Safe & Green Holdings Corp. Reports Progress On Planned Sale Of Lago Vista Site
Portfolio Pulse from Happy Mohamed
Safe & Green Holdings Corp. (NASDAQ:SGBX) announced progress on the planned sale of its Lago Vista site in Austin, Texas. The initial auction phase, conducted by Crexi, generated significant interest and has now moved to direct negotiations with interested parties.
June 08, 2023 | 12:34 pm
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Safe & Green Holdings Corp. (SGBX) is progressing with the planned sale of its Lago Vista site, which could result in additional non-dilutive capital and a stronger balance sheet.
The planned sale of the Lago Vista site is expected to generate additional non-dilutive capital for Safe & Green Holdings Corp. (SGBX), which will strengthen its balance sheet. The significant interest generated during the initial auction phase indicates a positive outlook for the sale, which could positively impact the company's stock price in the short term.
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IMPORTANCE 75
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