Sg Blocks Inc (SGBX) has released an update.
Safe and Green Development Corporation (SG DevCo) recently amended its agreement with Peak One Opportunity Fund, L.P., setting the stage for multiple private placement offerings of convertible debentures and common stock. The first tranche closed with a $250,000 debenture issued at a discount, alongside common stock and warrants. This strategic financial move, which includes a registration statement for the securities and provisions for future tranches, reflects SG DevCo’s active pursuit of growth capital under favorable terms, exemplifying the dynamic maneuvers companies engage in to bolster their financial standing within the market.
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