing Rules 5550(b)(1), 5550(b)(2), or 5550(b)(3), respectively. Nasdaq will continue to monitor the Company's ongoing compliance with the continued listing requirements for The Nasdaq Capital Market and, if at the time of its next periodic report the Company does not evidence compliance it may be subject to delisting. Annonce • Feb 13
Safe and Green Development Corporation Provides Update on Non-Compliance As previously reported, on August 26, 2024, Safe and Green Development Corporation received a letter from The Nasdaq Stock Market (Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the Rule") because the stockholders' equity of the Company of $2,018,263 as of June 30, 2024, as reported in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the SEC") on August 14, 2024, was below the minimum requirement of $2,500,000 (the stockholders' equity requirement"). As of the date of this Current Report on Form 8-K, the Company does not have a market value of listed securities of $35 million, or net income from continued operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years, the alternative quantitative standards for continued listing on the Nasdaq Capital Market. Pursuant to Nasdaq's Listing Rules, the Company submitted to Nasdaq a plan to evidence compliance with the Rule (a Compliance Plan") and requested an extension through February 24, 2025 to evidence compliance with the Rule. In its Submission, the Company outlined multiple initiatives (the Initiatives") to evidence and sustain compliance with the Rule which included negotiating the sale of certain land parcels and working on independent and joint business development. Based on the Company's submission on January 22, 2025, the Company received written notification from Nasdaq granting the Company's request for an extension through February 24, 2025 to evidence compliance with the Rule. The terms of the extension are as follows: on or before February 24, 2025, the Company must complete a significant portion of its Initiatives and may evidence compliance with the Rule by furnishing to the SEC and Nasdaq a publicly available report including: 1. A disclosure of Staff's deficiency letter and the specific deficiency(ies) cited; 2. A description of the completed transaction or event that enabled the Company to satisfy the stockholders' equity requirement for continued listing; 3. An affirmative statement that, as of the date of the report, the Company believes it has regained compliance with the stockholders' equity requirement based upon the specific transaction or event referenced in Step 2; and 4. A disclosure stating that Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, that it may be subject to delisting. The Company believes that it has regained compliance with the stockholders' equity requirement as a result of the sale to JDI of its LLC Interest in JDI-Cumberland set under Item 1.01 above of this Current Report on Form 8-K. Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance it may be subject to delisting. Annonce • Jan 07
Safe and Green Development Corporation Lists Sugar Phase 1 Homes for Sale for Combined Price of over $1 Million Safe and Green Development Corporation announced that its first 5 homes from the Sugar Phase 1 development are nearing completion and have all been listed for sale. In the development of these homes, the Company has undertaken serious consideration for the current regional housing affordability issues and accordingly created a value proposition for both the buyers benefit and the Company's objectives as well in having sound and positive financial results from the sales of these homes. The Company is utilizing a multi-agent strategy in addition to its in-house technology to facilitate the sale of the homes. The Company additionally expects to leverage its partnerships for mortgage services as well as down payment assistance to increase the margins on each home sold. Annonce • Nov 26
Safe and Green Development Corporation Reaches 50% Completion Milestone for Sugar Phase I Project Safe and Green Development Corporation announced a significant milestone in the progress of its Sugar Phase I project in South Texas . The Company has successfully completed 50% of the Project, marking a critical step in its construction timeline. The Project, now halfway through its construction, is an integral part of SG Devco's strategy to deliver high-quality single-family homes in rapidly growing communities. The Project is on track for completion before the end of 2024, reinforcing SG Devco's commitment to meeting housing demands and delivering on its development objectives. With this milestone achieved, the Company is launching its marketing campaign to sell the homes in the Sugar Phase I Project. SG Devco will leverage its proprietary digital platform and tools to enhance the homebuying process. The platform seeks to simplify the homebuying experience for SG Devco homes by seamlessly incorporating mortgage services and down payment assistance. New Risk • Nov 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.8m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (97% increase in shares outstanding). Revenue is less than US$1m (US$173k revenue). Market cap is less than US$10m (US$2.61m market cap). Annonce • Oct 29
