A New Chapter for Safe and Green Development Corporation: The Acquisition of Resource Group
MIAMI, FL – In an exciting development for the real estate industry, Safe and Green Development Corporation (SGD) has announced its intent to acquire 100% of the equity interests in Resource Group. This acquisition, which is expected to close in the early seconds quarter of 2025, marks a significant milestone for SGD as they continue to expand their horizons in the real estate development sector.
The Deal:
Under the terms of the definitive agreement, SGD will pay $480,000 in cash and issue 19% shares of SGD Restricted Common Stock at closing. Additionally, a Convertible Note will be issued in an amount to be determined at closing, which will be convertible into shares of SGD Restricted Common Stock subject to SGD Shareholder Approval Post-Closing in accordance with Nasdaq rules.
What Does This Mean for SGD?
This acquisition is a strategic move for SGD. Resource Group brings a wealth of experience and expertise in the real estate industry, and their addition to the SGD team will undoubtedly strengthen the Company’s position in the market. With Resource Group’s resources and SGD’s innovative approach to development, the possibilities for growth are endless.
Impact on the World:
The merger of SGD and Resource Group is expected to have a ripple effect on the industry as a whole. By combining their unique strengths, the new entity will be able to take on larger, more complex projects, and potentially set new standards for sustainable and eco-friendly development. This could lead to a greater emphasis on green initiatives in the real estate sector, paving the way for a more sustainable future.
What’s Next?
The acquisition is subject to customary closing conditions and the completion of Resource Group’s audit. Once these conditions are met, the deal is expected to close early in the second quarter of 2025. As SGD and Resource Group come together, the world will be watching to see what this dynamic duo will accomplish next.
Stay tuned for more updates on this exciting development. The future is bright, and SGD is leading the way in sustainable real estate innovation.
Conclusion:
The acquisition of Resource Group by Safe and Green Development Corporation marks a major turning point in the real estate industry. With the addition of Resource Group’s expertise and SGD’s innovative approach, the possibilities for growth and sustainability are endless. As the deal moves forward, the world can look forward to a future where eco-friendly development is the norm, not the exception. Stay tuned for more updates as this story unfolds.
