Safe and green development corporation executes agreement for strategic shift via acquisition of resource group a next-generation engineered soils and composting company

Miami , feb. 26, 2025 /prnewswire/ -- safe and green development corporation (nasdaq: sgd) ("sgd" or the "company"), a real estate development and innovation company, is announcing that it has entered into a definitive agreement to acquire 100% of the equity interests in resource group us holdings llc ("rsg" or "resource group") (https://www.resourcegroupus.com/) for $480,000 in cash, the issuance of 19% shares of sgd restricted common stock at closing and a convertible note in an amount to be determined at closing, convertible into shares of sgd restricted common stock subject to the receipt of sgd shareholder approval post-closing in accordance with nasdaq rules. the transaction is expected to close early in the second quarter of 2025 subject to customary closing conditions and the completion of rsg's audit.
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