Safe and Green Development Corporation Provides Construction Update on Sugar Phase I Project in South Texas Safe and Green Development Corporation announced 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 plan to bring high-quality housing to South Texas communities. With the foundation now poured, framing is expected to be completed later this week as construction progresses rapidly. Annonce • Oct 24
Safe and Green Development Regains Compliance with Nasdaq's Minimum Bid Price Requirement Under Listing Rule 5550(a)(2) Safe and Green Development Corporation (‘the Company’) announced that it has received formal notice from The Nasdaq Stock Market LLC (‘Nasdaq’) confirming that the Company has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). ‘We are pleased to have regained compliance with Nasdaq's listing standards, which reflects our commitment to enhancing shareholder value and ensuring the long-term growth of the Company,’ said David Villarreal, Chief Executive Officer of Safe and Green Development Corporation. ‘We will continue to focus on executing our strategic initiatives and delivering sustainable results for our investors’. Annonce • Oct 04
Safe and Green Development Announces 1-for-20 Reverse Stock Split to Bring it into Compliance with the Minimum Bid Price Requirement Safe and Green Development Corporation (‘SG DevCo’) announced that it will effect a 1-for-20 reverse stock split (‘reverse split’) of its common stock, par value $0.001 per share (‘Common Stock’), that will become effective at 12:01 a.m. Eastern Time on October 8, 2024. The Company's Common Stock will continue to trade on the Nasdaq Capital Market (‘Nasdaq’) under the symbol ‘SGD’ and will begin trading on a split-adjusted basis when the Nasdaq opens on October 8, 2024 (‘Effective Time’). The new CUSIP number for the Common Stock following the reverse split will be 78637J204. The reverse split is intended to bring the Company into compliance with the minimum bid price requirement for maintaining the listing of its Common Stock on the Nasdaq Capital Market, and to make the bid price more attractive to a broader group of institutional and retail investors. The Nasdaq Capital Market requires, among other things, that a listed company's common stock maintain a minimum bid price of at least $1.00 per share. Annonce • Aug 31
Safe and Green Development Receives Non-Compliance Letter from Nasdaq Due to Non-Compliance with Nasdaq Listing Rule 5550(b)(1) On August 26, 2024, Safe and Green Development Corporation (the ‘Company’) received a letter (the ‘Notification Letter’) from The Nasdaq Stock Market (‘Nasdaq’) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the ‘Rule’) because the stockholders’ equity of the Company of $2,018,263 as of June 30, 2024, as reported in the Company’s Quarterly Report on Form 10-Q filed with the SEC on August 14, 2024, was below the minimum requirement of $2,500,000 (the ‘Stockholders’ Equity Requirement’). As of the date of this Current Report on Form 8-K, the Company does not have a market value of listed securities of $35 million, or net income from continued operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years, the alternative quantitative standards for continued listing on the Nasdaq Capital Market. The notification received has no immediate effect on the Company's continued listing on the Nasdaq Capital Market, subject to the Company's compliance with the other continued listing requirements. Pursuant to Nasdaq’s Listing Rules, the Company has 45 calendar days (until October 10, 2024), to submit a plan to evidence compliance with the Rule (a ‘Compliance Plan’). The Company intends to submit a Compliance Plan within the required time, although there can be no assurance that the Compliance Plan will be accepted by Nasdaq. If the Compliance Plan is accepted by Nasdaq, the Company will be granted an extension of up to 180 calendar days from August 26, 2024 to evidence compliance with the Rule. In the event the Compliance Plan is not accepted by Nasdaq, or in the event the Compliance Plan is accepted but the Company fails to evidence compliance within the extension period, the Company will have the right to a hearing before Nasdaq’s Hearing Panel. The hearing request would stay any suspension or delisting action pending the conclusion of the hearing process and the expiration of any additional extension period granted by the panel following the hearing. The Company intends to submit the Compliance Plan on or before October 10, 2024, monitor its stockholders’ equity and, if appropriate, consider further available options to evidence compliance with the Stockholders’ Equity Requirement. The notification is separate from, and in addition to, the previously disclosed deficiency letter that the Company received from the Staff on April 25, 2024 stating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the Company’s common stock did not maintain a minimum closing bid price of $1.00 for the preceding 30 consecutive business days (March 14, 2024 through April 24, 2024). Annonce • Aug 15
