Safe & Green Holdings Corp. Files S-1
Ticker: OLOX · Form: S-1 · Filed: May 17, 2024 · CIK: 1023994
Sentiment: neutral
Topics: sec-filing, s-1, capital-raise
TL;DR
SGH filing S-1, looks like they're raising cash.
AI Summary
Safe & Green Holdings Corp. filed an S-1 registration statement on May 17, 2024, indicating plans to offer securities. The company, formerly known as SG Blocks, Inc., is incorporated in Delaware and headquartered in Brooklyn, NY. This filing is a standard procedural step for companies intending to raise capital through public offerings.
Why It Matters
This S-1 filing signals Safe & Green Holdings Corp.'s intention to potentially offer new securities, which could impact its capital structure and future growth prospects.
Risk Assessment
Risk Level: medium — S-1 filings are procedural and don't inherently indicate financial distress or success, but they are a precursor to potential capital raises which carry inherent market risks.
Key Numbers
- 333-279497 — SEC File Number (Identifies this specific registration statement)
- 24959910 — Film Number (Internal SEC processing number)
Key Players & Entities
- SAFE & GREEN HOLDINGS CORP. (company) — Registrant
- SG BLOCKS, INC. (company) — Former company name
- May 17, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- Brooklyn, NY (location) — Business address city and state
FAQ
What is the purpose of this S-1 filing for Safe & Green Holdings Corp.?
The S-1 filing is a registration statement required by the SEC before a company can offer its securities to the public, indicating an intent to raise capital.
When was this S-1 filing submitted?
The S-1 filing was submitted on May 17, 2024.
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 primary business address listed for Safe & Green Holdings Corp.?
The business address listed is 195 Montague Street, 14th Floor, Brooklyn, NY 11201.
Filing Stats: 4,225 words · 17 min read · ~14 pages · Grade level 15 · Accepted 2024-05-17 16:16:06
Key Financial Figures
- $0.01 — 3 shares of our Common Stock, par value $0.01 (our “Common Stock”), con
- $2.65 — Placement and have an exercise price of $2.65 per share, subject to adjustment. The
- $0.0001 — , and have an initial exercise price of $0.0001 per share, subject to adjustment. The C
- $5.206 — , and have an initial exercise price of $5.206 per share, subject to adjustment. We r
- $4.0 — adjustment. We received approximately $4.0 million in aggregate gross proce
- $494,213 — ompany received aggregate approximately $494,213 in aggregate gross proceeds, before ded
- $0.2603 — x00a0;27, 2021, at an exercise price of $0.2603 per share ($5.206 as adjusted for the M
- $7,310,343 — gregate gross proceeds of approximately $7,310,343. Further, assuming the exercise of all
- $182,757 — gregate gross proceeds of approximately $182,757. Further, assuming the exercise of all
- $988,427 — gregate gross proceeds of approximately $988,427. We provide more information about how
- $3.71 — Stock on the Nasdaq Capital Market was $3.71 per share. We urge prospective purchase
- $1.00 — equires a minimum bid price of at least $1.00 per share for continued listing. On May
- $6,334,859 — olders’ equity of the Company of $6,334,859, as reported in the Company’s An
- $2.5 million — 3, was below the minimum requirement of $2.5 million. As of May 17, 2024, the Company does n
- $35 m — a market value of listed securities of $35 million, or net income from continued ope
Filing Documents
- ea0206398-01.htm (S-1) — 874KB
- ea020639801ex5-1_safe.htm (EX-5.1) — 18KB
- ea020639801ex23-1_safe.htm (EX-23.1) — 2KB
- ea020639801ex23-2_safe.htm (EX-23.2) — 2KB
- ea020639801ex-fee_safe.htm (EX-FILING FEES) — 11KB
- ex23-2_001.jpg (GRAPHIC) — 7KB
- 0001213900-24-044760.txt ( ) — 917KB
RISK FACTORS
RISK FACTORS   6 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS   8
USE OF PROCEEDS
USE OF PROCEEDS   11
SECURITY OWNERSHIP OF CERTAIN BENFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENFICIAL OWNERS AND MANAGEMENT   12 SELLING STOCKHOLDER   13 PLAN OF DISTRIBUTION   15 DESCRIPTION OF OUR SECURITIES   17 LEGAL MATTERS   21 EXPERTS   21 WHERE YOU CAN FIND ADDITIONAL INFORMATION   21 INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE   22 The registration statement containing this prospectus, including the exhibits to the registration statement, provides additional information about us and the Common Stock offered under this prospectus. The registration statement, including the exhibits, can be read on our website and the website of the Securities and Exchange Commission. See “Where You Can Find More Information.” Information contained in, and that can be accessed through our web site, www.safeandgreenholdings.com , shall not be deemed to be part of this prospectus or incorporated herein by reference and should not be relied upon by any prospective investors for the purposes of determining whether to purchase the Common Stock offered hereunder. Unless the context otherwise requires, the terms “we,” “us,” “our,” “the Company,” “Safe & Green,” the “Registrant”, and “our business” refer to Safe & Green Holdings Corp., and “this offering” refers to the offering contemplated in this prospectus of the Registrable Securities. i Table of Contents About this Prospectus Neither the Selling Stockholder nor we have authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus, any post -effective amendment, or any applicable prospectus supplement prepared by or on behalf of us or to which we have referred you. We and the Selling Stockholder take no responsibility for and can provide no assurance as to the reliability of any o