Safe and Green Development Corporation to Ring the Nasdaq Closing Bell on October 12, 2023
04 October 2023 - 11:30PM
Safe and Green Development Corporation (NASDAQ: SGD)(“SG DevCo” or
the “Company”), a leading real estate development company, recently
spun off from Safe & Green Holdings Corp. (NASDAQ: SGBX) (“SG
Holdings”), a leading developer, designer, and fabricator of
modular structures for residential, commercial, and point-of-care
medicine, today announced that David Villarreal, President &
CEO of SG DevCo, as well as the management of both SG DevCo and SG
Holdings, will be ringing the Nasdaq closing bell in Times Square,
New York City, to celebrate the Company’s recent spin-off and
subsequent listing on Nasdaq. The ceremony will take place on
Thursday, October 12, 2023, beginning at approximately 3:50 PM ET
and can be viewed live at https://www.facebook.com/Nasdaq.
David Villarreal, President & CEO of SG DevCo, commented,
"It is both a privilege and a matter of pride for us to mark this
pivotal moment in SG DevCo's journey by ringing the Nasdaq closing
bell. With a robust project pipeline valued at over $800 million
and a plan to develop more than 4,000 units, SG DevCo’s trajectory
looks immensely promising. We are more encouraged than ever
by the outlook for the business.”
Paul Galvin, Chairman and CEO of Safe & Green Holdings,
stated, “After a year of unwavering dedication from our team, we've
successfully completed the spin-off of SG DevCo. We believe this
will allow us to better focus our resources between the two
distinct business models, as well as benefit from the synergies
that will still exist between the two companies. As we navigate
this new phase, we are extremely confident in the growth prospects
for both companies.”
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions
company, operates under core capabilities which include the
development, design, and fabrication of modular structures, meeting
the demand for safe and green solutions across various industries.
The firm supports third-party and in-house developers, architects,
builders, and owners in achieving faster execution, greener
construction, and buildings of higher value. For more information,
visit https://www.safeandgreenholdings.com/ and follow us at
@SGHcorp on Twitter.
About Safe and Green Development
Corporation
Safe and Green Development Corporation is a leading real estate
development company. Formed in 2021, it focuses on the development
of sites using purpose-built, prefabricated modules built from both
wood and steel, sourced from one of SG Holdings’ factories operated
by SG Holdings’ SG Echo subsidiary. More information about SG DevCo
can be found at www.sgdevco.com.
Safe Harbor Statement
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. These forward-looking
statements are based upon current estimates and assumptions and
include statements regarding SG DevCo’s robust project pipeline
valued at over $800 million and plans to develop more than 4,000
units; SG DevCo’s trajectory looking immensely promising; being
encouraged by the outlook of SG DevCo’s business; the spin-off
allowing us to better focus the companies’ resources between the
two distinct business models, as well as benefitting from the
synergies existing between the two companies; and the growth
prospects for both companies. While SG DevCo and SG Holdings
believe these forward-looking statements are reasonable, undue
reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward-looking statements are subject
to various risks and uncertainties, many of which are difficult to
predict that could cause actual results to differ materially from
current expectations and assumptions from those set forth or
implied by any forward-looking statements. Important factors that
could cause actual results to differ materially from current
expectations include but are not limited to other factors discussed
in SG Holdings’ Annual Report on Form 10-K for the year ended
December 31, 2022, and its subsequent filings with the SEC,
including subsequent periodic reports on Forms 10-Q and 8-K and in
the Form 10 registration statement filed by SG DevCo and its
subsequent filings with the SEC. The information in this release is
provided only as of the date of this release, and we undertake no
obligation to update any forward-looking statements contained in
this release on account of new information, future events, or
otherwise, except as required by law.
Investor Relations:Crescendo Communications,
LLC212-671-1020SGBX@crescendo-ir.com
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