Safe and Green Development Corporation announced that it has received $10 million in funding from Arena Investors, LP Safe and Green Development Corporation announced that it has closed a strategic purchase agreement for the gross proceeds of $10 million on August 14, 2024. The transaction included participation from new investors, Arena Investors, LP. Annonce • Jul 24
Safe and Green Development Provides Non-Compliance Update On July 22, 2024, Safe and Green Development Corporation received a letter from The Nasdaq Stock Market stating that based on the Quarterly Report on Form 10-Q that the Company filed with the Securities and Exchange Commission for the period ended March 31, 2024, and the Company’s submission to the Staff, dated May 29, 2024, it determined that the Company was in compliance with Nasdaq Listing Rule 5550(b)(1). The letter further stated that if the Company fails to evidence compliance with the Rule upon filing its next periodic report it may be subject to delisting. At that time, Nasdaq staff will provide written notification to the Company, which may then appeal the staff’s determination to a Nasdaq Hearings Panel. Annonce • May 24
Safe and Green Development Corporation, Annual General Meeting, Jul 02, 2024 Safe and Green Development Corporation, Annual General Meeting, Jul 02, 2024. Location: the offices of blank rome llp, 1271 avenue of the americas, 16th floor, new york 10020., new york United States New Risk • May 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.4m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Revenue is less than US$1m (US$50k revenue). Market cap is less than US$10m (US$9.06m market cap). Annonce • May 09
Safe and Green Development Corporation (NasdaqCM:SGD) entered into an agreement to acquire MyVONIA for $0.25 million. Safe and Green Development Corporation (NasdaqCM:SGD) entered into an agreement to acquire MyVONIA for $0.25 million on May 7, 2024. Under the terms of the agreement, the purchase price will consist of up to 500,000 shares of SGD restricted common stock, 200,000 shares will be issued at closing and up to 300,000 shares will be earned and issued if certain milestones are achieved. SGD plans to integrate MyVONIA into its Xene AI Platform real estate platform. The transaction is subject to certain closing conditions. Closing is expected during the second quarter of 2024. Annonce • Apr 24
Safe and Green Development Corporation Launches XENE Home AI Platform Safe and Green Development Corporation announced that the Xene Home Platform has launched. Xene is designed to assist customers, including buyers and sellers, real estate agents, lawyers, accountants and title companies in many facets of various real estate transactions by enhancing the transaction process with cost-efficiencies and dramatically reduced transaction fees in a range of just 1.99% to 3.99%. This lower cost, in of itself is expected to provide a cost-effective pathway to homeownership and a process that puts consumers back in the driver's seat. Real estate investors and prospective home buyers and sellers who register for membership to the Xene Home Platform will secure access to XENE's foreclosure listings and 'Buy It Now' properties, designed to provide a strategic edge in property investment. Licensed real estate professionals who join the Xene Home Platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive training/certification tools, all of which are intended to enhance such professional's portfolio and expand their business reach. The company plans to introduce continuous advancements in AI technology, beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities. The company intends to progressively unveil new functionalities that redefine the technological landscape of real estate through updates and new solutions. The two first tools to be released later this week to members of the platform are the AI Lister and the AI. New Risk • Apr 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.6m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$10.8m market cap). Annonce • Apr 05
