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Private placements (Securities)

Safe & Green Holdings Corp. Raises $8.0 Million in Private Placement

Strategic Insights

— 1 min read

Safe & Green Holdings Corp., a developer, designer, and fabricator of modular structures, has successfully priced a Private Placement with gross proceeds to the Company expected to be approximately $8.0 million. The offering consists of 20,408,160 Common Units, each consisting of a share of Common Stock, a Pre-Funded Warrant, and two Registered Common Warrants with exercise prices of $0.784 and $0.98, respectively. The public offering price per Common Unit is $0.392, with the Pre-Funded Warrants exercisable immediately and expiring in 30 months.

Key Takeaways:

  • The Private Placement is expected to generate gross proceeds of approximately $8.0 million for Safe & Green Holdings Corp.
  • The offering consists of 20,408,160 Common Units, each with a Pre-Funded Warrant and two Registered Common Warrants with exercise prices of $0.784 and $0.98.
  • The public offering price per Common Unit is $0.392, with the Pre-Funded Warrants exercisable immediately and expiring in 30 months.
  • The Company intends to use the net proceeds from the offering for working capital, general corporate purposes, and equipment for expansion.
  • D. Boral Capital is acting as the Exclusive Placement Agent for the Offering, while Sichenzia Ross Ference Carmel LLP and Lucosky Brookman LLP are acting as counsel to the Company and D. Boral Capital, respectively.
  • Safe & Green Holdings Corp. operates under core capabilities including the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries.

Statistics:

  • 20,408,160 Common Units will be issued in the Private Placement.
  • The gross proceeds to the Company are expected to be approximately $8.0 million.
  • The public offering price per Common Unit is $0.392.
  • The Pre-Funded Warrants are exercisable immediately and will expire in 30 months.
  • The Series A Warrants expire sixty (60) months after stockholder approval.
  • The Series B Common Warrants expire thirty (30) months after stockholder approval.

Sources:

  • Safe & Green Holdings Corp. official website: https://www.safeandgreenholdings.com
  • CloseUpMedia news article: newsdesk@closeupmedia.com

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