Safe & Green Holdings Enters Material Definitive Agreement
Ticker: OLOX · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1023994
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
SGH just signed a big deal, could mean new money or debt.
AI Summary
On October 22, 2024, Safe & Green Holdings Corp. entered into a material definitive agreement related to a direct financial obligation. The company, formerly known as SG Blocks, Inc., is incorporated in Delaware and operates in the wholesale lumber and construction materials sector.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Safe & Green Holdings Corp., which could impact its financial stability and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.
Key Players & Entities
- SAFE & GREEN HOLDINGS CORP. (company) — Registrant
- October 22, 2024 (date) — Date of earliest event reported
- SG BLOCKS, INC. (company) — Former company name
- CDSI HOLDINGS INC (company) — Former company name
- PC411 INC (company) — Former company name
FAQ
What type of material definitive agreement did Safe & Green Holdings Corp. enter into?
The filing states that the agreement is related to the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is October 22, 2024.
What was Safe & Green Holdings Corp. formerly known as?
Safe & Green Holdings Corp. was formerly known as SG BLOCKS, INC.
In which state is Safe & Green Holdings Corp. incorporated?
Safe & Green Holdings Corp. is incorporated in Delaware.
What is the Standard Industrial Classification code for Safe & Green Holdings Corp.?
The Standard Industrial Classification code for Safe & Green Holdings Corp. is 5030, which corresponds to Wholesale-Lumber & Other Construction Materials.
Filing Stats: 1,112 words · 4 min read · ~4 pages · Grade level 11.7 · Accepted 2024-10-28 16:00:36
Key Financial Figures
- $0.01 — ch Registered Common Stock, par value $0.01 SGBX The Nasdaq Stock Market LLC
- $174,000 — ") in the aggregate principal amount of $174,000 (the "Principal"), and an accompanying
- $150,000 — d by the Lender for a purchase price of $150,000, representing an original issue discoun
- $24,000 — resenting an original issue discount of $24,000. A one-time interest charge of twelve p
- $21,653.34 — rincipal, each payment in the amount of $21,653.34. The Company shall have a five-business
- $1.30 — , the conversion price will be fixed at $1.30 per share. Following the Initial Conver
- $0.25 — on Period, the conversion price will be $0.25 per share. The Note may not be converte
Filing Documents
- ea0218829-8k_safe.htm (8-K) — 42KB
- ea021882901ex4-1_safe.htm (EX-4.1) — 87KB
- ea021882901ex10-1_safe.htm (EX-10.1) — 50KB
- 0001213900-24-091176.txt ( ) — 388KB
- sgbx-20241022.xsd (EX-101.SCH) — 3KB
- sgbx-20241022_lab.xml (EX-101.LAB) — 33KB
- sgbx-20241022_pre.xml (EX-101.PRE) — 22KB
- ea0218829-8k_safe_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SAFE & GREEN HOLDINGS CORP. Dated: October 28, 2024 By: /s/ Patricia Kaelin Name: Paticia Kaelin Title: Chief Financial Officer 2