Safe and Green Development Corporation Announces Launch of Xene Home AI Beta Safe and Green Development Corporation announced the Beta launch of the Xene AI Platform for the Real Estate industry. During the beta launch phase those who signed up on the waiting list to test the platform's innovative features will be granted early access to the platform to provide valuable feedback before the official launch to the entire real estate industry licensee base and public. This phase will allow stakeholders to enjoy access to the platform and discover some of the initial AI features of the platform. The fully developed platform is expected to launch in the coming weeks. XENE is designed to assist customers, including buyers and sellers, real estate agents, lawyers, accountants and title companies in many facets of various real estate transactions by enhancing the transaction process with cost-efficiencies and reduced transaction fees in a range of 1.99% to 3.99% per transaction. Licensed real estate professionals who join the Xene Home platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive certification tools, all of which are intended to enhance the industry professional's portfolio and both enhance and expand their business reach and performance metrics. The Company plans to introduce advancements in AI real estate technology following the launch. Additionally, the company intends to progressively unveil new functionalities currently being tested that redefine the technological landscape of real estate transactions. Annonce • Mar 13
Safe and Green Development Corp Launches Xene AI Exclusive Waiting List Safe and Green Development Corporation announced an update to the previously announced launch of the Xene Home platform. In anticipation of the launch scheduled for the end of March, the company announced the establishment of an exclusive waiting list. This initiative has been created to provide real estate professionals, investors, as well as prospective home buyers and sellers, with early access to the company's XENE Home platform. The company plans to introduce continuous advancements in AI technology following the launch. Beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities, the company intends to gradually unveil new functionalities that redefine the technological landscape of real estate throughout the year. For home buyers and sellers, XENE promises a new era of cost-efficiency with transaction fees dramatically reduced to a range of just 1.99% to 3.99%, providing a cost-effective pathway to homeownership and a process that puts consumers back in the driver's seat. Licensed real estate professionals who join the Xene Home platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive training/certification tools, all of which are intended to enhance such professional's portfolio and expand their business reach. Annonce • Feb 09
Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Majestic World Holdings, LLC for $1.6 million. Safe and Green Development Corporation (NasdaqCM:SGD) has signed a non-binding Letter of Intent to acquire unknow stake in Majestic World Holdings, LLC on November 21, 2023. As of January 4, 2024, Safe and Green Development Corporation has negotiated a complete acquisition of Majestic World Holdings, LLC. Transaction is subjected to approval by the Board of Directors and execution of definitive documents. The acquisition is expected to close by the end of the first quarter 2024.
Safe and Green Development Corporation (NasdaqCM:SGD) completed the acquisition of Majestic World Holdings, LLC for $1.6 million on February 8, 2024. The purchase price for the acquisition consists of an aggregate of $500,000 in cash to be paid over 5 quarters and 500,000 shares of Safe and Green Development Corporation restricted stock valued at $1.075 million, or $2.15 per share. Under the terms of the agreement, Matthew Barstow, MWH Chief executive Officer & President will become Senior Vice President of Innovation at Safe and Green Development Corporation. New Risk • Jan 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$8.70m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (70% average daily change). Revenue is less than US$1m. Market cap is less than US$10m (US$8.70m market cap). Board Change • Dec 31
High number of new and inexperienced directors There are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Chairman Paul Galvin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Dec 02
Safe and Green Development Corporation announced that it expects to receive $1.2 million in funding from Peak One Investments, LLC Safe and Green Development Corporation announced that it has entered into a Securities Purchase Agreement with new investor, Peak One Opportunity Fund, L.P. managed by Peak One Investments, LLC, pursuant to which the Company agreed to issue 8% convertible debenture in the aggregate principal amount of $1,200,000 on November 30, 2023. The Debenture matures twelve months from its date of issuance and bear interest at a rate of 8% per annum payable on the maturity date. The Debenture is convertible, at the option of the holder, at any time, into such number of shares of common stock of the Company equal to the principal amount of the Debenture plus all accrued and unpaid interest at a conversion price equal to $2.14 , subject to adjustment for any stock splits, stock dividends, recapitalizations and similar events, as well as anti-dilution price protection provisions that are subject to a floor price as set forth in the Debenture.
On the same day, the company issued an 8% convertible debenture in principal amount of $700,000 in its first tranche. Board Change • Sep 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Jeff Tweedy was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.