Safe & Green Development Corp. Announces $9 Million Private Placement

Reuters10-23

Safe & Green Development Corp. Announces $9 Million Private Placement

Safe & Green Development Corp. $(SGD)$ has announced a private placement, securing approximately $9.0 million in gross proceeds through a PIPE (private investment in public equity) financing. The company is selling a total of 360,000 shares of its Series B Non-Voting Convertible Preferred Stock, which can be converted at $1.36 per share into 6,617,647 shares of common stock. In addition, common stock warrants to purchase up to 6,617,647 shares at an exercise price of $1.36 per share are being issued. Each unit, consisting of one share of Preferred Stock and an accompanying warrant, is priced at $25.00 in accordance with Nasdaq's minimum price rules. The warrants will become exercisable upon shareholder approval and will expire two and a half years after such approval. Dawson James served as the sole placement agent for the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Safe & Green Development Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-101289), on October 22, 2025, and is solely responsible for the information contained therein.

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Announces $9 Million Private Placement\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Safe &amp; Green Development Corp. <a href=\"https://laohu8.com/S/SGD\">$(SGD)$</a> has announced a private placement, securing approximately $9.0 million in gross proceeds through a PIPE (private investment in public equity) financing. The company is selling a total of 360,000 shares of its Series B Non-Voting Convertible Preferred Stock, which can be converted at $1.36 per share into 6,617,647 shares of common stock. In addition, common stock warrants to purchase up to 6,617,647 shares at an exercise price of $1.36 per share are being issued. Each unit, consisting of one share of Preferred Stock and an accompanying warrant, is priced at $25.00 in accordance with Nasdaq's minimum price rules. 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Announces $9 Million Private Placement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-23 05:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Safe &amp; Green Development Corp. 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Announces $9 Million Private Placement\n    \n\n        Safe & Green Development Corp. $(SGD)$ has announced a private placement, securing approximately $9.0 million in gross proceeds through a PIPE (private investment in public equity) financing. The company is selling a total of 360,000 shares of its Series B Non-Voting Convertible Preferred Stock, which can be converted at $1.36 per share into 6,617,647 shares of common stock. In addition, common stock warrants to purchase up to 6,617,647 shares at an exercise price of $1.36 per share are being issued. Each unit, consisting of one share of Preferred Stock and an accompanying warrant, is priced at $25.00 in accordance with Nasdaq's minimum price rules. The warrants will become exercisable upon shareholder approval and will expire two and a half years after such approval. Dawson James served as the sole placement agent for the transaction.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Safe & Green Development Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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