Safe and Green Development Corporation Inks Preliminary Purchase Commitment up to $2.8M for South Texas Project
Safe and Green Development Corporation (SGD)
Company Research
Source: PR Newswire
MIAMI, Oct. 9, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company") a leading real estate development company focused on sustainable and eco-friendly projects, is pleased to announce that it has accepted a preliminary binding purchase commitment from Trio, as Program Administrator for Choctaw American Insurance, Inc. ("Choctaw"), for its development project in South Texas.The sale of the first 5 homes, referenced in the commitment, is expected to generate approximately $1,000,000 dollars in revenue for the Company. The purchase commitment from Trio allows for a purchase of up to 14 homes within this planned development generating sales of approximately $2,800,000. The preliminary purchase commitment sets forth Trio's agreement on behalf of Choctaw to purchase homes in the Company's South Texas development project, with exact locations and pricing terms to be confirmed. Trio shall purchase a maximum of 40% of the lots within a subdivis
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News
- Safe and Green Development Corporation Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Safe and Green Development Corporation Reports Third Quarter 2024 Financial ResultsPR Newswire
- Safe and Green Development Corporation Closes Sugar Phase 1 Construction LoanPR Newswire
- Safe and Green Development Corporation Provides Construction Update on Sugar Phase I Project in South TexasPR Newswire
- Safe and Green Development Corporation Regains Compliance with Nasdaq Listing StandardsPR Newswire
SGD
Sec Filings
- 11/15/24 - Form S-1
- 11/15/24 - Form 8-K
- 11/14/24 - Form 10-Q
- SGD's page on the SEC website