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Sg Blocks Strikes Settlement Deal with Maxim Group

Sg Blocks Inc (SGBX) has released an update.

Safe & Green Holdings Corp. has reached a settlement with Maxim Group LLC to resolve debts from a spin-off. The company will compensate Maxim with a mix of $187,500 in common stock, an equal amount in cash, and a $375,000 promissory note with 5% interest, due in 12 months. This agreement is linked to the successful close of a proposed offering.

For further insights into SGBX stock, check out TipRanks’ Stock Analysis page.

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