Safe & green holdings corp. announces entry into warrant inducement transaction for $2.4 million in gross proceeds

Miami, fl, nov. 06, 2024 (globe newswire) -- safe & green holdings corp. (nasdaq: sgbx) (“safe & green holdings” or the “company”), a leading developer, designer, and fabricator of modular structures, announced today that it has entered into an agreement with a single investor that is an existing holder of warrants to purchase shares of common stock of the company for cash (the “existing warrants”), wherein the investor agreed to exercise the existing warrants to purchase up 2,758,620 shares of common stock at a reduced exercise price of $0.8718 per share, resulting in gross proceeds of approximately $2.4 million, before deducting offering fees and other expenses payable by the company.
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