Safe and Green Development Corporation (SGD), listed on the Nasdaq Capital Market under the symbol 'SGD', has filed a prospectus supplement with the SEC on February 22, 2024, updating its previous prospectus dated December 27, 2023. This supplement relates to the registration statement on Form S-1 and includes information from the company's Current Report on Form 8-K filed on February 22, 2024. The supplement details the company's agreement with Peak One Opportunity Fund, L.P. to issue 1,999,000 shares of common stock and two tranches of convertible debentures totaling $1,200,000. The first tranche closed on November 30, 2023, and the second tranche, now divided into two parts, closed on February 16, 2024, with the issuance of a $250,000 debenture and a related warrant. The amendment to the Securities Purchase Agreement and...Show More

Safe and Green Development Corporation (SGD), listed on the Nasdaq Capital Market under the symbol 'SGD', has filed a prospectus supplement with the SEC on February 22, 2024, updating its previous prospectus dated December 27, 2023. This supplement relates to the registration statement on Form S-1 and includes information from the company's Current Report on Form 8-K filed on February 22, 2024. The supplement details the company's agreement with Peak One Opportunity Fund, L.P. to issue 1,999,000 shares of common stock and two tranches of convertible debentures totaling $1,200,000. The first tranche closed on November 30, 2023, and the second tranche, now divided into two parts, closed on February 16, 2024, with the issuance of a $250,000 debenture and a related warrant. The amendment to the Securities Purchase Agreement and the Registration Rights Agreement, effective February 15, 2024, outlines the terms of the second and third tranches, including the issuance of common stock and warrants as commitment fees. The closing price of SGD's common stock on February 21, 2024, was $0.7350 per share. Investors are cautioned about the high degree of risk involved in investing in the company's securities.