Safe & Green Holdings Corp. Enters Material Definitive Agreement
Ticker: OLOX · Form: 8-K · Filed: Sep 17, 2025 · CIK: 1023994
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
SGH just signed a big deal, could be good.
AI Summary
On September 11, 2025, Safe & Green Holdings Corp. entered into a material definitive agreement. The company, formerly known as SG Blocks, Inc., is incorporated in Delaware and headquartered in Brooklyn, NY.
Why It Matters
This filing indicates a significant new contract or partnership for Safe & Green Holdings Corp., which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement is a significant event that could carry both positive and negative implications, requiring further investigation.
Key Players & Entities
- SAFE & GREEN HOLDINGS CORP. (company) — Registrant
- SG BLOCKS, INC. (company) — Former company name
- September 11, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Brooklyn, NY (location) — Business address city and state
FAQ
What is the nature of the material definitive agreement entered into by Safe & Green Holdings Corp. on September 11, 2025?
The filing does not specify the details of the agreement, only that it is a material definitive agreement.
What was Safe & Green Holdings Corp. previously 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 SEC file number for Safe & Green Holdings Corp.?
The SEC file number for Safe & Green Holdings Corp. is 001-38037.
What is the business address of Safe & Green Holdings Corp.?
The business address is 990 Biscayne Blvd. #501, Office 12, Brooklyn, NY 11201.
Filing Stats: 798 words · 3 min read · ~3 pages · Grade level 12.8 · Accepted 2025-09-16 19:32:53
Key Financial Figures
- $0.01 — ch Registered Common Stock, par value $0.01 SGBX The Nasdaq Stock Market LLC
- $1,046,231 — ompany attorneys' fees in the amount of $1,046,231 and costs in the amount of $111,006.62.
- $111,006.62 — f $1,046,231 and costs in the amount of $111,006.62. Per the Settlement, EDI will pay the
- $2,000,000 — nt, EDI will pay the Company the sum of $2,000,000 within the later of: (a) thirty (30) da
Filing Documents
- ea0257651-8k_safe.htm (8-K) — 29KB
- ea025765101ex10-1_safe.htm (EX-10.1) — 23KB
- 0001213900-25-088298.txt ( ) — 223KB
- sgbx-20250911.xsd (EX-101.SCH) — 3KB
- sgbx-20250911_lab.xml (EX-101.LAB) — 33KB
- sgbx-20250911_pre.xml (EX-101.PRE) — 22KB
- ea0257651-8k_safe_htm.xml (XML) — 4KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On September 11, 2025 (the "Effective Date"), Safe & Green Holdings Corp. (the "Company"), executed a settlement agreement (the "Settlement") with EDI International PC ("EDI") to resolve pending litigation between EDI and the Company (the "Litigation"). The Litigation is currently pending before the Superior Court of California, County of Los Angeles (Case No. 19STCV21725) alleging causes of action for (1) Intentional Interference with Economic Advantage, (2) Negligent Interference with Economic Advantage, (3) Intentional Interference with Contractual Relations, (4) Professional Negligence, (5) Breach of Contract, (6) Express Indemnity, and (7) Implied Indemnity. The case was tried before a jury and on November 15, 2024, the jury returned a verdict in favor of the Company on the second, fourth, fifth, and sixth causes of action. On December 20, 2024, judgment was entered in favor of the Company. On May 28, 2025, the court awarded the Company attorneys' fees in the amount of $1,046,231 and costs in the amount of $111,006.62. Per the Settlement, EDI will pay the Company the sum of $2,000,000 within the later of: (a) thirty (30) days from August 27, 2025, or (b) seven (7) business days after EDI receives (i) a fully executed, mutually acceptable copy of the Settlement Agreement, (ii) a W-9 form from the Company, and (iii) complete payee information from the Company; however, in any event, payment shall be made no later than October 15, 2025, assuming all parties have fully executed, mutually acceptable settlement agreement. Under the terms of the Settlement, within seven (7) business days after the Company receives payment in full accordance with the terms of the Settlement, the Company shall serve and file an acknowledgement of satisfaction of judgment in full. Additionally, within seven (7) business days after the parties receive a fully executed copy of this Settlement, the parties shall execute and file a s
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit Number Description 10.1 Settlement Agreement, executed on September 11, 2025, by and between Safe & Green Holdings Corp. and EDI International PC 104 Cover Page Interactive Data File (embedded within the inline XBRL document) 1
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: September 17, 2025 By: /s/ Michael McLaren Name: Michael McLaren Title: Chief Financial Officer 2