Sg Blocks Inc (SGBX) just unveiled an announcement.
SG Building Blocks and SG Echo, subsidiaries of Safe & Green Holdings Corp., have sold $224,850 of their future receivables to Bridgecap Advance LLC for an immediate $135,000, with daily repayments of $2,248.50 until the full amount is repaid. The deal includes comprehensive security interests and allows for penalty-free early repayment. Additionally, the company has reported executive compensation adjustments, including salary deferrals, increases, bonuses, and stock unit grants, highlighting financial maneuvering to align with corporate objectives and cost-saving measures.
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