SG Blocks Signs First Licensing Agreement Converting its Residential Construction Vertical to a Royalty Model Reducing Execution Risk and Corporate Overhead Costs
Safe & Green Holdings Corp. (SGBX)
NASDAQ:AMEX Investor Relations:
ir.sgblocks.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”) — a leading designer, innovator and fabricator of container-based structures — today announced that it has entered into its first Licensing transaction, with a Licensee that has injected over $100 million into underserved communities.The Company intends to enter into additional similar licensing transactions for its other construction opportunity verticals – such as education and hospitality - reducing the project execution risk and corporate overhead costs associated with executing construction projects, and allowing the Company to focus on sales and marketing and on qualified lead generation for its licensees.The first Licensing transaction provides for the Licensee to pay SG Blocks up to 5% of the total gross revenues generated from the construction, development and manufacture of residential housing using the SG Blocks method or SG Blocks referrals of any kind. It is limited geographically
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SGBX
News
- Safe & Green Holdings Corp. Secures Two New Contracts for Modular Construction ProjectsGlobeNewswire
- Safe & Green Holdings Corp. Provides Third Quarter 2024 Business Update [Yahoo! Finance]Yahoo! Finance
- Safe & Green Holdings Corp. Provides Third Quarter 2024 Business UpdateGlobeNewswire
- Aegis Capital Corp. Acted as Exclusive Placement Agent on a ~$2.4 Million Warrant Inducement for Safe & Green Holdings Corp. (NASDAQ: SGBX)Accesswire
- Safe & Green Holdings Corp. Announces Entry into Warrant Inducement Transaction for $2.4 Million in Gross Proceeds [Yahoo! Finance]Yahoo! Finance
SGBX
Sec Filings
- 12/16/24 - Form 8-K
- 11/27/24 - Form 10-Q
- 11/22/24 - Form 8-K
- SGBX's page on the SEC website