Sg blocks comments on recent capital raise

New york--(business wire)--on october 27th, 2021, sg blocks, inc. (nasdaq: sgbx) ("sg blocks" or the "company"), a leading designer, innovator and fabricator of modular structures, closed on the issuance of approximately 3.16 million shares of common stock (or common stock equivalents in lieu thereof in the form of pre-funded warrants) together with warrants to purchase up to approximately 1.9 million shares of common stock, for total gross proceeds of approximately $11.55 million. each share o
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